Prague Stock Exchange in 1H13: Among worst performers in Europe

The PX index lost 15% in the first half of 2013, making the Prague Stock Exchange one of the worst performers in Europe. NWR’s share price has lost 77% so far this year, followed by CME (-42%), ČEZ (496 CZK, -1,20%) (-27%), O2 (-18%), Erste (500,9 CZK, -3,15%) (-17%) and KB (3534 CZK, -3,97%) (-12%). Fortuna (95,95 CZK, -0,16%) has gained 13%, TMR 9% and Philip Morris (1 1320 CZK, 2,07%) 6% and Pegas (515 CZK, -1,83%) 5% excluding dividends. Trading volume fell y/y in the first half by 38%.