The headline PX-50 index fell some 4.1% last week to close Friday at 608.9 points, while the blue-chip PX-D index lost 5.3% to 1,497.4 points. The major loser among equity titles last week was Cesky Telecom, which gave back 13.6% of its value and closed the week at CZK 277.6, following the announcement of minority shareholder TelSource’s intention to place its 27% stake in the company on international markets. Investors now await the offer details. In other titles, Philip Morris CR lost 5.4% to CZK 13,703, Erste Bank lost 3.9%, and Komercni banka lost 3.1%. CEZ attacked its all-time high of CZK 140 midweek, but closed the week 1.4% weaker at CZK 137. The only stock to strengthen last week was Unipetrol, which added 0.9% to CZK 64.2.
Parliamentary voting last week on public-finance reforms and a confidence-in-the-government measure did not affect the equity market. The coalition government’s slim one-seat majority in the lower house prevailed in the voting.
The overall traded volume on the Prague Stock Exchange was USD 214.7 mil. last week, 32% above the 12M weekly average of USD 163.0 mil.