The Prague Stock Exchange continued to perform well last week, besting a 40-month high on Wednesday, but investors took profits in the second half of the week, sending the bourse lower. Czech blue chips closed stronger by 4.3% as measured by the headline PX-D index last week, which closed Friday at 1,604.2 points. The blue-chip PX-50 index was up 4.0% on the week, at 643.2 points.
The major gainer of the week was Philip Morris CR, which rose 11.6% to an all-time high of CZK 15,362 by Friday. Banking titles also recorded strong gains: Komercni banka added 9.9% to CZK 2,611 with a traded volume of USD 162.2 mil (59% of the overall PSE liquidity last week, and 159% above the titles 12M weekly average), and Erste Bank was up 7.9% to CZK 2,871. Unipetrol gained a mere 0.4% lacking inputs.
Ceske radiokomunikace was the main loser last week, down 1.8%, after Bivideon, its majority owner, announced plans for a voluntary buyout offer for minority shareholders. CEZ lost 1.7% to close Friday at CZK 132.4. Cesky Telecom gave back 1.4% of its value and ended the week at CZK 324.3.
The overall traded volume on the PSE was USD 310.3 mil., 117% above the 12M weekly average of USD 142.8 mil.