Czech equities were mostly down last week and the Prague Stock Exchange’s headline PX-50 index lost 1.5%, to 565.5 points. Similarly, the PSE’s blue-chip index, the PX-D, lost 1.4%, closing Friday at 1,392.7 points. Cesky Telecom was the week’s main loser, down 3.3% to CZK 282.8. Philip Morris CR, close behind, lost 3.1% to CZK 13,186. Komercni banka, the most traded stock last week (with a traded volume of USD 60.6 mil.), also led the market down, losing 2.6% to CZK 2,108. Unipetrol and CEZ lost 2.0% and 1.6%, respectively. Ceske radiokomunikace declined relatively moderately, as it lost 0.3% of its value and closed the week at CZK 261.8. Erste Bank was the only stock to see its price rise last week, up by 0.8% to CZK 2,509.
The total volume on the PSE was USD 172.7 mil., 23% above the 12M weekly average.
As for this week, no fundamental corporate news is expected, though some domestic macroeconomic indicators are due to be released (PPI and retail sales) on Thursday.
Jitka Oppitzová