Prague weakened, investors were frightened by the Austrian lockdown
11/19/2021 4:45 PM
The Prague Stock Exchange weakened significantly at the end of the week, as the PX index weakened by 0.99%. Investors on the Prague Stock Exchange were scared by the Austrian lockdown, which was announced from next week. Higher trading activity was evident on the market, when shares worth almost CZK 1.2 billion were traded. Erste Group shares reacted most sensitively and weakened by 4.38% to CZK 976.80. Uncertainty about the further development of the epidemic and the impact on the economy logically affected Komerční banka as well. The stock weakened by 2.67% and the exchange rate returned below CZK 900 to CZK 893.50. Moneta stood out from the decline in banking stocks today, strengthening by 6.27% to CZK 94.85. The growth is due to the improved conditions of Moneta’s connection with PPF’s financial assets. The new form of financing will have to be approved by Moneta’s shareholders at the General Meeting, which was convened on 20.12. and at the same time the shareholders will decide on a dividend of CZK 3. Kofola was traded without dividends for the first time today and a decrease of 3.64% to CZK 318 is a technical matter. Immediately after the market opened, the stock fell below CZK 300 thanks to the shallow market, but the exchange rate quickly returned to a higher value. The title reports its results next week on Wednesday. CEZ also failed amid negative sentiment, weakening by 1.09% to CZK 723. Avast has taken another important step towards completing the acquisition by NortonLifeLock, when the transaction was approved by the company’s general meeting. In the context of the weakening of the koruna, the recalculation of the acquisition price moved to CZK 188. Today, the stock closed with a growth of less than 1% just below CZK 180.
David Brzek, broker, Fio banka, as