The Prague Stock Exchange took a solid breather due to weak liquidity updates before Christmas, CEZ and MONETA shares in particular benefited from the index
action on Wall Street lost for the fifth week in a row, Prague Stock Exchange after the previous negative string of the same length, this time she already recognized a significant tinge. She even strengthened every day and PX index finally added a total of over 2.7% to border1,200 points to enter the final short commercial week with this year’s “only” 16% negative performance. How much the development at the end of the year is “rate forming” can be a question. That is, in the context of very weak volumes shops, when many investors seem to have already taken time off. In short, for some titles, even small orders could/can affect the exchange rate. so low
liquidity Prague Stock Exchange this year, it did not even experience shorter business weeks, it was incomparably higher before Christmas last year, for example.
As PX index they had too action PHOTON ENERGY an unprecedented streak of 5 weeks of declines. Certainly psychologically, in the context of the announced buyback, which we reported on in the last report, the title headed significantly north. Firm then at the end of the week she announced that on stock exchange in Warsaw during the week, she always bought less than 3,000. corporate shares. It was not active in other markets in this regard, so investors could only follow the “home” market. PHOTON ENERGY however, she also published more details about the takeover on Wednesday Polish companies Lerta. As it turned out, they will receive PLN 2.16 million (approx. PLN 11.1 million) in cash for the sold share of the remaining approx. 43%. CZK), but especially action alone PHOTON ENERGY. Next to by the company held 2.33 million also another additional 1.24 million which firm plans to reissue in the 1st quarter and therefore dilute the issues. In short, the founders of the company Lerta they gain in PHOTON ENERGY a share of 5.78%. At the current price, the share is worth CZK 241 million. CZK.
By its weight, however, it is a positive development on Prague Stock Exchangebanking titles in particular took care of it. Most prominently action ERSTEwhich eventually returned to the technical level in their home country of Vienna
border at 30 euros. At the same time, they were somewhat hindered by further strengthening in Prague crownsto euroswhich traded at 11-year highs up to u border 24.15. Influence
shares ERSTE on Prague Stock Exchange as expected after the quarterly update of the PX index eased, but remains dominant. In the context of the latest exchange rate growth, it still exceeds the limit of 20% border (currently 20.9%), however it was last before the update Friday almost 4 percentage points higher.
It can be mentioned right away action ČEZ, whose weight in the index, on the other hand, increased from 15% to the actually more usual 19%. The most traded title on Prague Stock Exchange during the week, he was messing around with the previous values, especially Friday’s attempt for a greater touch (up to 767
CZK) expired before the conclusion. Apparently, in the context of also concluding speculative positions, it is possible to mention a significant price drop on the domestic contract electricity for next year. While at the beginning of the month you could see growth and even attacking back
border 400 EUR/MWhin Friday contracted for only 248 EUR/MWh. Well, actually for price ceiling 6 CZK/kWh. On the other hand, other contracts were also heading. For the sake of interest, it is especially worth mentioning the development on the daily market, where after a long time customers will receive today before midnight for the electricityeven more significantly paid. And up to 15 EUR/MWh.
AGAINST liquidity shares ČEZprimarily competed action KBwhich, especially towards the end of the week, began to reflect above the technical level of 640-650
CZK. At the same time, the bank published an increase in the capital requirement from parties CNB from January 1 by an overall insignificant 30 basis points. Anyway, in the context of the previously announced further countercyclical increase Reserves from April 2023 in this regard, a fairly significant growth trend can still be seen, which can be divisive profit. However, it was Thursday’s physical inflow of funds from the autumn
dividend apparently had a positive effect on the title thanks to shareholder reinvestments at the end of the week. Interest was also seen in the week by action COINin the wake of the announced increase in share, thus the group’s purchasing appetite J&T (details here). He also improved his title in of the PX index from 13.7% to the current 14.9%, in short, in the context of the news, the exchange rate suddenly found itself at 3-month highs.
Stocks KOFOLA so maybe in the end they will suffer a slightly deeper loss compared to this year. Next to the generally most unprofitable banks, however, they will surely be this year’s losers action PILL. They seem to be heading further towards border600 CZKwhich we are they mentionedalready at the beginning of the month of context in technical supports. The second last losing title from the index
PX they were just a week ago action FOAL. First, they continued the positive development from the previous Friday’s closing auction and even traded at half-year highs up to 587 CZK. Information on the creation of a joint venture in Hungary with there national by N7 Holding as if it meant selection profitshowever just below average liquidity.