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Trading on the Prague Stock Exchange switched to its usual holiday mode during summer months. While the average volume of trades is approximately between 10 and 12 billion CZK per month, it often drops in roughly 20% during summer.

Volume of stocks traded on the Prague Stock Exchange monthly was above 10 billion CZK from January to June 2021. Altogether with traded bonds, the value would be even 600-800 million CZK higher.

However, trading intensity dropped to roughly 9 billion CZK during July, what represents a decline in one fifth compared to other months. Up until now (to the date of 25th August 2021), securities worth 8.5 billion CZK have been traded on the stock exchange. Therefore, July values are likely to be surpassed.

Compared to last summer, the stock exchange has experienced growth of roughly 40%. The reason behind the increase might be last year’s uncertainty connected to the progress of COVID-19 pandemic. The Czech economy speeded up in second quarter of 2021, what affected the Prague Stock Exchange and continued in the third quarter.

Stocks by the CEZ Group were among the most traded titles on the stock exchange. During August, the CEZ stocks worth 2.8 billion CZK have been traded. However, the amount of less than 2 billion was traded during July. Banking houses of Moneta Money Bank, Commerzbank and Erste Group Bank were among the most traded stocks right after the CEZ Group. The banking titles were traded for 1.5-1.7 billion CZK during July, while the range was even wider during August, reaching from 890 million (Moneta stocks) to 1.75 billion (Erste stocks).

As far as profitability is concerned, the course of Prague Stock Exchange placed among the most profitable stocks globally.

Measured by PX index, Prague stocks reached double-digit volumes, when the PX index grew over 1.290 points. Since the beginning of the year, it strengthened by a quarter.

Throughout the worst part of COVID-19 crisis in last March, the PX index dropped under 700 points.Since that, it added almost 87 %. Therefore, the PX index surpassed the pre-COVID -19 levels in roughly 150 points. In the end of last February, PX index was attacking the level of 1.150 points,* while it’s currently traded approximately 140 points higher.

In the long term, the Prague Stock Exchange is no longer that attractive for investors as can be seen on the volume of realized securities trades. Ten years ago, monthly trade value of trades was normally between almost 20 and 30 billion CZK. The volume of traded bonds moved from almost 30 to roughly 60 billion CZK. And that's about 64 times more than just a decade ago.

Tomáš Kolomazník, BCM




* Past performance is no guarantee of future results

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The content of this material constitutes marketing communication and should not be considered as any type of investment advice and/or investment research and/or a solicitation for any transactions. This material was prepared for informational/educational purposes only and does not imply an obligation to perform investment transactions nor does it guarantee or predict future performance. BCM Begin Capital Markets Cy Ltd and its relevant persons including affiliates, agents, directors, or employees do not guarantee the accuracy, validity, timeliness, or completeness of any information/data provided by third parties and assume no liability for any loss arising from any investment made based on the said information/data. Past performance is no guarantee of future results.

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