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December 23, 2017 6:00 am | FILED UNDER: business

Prague Bourse Reaches 6 Year High

By ČTK

Prague (CTK) – The Prague Stock Exchange (BCPP) grew also on the fifth day this week and its PX index gained 0.32 percent to 1,081.20 points, the highest level this year and at the same time the highest closing level since August 2011, according to the bourse website.

 

Only three stocks ended in the red today but trading activity was low before Christmas.

CME media group was among the losers also today. “After two days of strong growths, the stock registered taking of short-term profits,” said Fio banka analyst Josef Dudek. CME dropped 1.43 percent to Kc103.50.

 

Drinks maker Kofola shed 0.69 percent to Kc416. Unipetrol petrochemical group was 0.16 percent lower at Kc376.

 

Michal Snobr, economist and adviser to Czech-Slovak investment group J&T, told CTK today that Entris Equity Limited company that holds some 3 percent of Unipetrol will sell its stake to PKN Orlen of Poland as well.

 

Paulinino Limited, Unipetrol’s most significant minority shareholder, said on Wednesday that it would sell its stake to PKN. It holds about a fifth of Unipetrol. PKN Orlen controls nearly 63 percent of Unipetrol. Last week it made a tender offer to buy out minority stakes.

 

On the other hand, Moneta Money Bank improved by 0.92 percent to Kc82.10 and at the same time was the most traded stock today.

 

Fortuna betting company grew by 1.67 percent to Kc180 and Stock liquor maker rose by 1 percent to Kc81. CEZ power company gained 0.58 percent to Kc500.

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