After two months, the Prague Stock Exchange closed below the level of 1300 points

Update: 24.03.2023 17:09

Prague – After two months, the Prague Stock Exchange closed below the level of 1300 points. The PX index fell for the third time in a row. It weakened by 2.62 percent to 1290.65 points. He was last seen below on January 23rd. It was mainly driven down by banks today, Erste Bank wrote off more than seven percent. Activity on the market was above average, the total volume of transactions exceeded one billion crowns. This follows from the data of the stock exchange website.

“In Europe, nervousness persisted, especially in the banking sector, and investors moved into more defensive titles,” said David Brzek, broker of Fio bank. The banking sector in Europe weakened by more than four percent, Deutsche Bank was especially under pressure, which lost almost 15 percent during the day.

In Prague, Erste shares reacted the worst to the overall sentiment. They became cheaper by 7.15 percent to CZK 672.40. Komerční banka fell by 2.81 percent to 675 crowns and Moneta Money Bank by 1.45 percent to 81.80 crowns. VIG Insurance Company surrendered 1.39 percent and closed at 566 crowns.

Source: České noviny – hlavní události by

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