The koruna strengthened today, the Prague Stock Exchange rose

Update: 08.09.2022 17:31

Prague – The koruna strengthened against both major world currencies today. The Prague Stock Exchange rose for the third day, today it repeated Wednesday’s increase of more than one percent. The PX index rose by 1.67 percent to 1172.22 points.

The koruna strengthened against the euro and the dollar today to 24.52 CZK/EUR and 24.63 CZK/USD

Against the euro, it strengthened by nine pennies to 24.52 CZK/EUR, against the dollar it improved by 12 pennies, and around 17:00 it traded at the rate of 24.63 CZK/USD. This follows from data from the Patria Online server.

Recently, the Czech koruna has been moving mainly in a narrow range of 24.50 to 24.60 CZK/EUR, where the Czech National Bank is also holding it with the help of foreign exchange interventions.

World markets reacted today to the decision of the European Central Bank (ECB), which raised its key interest rate by a record 0.75 points to 1.25 percent. In this way, it reacted to the strong growth of inflation in the Eurozone.

Today, the Prague Stock Exchange repeated Wednesday’s more than one percent increase

In particular, bank shares rose. Anti-virus company Avast, whose takeover by NortonLifeLock is being completed, was no longer traded. This follows from the exchange’s website. The Czech crown strengthened against the euro and the dollar today.

On Monday, the PX index closed at the lowest level since last May, then the trend turned around. “Today’s performance was one of the strongest in Europe, when the banking sector, which has a high representation in the domestic index, did well,” said Fio bank’s broker David Brzek. According to him, the market did not pay attention to the media headlines about the taxation of extraordinary bank profits.

Komerční banka’s shares rose to 600 crowns during the day, finishing stronger by 4.45 percent at 598.50 crowns. Erste Bank’s securities improved by 4.49 percent to 590.80 crowns. “For the other emissions, the movements were moderate and the final changes were in the low tenths of a percent,” Brzek added.

Moneta Money Bank gained 0.28 percent to 72.40 crowns, and the shares of insurance company VIG strengthened by 0.36 percent to 557 crowns. At the beginning of the day, the securities of the energy company ČEZ strengthened to 985 crowns, but ended with a loss of 0.31 percent at 966.50 crowns.

Exchange rate of the Czech currency:

Previous conclusion Today around 5:00 p.m
CZK/EUR 24,61 24,52
CZK/USD 24,75 24,63

source: Patria Online

Source: České noviny – hlavní události by

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