Sunday, June 22, 2008

More energy in Czech stock market index PX.

Shares of the last and the biggest IPO in Czech history New World Resources has risen by 45% since share issue in less than 2 months. Buying power in last week came from growing commodities prices and also due to possible approval for mining in the pit Debiensko in Poland.

On 23rd of June NWR is part of index PX with weight 11%. Together with energy giant CEZ (25% weight of PX) they make up more than the third of index PX. More or less the same share is for banks (37%) represented by Erste Bank and Komercni Banka.

From now on it is obvious that the performance of Czech stock market index PX will be determined by commodities prices more than it used to be.

Related tickers: (IEER.L), (GUR), (CEE),


1 Response to "More energy in Czech stock market index PX."

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