Prague bourse rises for sixth straight session

Prague, Oct 16 (CTK) - The Prague Stock Exchange (BCPP) strengthened again at the end of the week, with its PX index rising for the sixth consecutive session, as it gained 0.26 percent to 2,657.34 points today, according to data from the stock exchange website.

Among the major issues, shares of Komerční banka, Moneta Money Bank and energy company CEZ gained around 1 percent each. Erste Bank shares stagnated, while insurer VIG lost more than 3 percent. Among smaller issues, defence company CSG performed particularly well, with its shares gaining almost 6 percent,

"However, market activity remained below the long-term average, with shares worth around CZK430m traded today," said Wood & Company broker Barbora Zelena.

CSG shares were the best performers of today's session, gaining 5.72 percent to CZK 379.10, she noted.

Banks and CEZ also performed well. Komerční banka shares rose by 1.09 percent to CZK1,017, Moneta gained 1 percent to CZK191.60 and CEZ added 1.1 percent to CZK1,380.

By contrast, VIG shares gave up some of Thursday's gains of more than 8 percent, falling by 3.29 percent to CZK1,675. Erste Bank shares closed unchanged from Thursday at CZK2,670.

Shares of firearms manufacturer Colt rose by 0.36 percent to CZK 844, while drone maker Primoco gained 2.76 percent to CZK 670. Tobacco company Philip Morris fell by 1.55 percent to CZK 17,740, and Plzen-based engineering company Doosan Skoda Power lost 0.86 percent to CZK 461. The remaining smaller issues were unchanged.

tam/er

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