Prague Stock Exchange down for second week in row in week 41

Prague, Oct 9 (CTK) - The Prague Stock Exchange's (BCPP) headline PX index dropped 1.51 percent to 2,576.77 points over the past week, its second consecutive weekly decline, with Erste Group Bank posting the biggest loss, while drone maker Primoco was the biggest riser, according to the bourse's website.

In the previous week, the Prague Stock Exchange fell by 3.86 percent.

"The exchange closed in positive territory only on Monday and Friday. On Wednesday, the index even fell below the 2,600-point mark, only to extend its losses on Thursday to its lowest level in roughly the last four months," Wood & Company Barbora Zelena broker told CTK. "Investor activity was rather low during the week; the volume of shares traded was closest to the long-term average on Thursday at CZK600m," she added.

Erste fell by 3.64 percent this week to CZK2,674. Insurance company VIG also saw a significant decline, down 2.23 percent to CZK1,580, while Komercni banka lost 1.95 percent to CZK979.50. Drinks maker Kofola ended the week 1.36 percent lower at CZK507, and engineering firm Doosan Skoda Power was down 1.25 percent to CZK474.

Arms makers also saw losses, with CSG down 0.9 percent to CZK342.90 and Colt down 0.35 percent to CZK859. Moneta Money Bank lost 0.27 percent to CZK183.50 and energy group CEZ wrote off 0.15 percent to CZK1,337.

Primoco posted the biggest gains of the week, rising 10.03 percent to CZK680. "The company released positive preliminary financial results for the first three quarters at the beginning of the week," Zelena noted.

Among other risers, solar power plant maker Photon Energy was up 5.31 percent to CZK6.74, metallurgical firm Gevorkyan up 0.56 percent to CZK181 and tobacco company Philip Morris up 0.44 percent to CZK18,060.

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