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- 2018 highlights - Prague Stock Exchange, Central Securities Depository and POWER EXCHANGE CENTRAL EUROPE
31. 12. 2018
2018 highlights - Prague Stock Exchange, Central Securities Depository and POWER EXCHANGE CENTRAL EUROPE
Prague Stock Exchange
In 2018, the Prague Stock Exchange successfully launched the START market for small and medium-sized companies in the Czech Republic. Five issuers with a total market capitalization of CZK 2.4 billion joined the market in its first year.
Another novelty introduced on 22 May 2018 is a market for dual listings of foreign issues. A total of 32 issues are traded on the market. The most liquid issues on this market in 2018 included Avast with a total volume of CZK 1.409 billion, followed by Stock with a total volume of CZK 0.552 billion. Overall, the trade volumes on the Prague Stock Exchange followed a positive trend in 2018. On the stock market, they experienced year-to year growth of 2.71% to CZK 142.548 billion (CZK 138.8 billion in 2017), while volumes on the bond market grew by 49.15% to CZK 9.266 billion (CZK 6.2 billion in 2017).
In December, the PSE welcomed its 16th member, Erste Group Bank AG, the fourth member to manage its operations from outside the Czech Republic.
The PX index fell by 8.50% year-on-year, the value of the PX-TR index (which includes the dividend yield) fell by 3.54%. The Prague Stock Exchange continues to be the regional leader in terms of dividend yield, which amounted to 5.33%.
Central Securities Depository Prague
The Central Securities Depository received the licence required by the new European CSD Regulation (CSDR). The CSDR aims to harmonize services provided by EU depositories and to increase competition among them for the sake of a wide offer of high-quality services for the participants, issuers and investors. The CSD thus joined other EU depositories already holding this licence.
POWER EXCHANGE CENTRAL EUROPE (PXE)
In 2018, PXE reached a record high volume of electricity trades, 102.2 TWh, thus exceeding the previous record of 48 TWh in 2017. Year-on-year, trading volumes increased by 112%.
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