Vladimír Urbánek (Kurzy.cz)
Markets  |  April 12, 2013 16:42:30

Czech Republic - Summary 4.12 - Europe took a relaxing time, PSE finally close to zero because of ČEZ and HC2, drop CETV


The Prague Stock Exchange ended 15th week reduced liquidity and a weakening of most major titles with the exception of HC2.

The general mood in European markets was negative today. After a series of growths was time for a correction supported by some negative news and expectations tuned. Fears aroused report an increase in the range of Cypriot damage. Euro area finance ministers will gather again today regarding the solution of the Cyprus crisis and will negotiate the release of previously agreed funds. The situation is complicated by the Cypriot government in a statement to the effect that the total amount needed to avert bankruptcy will still be about 6 billion USDhigher, roughly by more than a third. EU leaders have already suggested that the necessary resources will be fully in Cyprus, which no one can not help any more, if properly nezasnaží itself. Negatively most of the day she was also the expectations of a negative surprise for the development of retail sales in the U.S.. Concerns in the late afternoon proved justified, because sales unexpectedly fell and now most over the last nine months. Negative mood in turn supported by the data on the decline in consumer confidence. The U.S. economy is certainly not out of the woods, drop in government spending will be difficult to catch up.
Positive surprises for the development of industrial production in the euro area and in India today played a significant role.

On the domestic scene, nearly all trade takes place in the main 'catchment' foursome. Against significant correction Erste and stagnant KB, which was now the last day of qualifying for the dividend is built interested in CEZ and HC2. The latter title responds to reports about the performance of new, cheaper tariffs that now permeates across all operators. It is obvious that it is a preparation for the entry of a new operator and an effort to prevent any abrupt changes, although probably at the cost of reducing the level of margins. It is possible and more likely that operators will be even more pressure on cost savings and thus its profitability again support.
Significant correction today passed CME shares that are falling deeper again below 90 CZK.

Daily commentary on events in the markets:
Brief situations Wall Street: opening 04.12
12.h - Europe substantially corrected before the U.S. ...

Exchange Online 4:27:26 p.m.
Name Course Change Volume Yesterday
AAA Auto 23.90    1.27% 0.68 million 23.60
CME CME 86.50    -5.05% 5.29 million 91.10
ČEZ 590.00    1.72% 123.12 million 580.00
ERSTE BANK GROUP 619.60   -3.34% 128.82 million 641.00
FORTUNA 99.10    1.12% 4.12 million 98.00
COMMERCIAL BANK 3800.00    -0.11% 242.24 million 3804.00
NWR 66.00    -1.49% 7.55 million 67.00
Orco Group 54.95    -1.88% 1.91 million 56.00
PEGAS NONWOVENS 520.00    0.21% 0.33 million 518.90
PHILIP MORRIS CR 11,700.00    -0.26% 3.22 million 11,730.00
TELEFÓNICA O2 284.00   1.72% 43.65 million 279.20
Unipetrol 171.00    0.59% 1.37 million 170.00
VIG 992.00    1.22% 1.86 million 980.00
TOTAL   564.16million




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ČR - souhrn 12.4. - Evropa si vzala oddychový time, BCPP nakonec těsně u nuly díky ČEZ a TO2, propad CETV

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