Vladimír Urbánek (Kurzy.cz)
Markets  |  April 09, 2013 17:14:07

Czech Republic - Summary 4.9 - Light signs of growth in bank and CEZ shares HC2 fell by a further 5%

The Prague Stock Exchange today on continued only slightly increased average liquidity and thus differed from most European markets. Those Although most of the day moving slightly in the black, but later in the afternoon went on the lighter correction. Positively reflected mainly reports of falling rises in China and the results of Alcoa yesterday that quite successfully launched new Result carousel, this time, therefore, for 1Q2013.
Falling inflationChina gives space to the local government for possible further stimulate the economy. This, together with the growth in the U.S. should be relatively solid macroeconomic foundation for global economic development.
Alcoa is according to analysts, is not the best litmus test for the development of the whole quarter, though its results may in this case presage a relatively good quarter. Especially encouraging was the fact that the company was able to deal with a relatively sharp decline in aluminum prices on world markets, which from the beginning of the year exceeded 9%. Analysts also positively evaluated significant reduction estimates overproduction of this year downward pressure on prices to fall further.
Today were mainly negative macroeconomic news from the euro zone showing a larger than expected decline in German exports. Negative mood in this regard, partly cushioned the improvement activities of the manufacturing sector of Great Britain. Afternoon change of mood apparently brought to the markets of the U.S. Fed chief Ben Bernanke when he said that the Fed will increasingly put pressure on the banking system in order to improve the general level and the level of liquidity risk management. According to Bernanke regulators will further push to reduce dependence on commercial banks' wholesale sources. " Bernanke also noted that once the Fed starts tightening the monetary taps becoming the most likely growth primarily through base rates. These commentaries market perceives as a possible preparation for the future "exit".

On the domestic scene today were active primarily in stocks of banks and CEZ. Banks followed the positive development of the sector in Europe. Action against their shares substantially built HC2, which falls after the announcement of the CTO for nearly 5%. Office indicated that its priorotou is to increase competition in the domestic telecommunications market, investors are taking a negative signal for the existing operators. Shares HC2 lost during the last month for nearly 20% of its value and the current net dividend yield at the proposed 30 CZKalready exceeds 10%.
Too today failed volatile CME shares.

Daily commentary on events in the markets:
Brief situation of Wall Street opening 9.4
12.h - Europe in the black thanks to the Chinese inflation, PSE ...

Stock Conclusion 9 April 2013 16:30
Name Course Change Volume Yesterday
AAA Auto 23.45    0.64% 2.18 million 23.30
CME CME 78.45    -1.32% 3.78 million 79.50
ČEZ 579.80    2.20% 212.99 million 567.30
Erste Group Bank 585.20    3.10% 76.25 million 567.60
FORTUNA 98.50    -0.30% 8.78 million 98.80
COMMERCIAL BANK 3750.00    1.08% 157.12 million 3710.00
NWR 67.65    -0.07% 8.16 million 67.70
ORCO GROUP 53.95    -1.37% 0.16 million 54.70
PEGAS NONWOVENS 512.00    1.39% 3.05 million 505.00
PHILIP MORRIS CR 11,700.00    0.39% 3.63 million 11,654.00
Telefónica O2 268.50    -4.65% 154.53 million 281.60
Unipetrol 171.50    0.00% 9.28 million 171.50
VIG 949.80    -1.25% 5.39 million 961.80
TOTAL  645.31 million

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ČR - souhrn 9.4. - lehký růst ve znamení bank a ČEZ, akcie TO2 propadly o dalších 5%

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