The Prague Stock Exchange rose for the third consecutive day on Tuesday, with the PX index returning above 2,800 points. The Ministry of Finance is once again offering Republic bonds to small investors. Oil prices are falling, which could bring relief at gas stations after the summer price increases for fuels.
The Prague Stock Exchange rose for the third consecutive day, and the PX index returned above 2,800 points after approximately three weeks. On Tuesday, it increased by 0.35 percent to 2,804.11 points. Shares of Erste Bank, Komerční banka, and the energy company ČEZ also rose.
The Ministry of Finance has once again included Republic bonds in its offering for small investors. Republic bonds are available through Česká pošta (the Czech Post), selected banks, and an online portal. Their yield is linked to the CNB (Czech National Bank) repo rate, which has been at 3.75 percent since June, making them currently one of the more attractive conservative savings instruments for retail investors.
Oil prices have been falling in recent days, slightly reducing pressure on fuel prices at gas stations. After the price increases in July and August due to geopolitical tensions in the Middle East and the end of government price regulation, cheaper oil is the first sign of a possible stabilization of the situation at gas stations.
gnews.cz - GH