The PX Index (until March 2006 the PX 50) is a

capitalization-weighted index A capitalization-weighted (or cap-weighted) index, also called a market-value-weighted index is a stock market index whose components are weighted according to the total market value of their outstanding shares. Every day an individual stock's ...

of major stocks that trade on the

Prague Stock Exchange Prague Stock Exchange (PSE; cs, Burza cenných papírů Praha (BCPP)) is the largest and oldest securities market organizer in the Czech Republic. After a 50-year hiatus brought about by World War II and the Communist regime, it was reopened in ...

. Selected as the starting exchange day (a benchmark date) for the Index PX 50 was 5 April 1994 and its opening value was fixed at 1,000 points. At this time the index included 50 companies traded on the Prague Stock Exchange, accordingly named PX 50. In 2014 Prague Stock Exchange introduced

total return index A total return index is an index that measures the performance of a group of components by assuming that all cash distributions are reinvested, in addition to tracking the components' price movements.

PX-TR, that share same base as PX Index, but unlike PX index take into account

dividends A dividend is a distribution of profits by a corporation to its shareholders. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-i ...

History

PX-50

After an initial boom encouraged by

voucher privatization Voucher privatization is a privatization method where citizens are given or can inexpensively buy a book of vouchers that represent potential shares in any state-owned company. Voucher privatization has mainly been used in the early to mid-1990s i ...

(the top was in February 1994 retroactively calculated on 1245 points) the index started to decline fast, and ended the year 1994 with 557 points. In 1995 the decline continued (influenced by the Mexican crisis, that discouraged foreign investors from emerging markets) and the index reached its first bottom on 29 June with 387 points. Then the index increased slowly and ended the year 1995 with 426 points. The slow increase continued in 1996 and the index reached its second top on 25 February 1997 with 629 points. In 1998 influenced by

1998 Russian financial crisis The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had s ...

the index reached its historical bottom on 8 October with 316 points. In 1999 the index emerged back to 500 points. With the help of the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Comp ...

and starting banks privatization, the index reached its second top on 24 March 2000 with 691 points. With the end of dot-com bubble and the IPB Bank crisis, the index declined back to 500 points. In 2001, the index slightly decreased and with the help of the influence of the

September 11, 2001 attacks The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commerc ...

reached bottom on 17 September with 320 points. In 2002, the index slowly increased back to 500 points. In 2003 the index was rising, and ended the year with 659 points. With the help of the Czech Republic

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been ...

accession, the index continued rising in 2004. It reached 1000 points on 19 November and ended the year with 1032 points. The index continued rising in 2005 and ended the year with 1473 points.

PX index

On 20 March 2006 the PN 50 index was merged with PX-D into the PX index. The index reached bottom on 13 June with 1167 points after

legislative elections A general election is a political voting election where generally all or most members of a given political body are chosen. These are usually held for a nation, state, or territory's primary legislative body, and are different from by-elections ...

, but ended the year with 1589 points. On 29 October 2007 it reached its top with 1936 points and ended the year with 1815 points. As result of

financial crisis A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and man ...

reached 700 points on 27 October 2008, losing 50% of its value in two months, second financial crisis based bottom was reached on 18 February 2009 with 629 points. ! 1994 , , 1995 , , 1996 , , 1997 , , 1998 , , 1999 , , 2000 , , 2001 , , 2002 , , 2003 , , 2004 , , 2005 , , 2006 , , 2007 , , 2008 , , 2009 , , 2010 , , 2011 , , 2012 , , 2013 , , 2014 , , 2015 , , 2016PX Index: Historical Data
/ref> , , 2017 , , 2018 , , 2019PX Index: Historical Data
/ref> , , 2020PX Index: Price data
/ref> , - , 1,245 , , 587 , , 582 , , 629 , , 517 , , 526 , , 691 , , 515 , , 479 , , 659 , , 1,032 , , 1,478 , , 1,626 , , 1,936 , , 1,808 , , 1,195 , , 1,315 , , 1,275 , , 1,041 , , 1,066 , , 1,046 , , 1,058 , , 954 , , 1,087 , , 1,140 , , 1,119 , , 1,142 , - , 541 , , 387 , , 438 , , 459 , , 316 , , 333 , , 410 , , 320 , , 388 , , 460 , , 662 , , 1,051 , , 1,167 , , 1,565 , , 700 , , 629 , , 1093 , , 843 , , 859 , , 853 , , 901 , , 846 , , 819 , , 919 , , 978 , , 989 , , 690

PX Index base

The components as of March 2020 are sorted by reduced market capitalization:PSE: PX Index Base
/ref> *

ERSTE BANK Erste Group Bank AG (Erste Group) is an Austrian financial service provider in Central and Eastern Europe serving 15.7 million clients in over 2,700 branches in seven countries. History Erste Group was founded in October 1819 as ''Erste österr ...

(ISIN: AT0000652011) * ČEZ (ISIN: CZ0005112300) * KOMERČNÍ BANKA (ISIN: CZ0008019106) * (ISIN: CZ0008040318) - since 2016 * VIG (ISIN: AT0000908504) *

AVAST Avast Software s.r.o. is a Czech multinational cybersecurity software company headquartered in Prague, Czech Republic that researches and develops computer security software, machine learning and artificial intelligence. Avast has more than ...

(ISIN: GB00BDD85M81) - since 2018 * (ISIN: CS0008418869) *

STOCK In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

(ISIN: GB00BF5SDZ96) * (ISIN: LU0275164910) * (ISIN: CZ0009000121)

Past

* O2 C.R. (ISIN: CZ0009093209) - removed in 2022 * CETV (ISIN: BMG200452024) - removed in 2020 *

UNIPETROL Orlen Unipetrol is a Czech joint stock company owned by a Polish oil company PKN Orlen. The company is engaged in crude oil processing and the production, distribution and sales of fuels and petrochemical products – mainly plastics and fertil ...

(ISIN: CZ0009091500) - removed in 2018 * (ISIN: CZ0005124420) - removed in 2016 * NWR (ISIN: GB00B42CTW68) - removed in 2016 *

ORCO The Orco ( pms, Eva d'òr, that is lit. ''Water of gold''; la, Orgus) is an Italian river. It originates in the Piedmontese slopes of Gran Paradiso and after about reaches the Po river near Chivasso, in the Metropolitan City of Turin. Its dra ...

(ISIN: LU0122624777) - removed in 2014 * TMR (ISIN: SK1120010287) - removed in 2014 * (ISIN: NL0006033375) - removed in 2013 * KITD (ISIN: US4824702009) - removed in 2012 *

ECM ECM may refer to: Economics and commerce * Engineering change management * Equity capital markets * Error correction model, an econometric model * European Common Market Mathematics * Elliptic curve method * European Congress of Mathematics ...

(ISIN: LU0259919230) - removed in 2011 *

ZENTIVA Zentiva is a pharmaceutical company based in Prague, Czech Republic. The company is developing, manufacturing and marketing a wide range of generic and OTC products. Zentiva employs more than 4 700 people across Europe and has three manufacturin ...

(ISIN: NL0000405173) - removed in 2009

PX-TR

In March 2014 Prague Stock Exchange introduced new total return index PX-TR. The index shares same base as PX index, but unlike PX index take into account

. As the starting exchange day (a benchmark date) was selected 20 March 2006, when PX-50 and PX-D were merged. Main aim of creation of PX-TR index was to promote above average

dividend yield The dividend yield or dividend–price ratio of a share is the dividend per share, divided by the price per share. It is also a company's total annual dividend payments divided by its market capitalization, assuming the number of shares is constant ...

of Prague Stock Exchange.PSE: Pražská burza zahájí výpočet Total Return Indexu PX
/ref>

References

External links

Prague Stock Exchange - Exchange IndicesBloomberg page for PX:IND
{{PX companies European stock market indices Economy of the Czech Republic