Prague Stock Exchange sees biggest growth since 1993

Share-prices on the Prague Stock Exchange rose by 8.42% to 1,523.4 points on Thursday. This is the biggest growth posted since the Autumn of 1993. The rise meant that the loss accumulated on the Prague Stock Exchange since the beginning of the year was brought down to 16.1%. Both energy-giant ČEZ and Telefonica O2 gained over 10% in the course of the day’s trading. Analysts said that the panic selling seen in the last couple of days had given way to a buying frenzy on the Prague bourse. Experts recommended, however, that investors remain cautious, as concern about a possible recession in the USA persists.