Shares of the Czechoslovak Group (CSG) arms holding company resumed a sharp decline on the Amsterdam stock exchange on April 10, reaching a historical low of about 21 euros per share. This was reported by ČTK with reference to stock exchange statistics, UNN reports with reference to Radio Prague.
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Shares of other arms companies are also falling in price, which analysts attribute to a Bloomberg report about a possible lull in hostilities in Ukraine.
Shortly before 2:00 PM, CSG shares in Amsterdam were down 5.8% and trading around 22.10 euros. Earlier, they fell by more than 10%, dropping to 21.06 euros – a mark they had never reached before.
Shares of Rheinmetall, Leonardo, Hensoldt, and BAE Systems, which also produce weapons, are also significantly weakening.
Thanks to the sale of shares at the end of January this year, the Czechoslovak Group raised about 3.8 billion euros (92.2 billion crowns). According to analysts, this was the largest initial public offering (IPO) of a defense company in history.
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Today, Bloomberg published an interview with the head of the Office of the President of Ukraine, Kyrylo Budanov. He reported an increase in optimism regarding the cessation of hostilities. Budanov hinted that an agreement to cease fighting could be reached sooner than previously expected.
At the same time, analysts at Vital Knowledge expressed some doubts about a quick breakthrough in the war between Russia and Ukraine, ČTK notes.