Bloomberg News

Czech Stocks: CEZ, Erste Bank, New World Resources Shares Move

September 30, 2011

Sept. 30 (Bloomberg) -- The Czech Republic’s PX stock index fell 0.8 percent to 933.9 at its 4:28 p.m. close in Prague, paring this week’s gains to 8.1 percent. The benchmark has lost 11 percent this month and 24 percent since the end of June.

The following were among the most active stocks in the Czech market today. Stock symbols follow company names.

CEZ AS (CEZ CP), the country’s biggest power utility, retreated 0.5 percent to 710 koruna, reducing its advance this week to 4.6 percent. Electricity for next-year delivery in Germany, where CEZ exports part of its output, slipped 0.8 percent to 56.45 euros per megawatt-hour.

Erste Group Bank AG (RBAG CP) retreated 3 percent to 480 koruna. The Austrian lender was still 18 percent higher this week. It lost 21 percent in September and 44 percent in the third quarter. Banks led European shares lower as reports showing contractions in Chinese manufacturing and German retail sales added to concern the global economy is slowing.

New World Resources Plc (NWR CP), the biggest supplier of coal to steelmakers in the Czech Republic, slumped 2.4 percent to 131.8 koruna, its second day of declines. Europe’s benchmark futures contracts for the commodity fell the first day in four.

--Editors: Linda Shen, Ana Monteiro

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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