Bloomberg News

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

October 03, 2011

Oct. 3 (Bloomberg) -- The Czech Republic’s PX stock index declined for a second day, losing 1.8 percent to 917.6 at its 4:28 p.m. close in Prague.

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

CEZ AS (CEZ CP), the country’s biggest power utility, fell 0.8 percent to 704.5 koruna. Electricity for next-year delivery in Germany, where CEZ exports part of its output, slid 1.2 percent to 55.75 euros per megawatt-hour, headed for the futures contract’s lowest close since March 11.

Erste Group Bank AG (RBAG CP) retreated 6.3 percent to 450 koruna. The Austrian bank had the price estimate for its Vienna- traded shares lowered by 22 percent to 35 euros at Goldman Sachs Group Inc. late on Sept. 30.

New World Resources Plc (NWR CP) lost 3.6 percent to 127 koruna. The Czech Republic’s biggest coking-coal producer had the price estimate for its London-traded shares lowered to 850 pence from 1,250 pence at Morgan Stanley today. Benchmark coal futures contracts fell to $120 a metric ton in the Netherlands, headed for the lowest close since Feb. 18.

--Editors: Peter Branton, Gavin Serkin

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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