Bloomberg News

Czech Stocks: AAA Auto, Erste Group Bank, New World Resources

October 05, 2011

Oct. 5 (Bloomberg) -- The Czech Republic’s PX stock index snapped a three-day decline, rising 0.9 percent to 899.4 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.

AAA Auto Group NV (AAA CP) rose 3.5 percent to 18 koruna, ending three days of losses. The Czech used-car dealer said today Chief Executive Officer Anthony Denny bought 17,875 shares of the company this week.

Erste Group Bank AG (RBAG CP) of Austria jumped 5.7 percent to 445.2 koruna after losing 17 percent in the previous four sessions. European shares rose amid speculation policy makers are examining measures to shield banks from the region’s government-debt crisis.

New World Resources Plc (NWR CP), the biggest coking-coal producer in the Czech Republic, increased 1.3 percent to 123.5 koruna, after earlier rising as much as 6.6 percent. The stock lost 13 percent in the previous four sessions, pushing the 14- day relative strength index to 29 at yesterday’s close. Readings lower than thirty suggest to technical analysts a security or an index may increase. The RSI rose to 31 today.

--Editors: Linda Shen, Peter Branton

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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