Bloomberg News

Czech Stocks: AAA Auto, Erste Group, Komercni Banka, New World

October 06, 2011

Oct. 6 (Bloomberg) -- The Czech Republic’s PX stock index climbed the most in almost two weeks, rising 4.2 percent to 937.2 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) increased 3.3 percent to 17.99 koruna after the Czech used-car dealer said it sold 14.4 percent more vehicles between January and September than a year earlier.

Erste Group Bank AG (RBAG CP) of Austria jumped 10 percent to 490.5 koruna. Komercni Banka AS (KOMB CP), the Czech unit of Societe Generale SA, rose 5.3 percent to 3,439 koruna.

Financial stocks were among the biggest gainers in Europe amid speculation the euro area’s debt crisis will be contained and policy makers will shield banks with capital injections.

New World Resources Plc (NWR CP), the biggest coking-coal producer in the Czech Republic, increased 6.1 percent, the most in almost two months, to 131 koruna. Coal futures contracts rose for a second day to $119.6 a metric ton in the Netherlands.

--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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