Bloomberg News

Czech Stocks: CEZ, New World Resources, Orco Property Group Move

October 17, 2011

Oct. 17 (Bloomberg) -- The Czech Republic’s PX stock index fell for a third day, retreating 1.9 percent to 918 at its 4:28 p.m. close in Prague.

The following were among the most active equities on the Prague Stock Exchange today. Stock symbols follow company names.

CEZ AS (CEZ CP), the country’s biggest power utility, fell 3.2 percent to 730 koruna, its biggest one-day drop in more than three weeks. Power for next-year delivery in Germany, where CEZ exports some of its output, slid for a third day to 55.70 euros per megawatt-hour, headed for the contract’s seven-month low.

New World Resources Plc (NWR CP), the largest Czech coking- coal producer, fell 2.5 percent to 140 koruna, its biggest one- day drop in almost two weeks. Europe’s benchmark coal futures contracts slid for a third day to $118.75 a metric ton in the Netherlands.

Orco Property Group SA (ORCO CP) increased 5 percent to 105 koruna, after earlier rising as much as 12 percent. The Czech developer said today it completed a sale of assets in Russia for 53 million euros ($74 million).

--Editors: Peter Branton, Tim Farrand

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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