Bloomberg News

Czech Stocks: Central European Media, CEZ, NWR, Unipetrol Move

October 21, 2011

Oct. 21 (Bloomberg) -- The Czech Republic’s PX equity index advanced 1.7 percent to 931.3 at its 4:24 p.m. close in Prague, reducing this week’s losses to 0.5 percent.

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

Central European Media Enterprises Ltd. (CETV CP) advanced 8.5 percent to 182.1 koruna, its biggest one-day gain since May 2010. The television broadcaster partly owned by Time Warner Inc. is “comfortable” with analysts’ full-year earnings estimates, Chief Executive Officer Adrian Sarbu said.

CEZ AS (CEZ CP), the country’s biggest power utility, rose 2.8 percent to 742.1 koruna, ending a five-day rout. Electricity for next-year delivery in neighboring Germany, where CEZ exports part of its output, rebounded from the lowest in seven months, rising 0.6 percent to 55.05 euros per megawatt-hour.

New World Resources Plc (NWR CP), the biggest coking-coal producer in the Czech Republic, increased 1.6 percent to 140.3 koruna, paring this week’s losses to 2.2 percent. Europe’s benchmark coal futures contracts rebounded from a 10-month low, rising 2.9 percent to $117.22 a metric ton in the Netherlands, the biggest rally in seven months.

Unipetrol AS (UNIP CP) fell 0.5 percent to 171.84 koruna, snapping two days of gains. The biggest Czech oil refiner said it will have a third-quarter loss before interest and taxes, wiping out profit from the previous three months.

--Editors: Ana Monteiro, 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


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus