Bloomberg News

Czech Stocks: Central European Media, Erste, New World Resources

October 24, 2011

Oct. 24 (Bloomberg) -- The Czech Republic’s PX stock index increased 1 percent to 940.3 at its 4:28 p.m. close in Prague, its second day of gains.

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

Central European Media Enterprises Ltd. (CETV CP) advanced 6.1 percent to 203.9 koruna, extending an 8.5 percent gain in the previous session. The broadcaster, part-owned by Time Warner Inc., is “comfortable” with analysts’ full-year earnings estimates, Chief Executive Officer Adrian Sarbu said on Oct. 21.

Erste Group Bank AG (RBAG CP) of Austria jumped 2.5 percent to 405 koruna, the highest closing price since Oct. 14, as euro- area leaders made progress in debt-crisis talks.

New World Resources Plc (NWR CP) advanced to its highest in a month, rising 3.1 percent to 144.8 koruna. Europe’s benchmark coal futures contracts increased 0.7 percent to $118.05 a metric ton in the Netherlands.

--Editors: Linda Shen, 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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