Bloomberg News

Czech Stocks: CEZ, Erste Group, New World, Komercni Banka Move

November 01, 2011

Nov. 1 (Bloomberg) -- The Czech Republic’s PX equity index dropped 3.6 percent to 897.3 at its 4:25 p.m. close in Prague, the lowest in four weeks.

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

CEZ AS (CEZ CP), the country’s biggest power producer, slid 2.4 percent to 741.9 koruna. Electricity for next-year delivery in neighboring Germany, where CEZ exports part of its output, fell to 54.40 euros per megawatt-hour, headed for the contract’s lowest close since March 11.

Erste Group Bank AG (RBAG CP), an Austrian lender, declined 4.8 percent to 375.9 koruna, its lowest close since April 2009. Komercni Banka AS (KOMB CP), the Czech unit of Societe Generale SA, slid 6 percent, the most in 1 1/2 months, to 3,259 koruna. Banks led global shares lower after the announcement of a Greek referendum renewed concern the nation may default.

New World Resources Plc (NWR CP), the biggest coking-coal producer in the Czech Republic, slumped 6.1 percent, the most since Sept. 22, to 142.49 koruna. Europe’s benchmark coal futures contracts slumped 3.1 percent, the most since May 2010, to $116 a metric ton in the Netherlands.

--Editors: Peter Branton, Stephen Kirkland

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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