Bloomberg News

Czech Stocks: AAA Auto Group, Erste Group Bank Shares Are Active

November 16, 2011

Nov. 16 (Bloomberg) -- The Czech Republic’s PX stock index fell for a third day, sliding 0.6 percent to 886.4, its lowest in almost two months, by the 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 0.6 percent to 18.11 koruna, after earlier jumping as much as 5.5 percent. The Czech chain of used-car dealerships said today net income for the nine months ended Sept. 30 rose 53 percent from a year earlier.

Erste Group Bank AG (RBAG CP), an Austrian lender, fell 3.5 percent to 348.5 koruna, the lowest close since April 2009. Austria’s debt-reduction efforts are lagging other countries and its banks’ presence in eastern Europe is “an issue for the banks and for the country,” Standard & Poor’s analyst Alois Strasser was quoted as saying by Wiener Zeitung newspaper.

--Editors: Peter Branton, Ash Kumar

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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