Bloomberg News

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

December 06, 2011

Dec. 6 (Bloomberg) -- The Czech Republic’s PX equity index declined 1.2 percent to 889.9 at the close in Prague, retreating from a three-week high.

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 1.7 percent to 746 koruna, after it rose yesterday to a three- week high. Electricity for next-year delivery in Germany, where the company exports part of its output, fell as much as 0.5 percent to 51.75 euros per megawatt-hour, the lowest intraday level since Feb. 16.

Erste Group Bank AG (RBAG CP) of Austria slid 2.2 percent to 341.1 koruna, after rising 4.7 percent yesterday. Komercni Banka AS (KOMB CP), the Czech unit of Societe Generale SA, fell 1.9 percent to 3,320 koruna. Financial stocks retreated after Standard & Poor’s said it may cut the credit ratings of 15 euro- area nations, including France and Germany.

New World Resources Plc (NWR CP), the biggest coking-coal producer in the Czech Republic, fell 1.4 percent to 133 koruna as oil, copper and other commodities dropped. Europe’s benchmark coal futures contracts slid 0.4 percent to $115.5 a metric ton.

--Editors: Linda Shen, 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


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