Bloomberg News

Czech Shares Jump to Highest in Two Months, Pare 2011 Losses

December 30, 2011

Dec. 30 (Bloomberg) -- The Czech equity index rose to its highest in almost two months, paring its second-biggest yearly decline in 16 years as Vienna Insurance Group AG and Komercni Banka AS led gains.

The PX gauge rose 0.6 percent today to 911.1 at the end of trading in Prague, the highest close since Nov. 4. The benchmark ended the year 26 percent lower, the second-biggest slump since Bloomberg started tracking it in 1995. There was a 53 percent decline in 2008.

Austria’s VIG gained 3.9 percent to 799.9 koruna, reducing 2011 losses to 20 percent. Komercni Banka, the Czech unit of Societe Generale SA, added 0.7 percent to 3,330 koruna, bringing its 12-month drop to 25 percent.

--Editors: Linda Shen, 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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