Bloomberg News

Czech Stocks Jump Third Week to Five-Month High After U.S. Jobs

February 03, 2012

Feb. 3 (Bloomberg) -- Czech stocks surged for a third week, reaching the highest in five months, after a report showed U.S. payrolls increased more than forecast, boosting demand for riskier assets.

The PX equity gauge jumped 1.1 percent to 1,009.80 at 4:28 p.m. in Prague, the first time it closed above 1,000 since Sept. 8. The benchmark added 4.3 percent in the week and 11 percent this year.

New World Resources Plc, the country’s biggest coking-coal producer, jumped 4 percent to 160 koruna. Orco Property Group SA and Central European Media Enterprises Ltd. climbed more than 10 percent, making them best performers in the index today.

--Editors: Peter Branton, Linda Shen

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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