Bloomberg News

Orco Property Heads for Longest Stretch of Gains in Three Years

February 03, 2012

Feb. 2 (Bloomberg) -- Orco Property Group SA, a developer overhauling its business and debt under a court-approved plan, rose for a seventh day in Czech trading, headed for its longest streak of gains in three years.

The stock traded up 5.9 percent to 108 koruna by 9:48 a.m. in Prague. A close at that level would be Orco’s highest since Sept. 21 and would mark the longest rally since the seven days ended Jan. 7, 2009, according to data compiled by Bloomberg.

--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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