Bloomberg News

Erste Leads Czech Stocks Higher on China Pledge, German Economy

February 15, 2012

Feb. 15 (Bloomberg) -- Erste Group Bank AG led Czech stocks higher after China’s pledge to invest in Europe’s bailout fund and better-than-expected economic data from Germany and France boosted demand for riskier assets.

Erste climbed 2.9 percent to 473.4 koruna by 9:37 a.m. in Prague, after yesterday’s 3.1 percent loss. That made it the best performer in the PX equity gauge today, which advanced 0.9 percent. Erste has a 22 percent weighting in the benchmark.

--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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