Bloomberg News

Czech Stocks: CEZ, Telefonica Czech, New World Resources Move

February 17, 2012

Feb. 17 (Bloomberg) -- The Czech Republic’s PX stock index rose 2 percent to 1,015.4 at its close in Prague, extending this week’s gains to 2.5 percent.

The following were among the most active equities on the Prague Stock Exchange today. Stock symbols follow company names.

CEZ AS (CEZ CP), the country’s biggest power utility, added 2.6 percent to 840 koruna, its highest in more than six months. Electricity for next-year delivery in Germany, where CEZ exports part of its output, rose 2 percent this week to 52.75 euros per megawatt-hour.

New World Resources Plc (NWR CP), the biggest Czech coking- coal producer, jumped 4.6 percent, the most since Feb. 2, to 159 koruna. Commodities rallied, lifting benchmark coal derivatives 1.3 percent to $114.25 a metric ton in the Netherlands.

Telefonica Czech Republic AS (SPTT CP) rose the most since October 2008, adding 7.2 percent to 392.2 koruna, after the phone company’s fourth-quarter profit beat analysts’ estimates.

--Editors: Linda Shen, Alex Nicholson

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


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus