Bloomberg News

Czech Stocks: Erste Group Bank, Telefonica Czech Republic Move

February 20, 2012

Feb. 20 (Bloomberg) -- The Czech Republic’s PX stock index rose for a second day, adding 0.3 percent to 1,018.2 at the close in Prague.

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

Telefonica Czech Republic AS (SPTT CP) rose 0.2 percent to 393 koruna. The phone company reported better-than-estimated fourth-quarter profit on Feb. 17 and Goldman Sachs Group Inc. raised its price estimate for the shares to 440 koruna from 400 koruna.

Erste Group Bank AG (RBAG CP) increased 2.5 percent to 478.1 koruna as euro-area finance ministers met to discuss a Greek bailout and as China cut banks’ reserve requirements.

--With assistance from Krystof Chamonikolas in Prague, Editors: Linda Shen, James Kraus

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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