Bloomberg News

Komercni Banka Gains 4th Day on Europe Bailout, Goldman Report

By Krystof Chamonikolas
March 02, 2012

Komercni Banka AS (KOMB), the Czech unit of Societe Generale SA, rose for a fourth day as European leaders agreed to accelerate payments to a bailout fund and Goldman Sachs Group Inc. raised the region’s banks to “overweight.”

The stock increased 0.9 percent to 3,727 koruna as of 9:49 a.m. in Prague, extending this week’s rally to 2.4 percent. The 14-member PX (PX) index, where Komercni has a 17 percent weighting, rose 0.3 percent today and 2 percent so far this week.

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

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus