Bloomberg News

Czech Stocks: Erste Group, Komercni Banka, New World Resources

March 05, 2012

The Czech Republic’s PX (PX) stock index fell 1.5 percent to 1,003 at its close in Prague.

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

Komercni Banka AS (KOMB) dropped 2.4 percent to 3,630 koruna, snapping a four-day rally. Austria’s Erste Group Bank AG (EBS) also fell 2.4 percent. European stocks declined as China lowered its economic-growth forecast and data showed that euro-area manufacturing and services shrank more than estimated.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, slid 2 percent to 153.8 koruna, its third day of declines. Commodities and mining stocks retreated as China, the world’s second-largest economy, cut its growth target to the slowest pace since 2004.

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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