Unipetrol AS (UNIP), the biggest Czech oil refiner, rose to a five-week high as a reports showed the country’s economy contracted less than initially estimated, signalling higher demand for fuel.
The stock advanced as much as 1.5 percent to 175 koruna, its highest intraday price since Feb. 3, before trading up 0.6 percent at 173.5 koruna by 12:16 p.m. in Prague. The PX (PX) gauge of 14 companies rose 0.1 percent.
Gross domestic product shrank 0.1 percent in the fourth quarter from the previous three months, the Czech Statistics Office said today, revising its earlier estimate for a 0.3 percent drop.
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