CEZ Rebounds From Five-Week Low as Electricity Price Increases

CEZ AS (CEZ), the biggest power utility in the Czech Republic, rose from its lowest in more than five weeks as the price of electricity increased.

The stock gained 0.6 percent to 802 koruna by 12:09 p.m. in Prague. Next-year power in Germany, where CEZ exports part of its output, advanced 0.2 percent to 52.15 euros per megawatt- hour, snapping a two-day decline.

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