Bloomberg News

Czech Stocks: CEZ, New World Resources, Pegas Nonwovens Move

March 15, 2012

The Czech Republic’s PX (PX) stock index fell 0.7 percent to 993.1 at its end of trading in Prague, snapping two days of gains.

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

CEZ AS (CEZ) , the country’s biggest power utility, fell 1.8 percent to 800 koruna. Electricity for next-year delivery in Germany, where CEZ exports part of its output, slid 0.9 percent to 52.35 euros per megawatt-hour.

New World Resources Plc (NWR) lost 3.4 percent to 139.1 koruna, the lowest close since Jan. 25, taking March losses to 12 percent. The biggest Czech producer of coking coal was cut to hold from accumulate at Erste Group Bank AG, which cited a reduced share of more expensive coal in the company’s sales.

Pegas Nonwovens SA (PEGAS) dropped 1.7 percent to 440.5 koruna, the lowest in almost four months. The Czech maker of textiles used in healthcare and hygiene products said today exchange-rate moves caused a fourth-quarter loss.

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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