Bloomberg News

Czech Stocks: Erste Group Bank, Kit Digital, New World Resources

March 26, 2012

The Czech Republic’s PX (PX) stock index fell less than 0.1 percent to 987.5 at the close of trading in Prague, marking a five-day rout, the longest since the period ended Dec. 12.

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

Erste Group Bank AG (EBS) of Austria fell 0.8 percent to 450.5 koruna, its fifth day of declines. Financial companies were among the worst performers in Europe today as concern rose that Spain’s struggle to control its finances may reignite the region’s debt crisis.

Kit Digital Inc. (KITD) increased 6.3 percent, the most since Jan. 6, to 123.25 koruna. The maker of online video software rebounded on speculation its 27 percent drop in the previous session was overdone.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, rose the most in seven weeks. U.S. Federal Reserve Chairman Ben S. Bernanke said an accommodative monetary policy is still needed, spurring global demand for commodities. NWR shares rebounded from a three-month intraday low reached March 23 to climb 4.7 percent to 136 koruna today.

To contact the reporter on this story: Krystof Chamonikolas in Prague at

To contact the editor responsible for this story: Gavin Serkin at

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