Bloomberg News

Erste Leads Czech Shares Up From Two-Month Low Before EU Summit

March 30, 2012

Erste Group Bank AG (EBS) snapped eight days of declines in Czech trading, leading a rebound for the country’s equity index from a two-month low as euro-region finance ministers meet to discuss increasing rescue funds.

The stock climbed 1.9 percent to 429 koruna by 11:28 a.m. in Prague, after tumbling 9.3 percent in the previous eight sessions, the longest losing stretch in more than three years. The PX (PX) gauge, where Erste has a 19 percent weighting, rose 0.7 percent today.

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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