Bloomberg News

Czech Stocks: CEZ, Erste Group, Komercni Banka, New World Move

April 11, 2012

The Czech Republic’s PX (PX) stock index jumped the most in six weeks, rising 1.5 percent to 939.70 at its close in Prague, rebounding from an almost three-month low.

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 0.4 percent to 784 koruna. Electricity for next-year delivery in Germany, where CEZ exports part of its output, dropped for a second day to 51.20 euros per megawatt-hour, a two-month low.

Komercni Banka AS (KOMB) , a unit of Societe Generale SA, added 1.4 percent to 3,611 koruna, the highest close in a week. Austria’s Erste Group Bank AG (RBAG) surged 5.1 percent to 401.5 koruna. Financial stocks led a rally in European shares after Alcoa Inc. opened the earnings season with an unexpected profit and Spanish and Italian bonds rebounded.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, rebounded from the lowest in almost four months, gaining 0.9 percent to 126.5 koruna. Commodities rallied as car sales in China and Japanese machinery orders exceeded analysts’ estimates and the European Central Bank signaled it may revive purchases of Spanish bonds.

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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