Bloomberg News

Czech Stocks: CEZ, Erste Group, Komercni Banka Move in Budapest

April 16, 2012

The Czech Republic’s PX (PX) stock index fell for a second day to almost a three-month low, dropping 1.2 percent to 919.30 at the close in Prague.

The following were among the most active stocks in the Czech market today. Stock symbols follow company names.

CEZ AS (CEZ) , the country’s biggest power producer, slid 2.5 percent to 753.5 koruna. Electricity prices for next-year delivery in Germany, where the company exports part of its output, fell 1.2 percent to 51.05 euros per megawatt-hour, a two-month low.

Erste Group Bank AG (EBS) of Austria lost 2.3 percent to 384 koruna while Komercni Banka AS (KOMB) , the Czech unit of Societe Generale SA, dropped 1 percent to 3,561 koruna. Financial stocks were among the worst performers in Europe today as Spanish bond yields rose to a four-month high, nearing levels that prompted Greece, Ireland and Portugal to seek bailouts.

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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