Bloomberg News

Czech Stocks: CEZ, Komercni, New World Resources Move in Prague

April 24, 2012

The Czech Republic’s PX (PX) stock index jumped the most in two weeks, rising 1.2 percent to 922.10 at the close in Prague, rebounding from a 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 biggest Czech power utility, gained 1.7 percent to 772 koruna, its biggest advance in a week. New World Resources Plc (NWR) , the biggest coking-coal producer, rebounded from the lowest in almost three years, rising 2.5 percent to 124.5 koruna.

Global stocks rallied on better-than-estimated earnings and data indicating that the American housing market is stabilizing.

Komercni Banka AS (KOMB) , a unit of Societe Generale SA, added 1.1 percent to 3,350 koruna. It fell 3.1 percent yesterday to a more than three-month low, driving its 14-day relative strength index to 25. Readings below 30 suggest to technical analysis a security may gain. The RSI increased to 30 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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