Bloomberg News

Czech Stocks: Erste Group, New World Resources, Vienna Insurance

April 27, 2012

The Czech Republic’s PX (PX) stock index rose 0.5 percent to 935 at the close in Prague. The gauge gained 0.9 percent this week, paring April losses to 3.9 percent.

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

Vienna Insurance Group AG (VIG) climbed 2.5 percent to 766.5 koruna and Erste Group Bank AG (EBS) of Austria added 0.6 percent to 426 koruna. Financial stocks were among the best performers in Europe as results from Vinci SA to Sandvik AB topped estimates, overshadowing slower U.S. economic growth than forecast.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, rose 1.2 percent to 127.63 koruna, paring its April losses to 3.7 percent. Deutsche Bank AG raised the stock to hold from sell today, citing an improved outlook for the commodity’s price and sales.

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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