Bloomberg News

Czech Stocks: Komercni, Central Europe Media, VIG Move in Prague

May 18, 2012

The Czech Republic’s PX (PX) stock index rose 0.1 percent to 868.80 by the close in Prague.

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

Komercni Banka AS (KOMB) , the Czech unit of Societe Generale SA, fell 0.6 percent to 3,275 koruna. European stocks dropped amid signs of slowing growth in China and concern that Greece will leave the euro area.

Central European Media Enterprises (CETV) slid 3.7 percent to 130.5 koruna. Standard & Poor’s cut the company’s long-term credit rating to CC from B-.

Vienna Insurance Group AG (VIG) climbed 2.1 percent to 709.7 koruna. The stock’s 1.7 percent drop yesterday pushed its 14 day relative strength index to 30. RSI levels at or below 30 indicate to some technical analysts that a stock is oversold. The RSI last stood at 36.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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