Bloomberg News

VIG, Erste Group Lead Czech Shares’ Rebound From Five-Month Low

May 29, 2012

Vienna Insurance Group AG (VIG) and Erste Group Bank AG (RBAG) led a rebound for the Czech stock index from its lowest in five months as optimism China will boost economic growth drove investors to riskier assets.

VIG jumped 3.1 percent to 745 koruna and Erste climbed 1.4 percent to 373 koruna by 9:47 a.m. in Prague. The PX (PX) gauge, in which the two Austrian companies have a combined 32 percent weighting, rose 0.8 percent to 872.2, snapping a 1.5 percent drop in the previous two sessions to the lowest since Dec. 19.

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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