Bloomberg News

Czech Stocks: Erste Group, New World Resources Move in Prague

May 31, 2012

The Czech Republic’s PX (PX) stock index slid 1.3 percent to 865.6, the lowest in more than five months, at the close in Prague. The benchmark lost 7.8 percent in May, the most since September 2011.

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

Erste Group Bank AG (RBAG) of Austria lost 1.7 percent to 363.5 koruna, taking monthly losses to 15 percent. European stocks tumbled after U.S. reports showed jobless claims rose last week and the world’s largest economy grew more slowly in the first quarter than estimated.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, fell 3.7 percent to 93.4 koruna, its lowest close in almost three years and extending May losses to 26 percent. Commodities tumbled, sending Europe’s benchmark coal derivatives down 1.1 percent to $99.7 a metric ton in the Netherlands.

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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