Bloomberg News

CEZ Rises Second Day Toward Highest in Month on Global Stimulus

June 05, 2012

CEZ AS (CEZ), the biggest Czech utility, increased for a second day, headed for its highest in a month as speculation that the world’s policy makers will take measures to stimulate economic growth boosted demand for riskier assets.

The stock rose 1.1 percent to 741 koruna by 3:08 p.m. in Prague. A close at that level would be the highest since May 2. The PX (PX) index of 14 equities, in which CEZ has a 21 percent weighting, gained 1 percent 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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