Bloomberg News

Czech Stocks: CEZ Utility, Erste Group Bank Are Active in Prague

June 08, 2012

The Czech Republic’s PX (PX) stock index snapped a four-day rally, sliding 0.8 percent to 886 by the close in Prague and paring its weekly gain to 3.1 percent.

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

CEZ AS (CEZ) , the country’s biggest utility, fell from a five-week high, losing 1.1 percent to 745 koruna. Electricity for next-year delivery in Germany, where CEZ exports part of its output, declined 0.5 percent to 48.05 euros per megawatt-hour, set for its lowest close in 1 1/2 years.

Erste Group Bank AG (RBAG) dropped 1 percent to 365.2 koruna, paring weekly gains to 2.6 percent. Lenders were among the biggest stock decliners in Europe after German exports shrank and Fitch Ratings downgraded Spanish bonds.

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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