Bloomberg News

Czech Stocks: Central European Media, CEZ, New World Resources

June 12, 2012

The Czech Republic’s PX (PX) stock index fell for a third day, sliding 1 percent to 870.40 at the end of trading in Prague.

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

Central European Media Enterprises Ltd. (CETV:US) rebounded from a record low, rising 4.6 percent to 112.9 koruna, after the broadcaster said it agreed to repurchase its 2014 bonds for $71.1 million as part of a plan to lower the company’s debt.

CEZ AS (CEZ) , the country’s biggest utility, slipped 1 percent to 729 koruna, a third day of losses. Electricity for next-year delivery in Germany, where the company exports part of its output, retreated 0.4 percent to 47.75 euros per megawatt- hour, a fifth day of declines and the lowest since November 2010.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, dropped 3 percent to 97.50 koruna, adding to a 1.5 percent retreat yesterday. Europe’s benchmark coal futures contracts slid 0.4 percent to $94.85 a metric ton, the lowest in more than two years, 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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Companies Mentioned

  • CETV
    (Central European Media Enterprises Ltd)
    • $2.46 USD
    • -0.06
    • -2.44%
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