Bloomberg News

CEZ Snaps Six-Day Rout, Leads Czech Shares Higher: Prague Mover

June 18, 2012

CEZ AS (CEZ), the biggest Czech utility, snapped six days of declines, leading gains for the country’s shares after pro-bailout parties won Greek general elections, boosting demand for riskier assets worldwide.

The stock climbed as much as 1.7 percent and traded up 1.4 percent to 733 koruna by 9:38 a.m. in Prague, after a 4 percent drop in the previous six sessions. The PX (PX) index of 14 equities, where CEZ has a 21 percent weighting, added 0.78 percent.

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


Reviving Keynes
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus