Bloomberg News

Czech Stocks: Central European Media, New World Resources Move

June 28, 2012

The Czech Republic’s PX (PX) stock index snapped two days of gains, falling 0.6 percent to 880.60 at the close in Prague, bringing the gauge’s quarterly decline to 9.5 percent.

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

Central European Media Enterprises Ltd. (CETV) climbed 1.8 percent to 102 koruna. The broadcaster rebounded a second day after tumbling 14 percent in the six days ended Jan. 26 to the lowest price on record in Prague trading. The drop cut the stock’s 14-day relative strength index to 28.6, below the 30 level that suggests in technical analysis an asset may rise. The RSI climbed to 29.5 yesterday and 32.8 today.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, dropped 1 percent to 98 koruna, its lowest close in two weeks. Commodity prices slid, with Europe’s benchmark coal derivatives sliding 0.9 percent to $98 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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