Bloomberg News

Czech Stocks: Erste Group Bank, New World Resources Are Active

July 11, 2012

The Czech Republic’s PX (PX) stock index fell for a third day, poised for its longest stretch of losses in a month. The benchmark slid 0.1 percent to 903.30 as of 1:47 p.m. in Prague.

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

Erste Group Bank AG (RBAG) erased a 2.2 percent decline after the European Banking Authority said the region’s banks increased capital reserves by $116 billion and Erste exceeded the regulator’s targets. The Austrian lender traded 0.1 percent stronger at 379.8 koruna, and jumped 1.4 percent to 14.96 euros in Vienna, its home market.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, dropped 0.3 percent to 102.5 koruna, its third day of losses. Europe’s benchmark coal futures contracts fell 0.3 percent to $96 a metric ton in the Netherlands, a fourth day of declines.

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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