Bloomberg News

Komercni Banka Rises From 1-Month Low, Leads Czech Shares Higher

July 13, 2012

Komercni Banka AS, the Czech unit of Societe Generale SA, rebounded from its lowest in a month as speculation that China will add to stimulus for the world’s second-largest economy boosted demand for riskier assets.

The stock rose 1.4 percent to 3,399 koruna by 10:06 a.m. in Prague, after losing 7.7 percent in the previous four sessions. The 14-member PX (PX) equity index, in which Komercni Banka has a 17 percent weighting, increased 0.3 percent to 899.40.

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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