Bloomberg News

CEZ Falls Third day, Leads Czech Shares Down on Global Slowdown

July 20, 2012

CEZ AS (CEZ), the biggest power utility in the Czech Republic, fell for a third day, leading a drop in Czech shares, as growing concern that Europe’s debt crisis is slowing global growth drove investors from riskier assets.

The stock slumped 1.6 percent to 708.50 koruna as of 10:06 a.m. in Prague, taking this week’s losses to 3.4 percent. The 14-member PX (PX) equity index, in which CEZ has an 18 percent weighting, retreated 0.3 percent to 907.40.

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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