Bloomberg News

Czech Stocks: CEZ, New World Resources, Kit Digital Are Active

July 20, 2012

The Czech Republic’s PX (PX) stock index fell 1.3 percent to 898 at the end of trading in Prague. The gauge ended the week down 0.7 percent.

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

CEZ AS (CEZ) , the largest Czech power producer, dropped 1.9 percent, the most this month, to 706 koruna. New World Resources NV (NWR) , the largest producer of coking coal, slumped 5.2 percent, the most since May 30, to 96.54 koruna.

Stocks and oil dropped as concern that Europe’s debt crisis is slowing global growth drove investors from riskier assets. Europe’s benchmark coal derivatives snapped a five-day rally, falling 0.7 percent to $98.10 a metric ton in the Netherlands.

Kit Digital Inc. (KITD) retreated 7.2 percent to 74.49 koruna, extending its weekly loss to 14 percent, the most since the five days ended May 18. The software maker said yesterday it will delist from the Czech bourse.

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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