Czech Stocks: Central European Media, Erste, New World Resources

The Czech Republic’s PX stock index fell for a fifth day to the lowest since April 2009, sliding 1.8 percent to 855.4 at its 4:28 p.m. close in Prague.

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

Central European Media Enterprises Ltd. (CETV) slumped 11 percent to 150.21 koruna, adding to a 9.1 percent drop in the previous session. Standard & Poor’s on Nov. 18 cut its outlook on the broadcaster’s B credit rating to negative from stable.

Erste Group Bank AG (EBS) of Austria fell to its lowest since March 2009, sliding 7.8 percent to 307 koruna. Banks were among the biggest decliners in Europe as U.S. lawmakers failed to agree on budget cuts. Austrian lenders will have to curb new loans in some central and eastern European countries under new rules announced by the Austrian central bank today.

New World Resources Plc (NWR CP), the biggest coking-coal producer in the Czech Republic, declined to its lowest since Oct. 5, sliding 5.1 percent to 124.53 koruna. Europe’s benchmark coal futures contracts slid 1.2 percent to $115.8 a metric ton in the Netherlands, headed for the lowest close in a month.

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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