Czech Stocks Jump Third Week to Five-Month High After U.S. Jobs
Czech stocks surged for a third week, reaching the highest in five months, after a report showed U.S. payrolls increased more than forecast, boosting demand for riskier assets.
The PX (PX) equity gauge jumped 1.1 percent to 1,009.80 at 4:28 p.m. in Prague, the first time it closed above 1,000 since Sept. 8. The benchmark added 4.3 percent in the week and 11 percent this year.
New World Resources Plc (NWR), the country’s biggest coking-coal producer, jumped 4 percent to 160 koruna. Orco Property Group (ORC) SA and Central European Media Enterprises Ltd. (CETV) climbed more than 10 percent, making them best performers in the index today.
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