CEZ Jumps to Highest in More Than 6 Months on Electricity Prices
The stock advanced as much as 1.5 percent to its strongest intraday price since Aug. 8 and traded up 1.2 percent at 828 koruna by 10:53 a.m. in Prague.
Power for next-year delivery in Germany, where CEZ exports part of its output, rose 1.5 percent this week to 52.45 euros per megawatt-hour. Global stocks and commodities rallied after U.S. data showed improvements in the world’s largest economy and on speculation Greece will secure a bailout.
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