Unipetrol Drops From Three-Week High as German Retail Sales Slip

Unipetrol AS (UNIP), the largest Czech oil refiner, fell from its highest in more than three weeks after a report showed January retail sales in Germany, the biggest buyer of Czech exports, unexpectedly declined.

The stock slid 1.1 percent to 171.02 koruna by 1:37 p.m. in Prague, making it the third-worst performer in the 14-member PX (PX) equity index today. Unipetrol rose 2.4 percent yesterday to 173 koruna, the highest price since Feb. 8.

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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