Czech Stocks: CEZ, Erste Group Bank, Vienna Insurance Group Move

The Czech Republic’s PX (PX) stock index rose 1.4 percent to 878.1 at the close in Prague, rebounding from a five-month low.

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

CEZ AS (CEZ) rose 1.5 percent to 724.5 koruna, snapping a two-day drop. Electricity for next-year delivery in Germany, where the biggest Czech utility exports part of its output, rose 0.7 percent to 49.60 euros per megawatt-hour, poised for the contract’s highest close in more than two weeks.

Erste Group Bank AG (RBAG) of Austria added 2.8 percent to 378 koruna, its second day of gains. Vienna Insurance Group AG (VIG) climbed 2.2 percent to 738 koruna. European stocks gained after U.S. data showed that the housing market in the world’s largest economy is stabilizing.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.