Czech Stocks: Erste Group Bank, New World Resources Are Active

The Czech Republic’s PX (PX) stock index rebounded from a five-month low, rising 0.6 percent to 863.9 at the close in Prague.

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

Erste Group Bank AG (RBAG) of Austria jumped 2.5 percent to 365 koruna, after falling to its lowest since Jan. 18 in the previous session. Lenders were the best stock performers in Europe as Spanish unemployment and bond yields fell, easing concern that the euro area’s financial crisis will spread.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, climbed 2 percent to 91.3 koruna. The stock fell 11 percent last week, the most since September 2011, to the lowest since 2009, pushing its 14-day relative strength index to 22 on June 1. Readings lower than 30 suggest in technical analysis an asset may gain. The RSI increased to 26 today.

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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