Erste, VIG Lead Czech Shares Higher on Global Stimulus Optimism

Vienna Insurance Group AG (VIG) and Erste Group Bank AG (RBAG) led a third day of gains for Czech shares as speculation that central banks may step up measures to boost economies drove investors to riskier assets.

VIG rose 1.9 percent, the most since June 5, to 739 koruna. Erste added 0.7 percent to 359.4 koruna, paring weekly losses to 1.6 percent. The PX (PX) index, in which the two Austrian companies have a combined 31 percent weighting, advanced 0.5 percent.

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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