Czech Stocks: Komercni, New World Resources Move in Prague Trade

The Czech Republic’s PX (PX) stock index rose 0.3 percent to 886.30 by the close in Prague, bringing the quarterly move for the gauge to 8.9 percent.

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

Komercni Banka AS (KOMB) , Societe Generale SA’s Czech unit, rose for a second day as speculation that China will introduce additional economic stimulus boosted demand for riskier assets. The stock climbed 0.7 percent to 3,478 koruna, adding to a 2.2 percent advance yesterday.

New World Resources Plc (NWR) , the biggest Czech coking- coal producer, snapped five days of losses as global shares rose after the China Securities Journal said the country may introduce “more proactive” policies to ensure stable growth in the in the world’s-largest economy. The stock rose 0.5 percent to 99 koruna, after a 5.3 percent drop in the previous five sessions.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to 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.