Komercni Banka Climbs for Second Day, Leads Czech Shares Higher

Komercni Banka AS, a unit of Societe Generale SA, rose for a second day, leading Czech shares higher as speculation that China will introduce additional economic stimulus boosted demand for riskier assets.

The stock climbed 0.7 percent to 3,480 koruna by 9:38 a.m. in Prague, adding to a 2.2 percent advance yesterday. The PX (PX) index of 14 equities, in which Komercni Banka has an 18 percent weighting, gained 0.2 percent to 885.50.

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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