Czech Stocks: Central European Media, CEZ Shares Are Active

The Czech Republic’s PX (PX) stock index rose for a fourth day, gaining 0.4 percent to close at 916.30 in Prague.

The following were among the most active equities on the Prague Stock Exchange today. Stock symbols follow company names.

Central European Media Enterprises Ltd. (CETV) advanced for the first time in three days, up 9 percent to 109.85 koruna, the biggest jump since Feb. 3. Time Warner Inc., the broadcaster’s biggest shareholder, boosted its stake to 49.9 percent.

CEZ AS (CEZ) , the Czech Republic’s largest power producer, added 1.1 percent to 692.2 koruna. A Lidove Noviny report that said the cost of expanding the company’s Temelin nuclear power station may exceed $10 billion drove shares 1.8 percent lower yesterday. That pushed the stock’s relative- strength index to 29, below the 30 level that indicates to some technical analysts a security may rise. The RSI rose to 35 today.

To contact the reporter on this story: Ladka Bauerova in Prague at lbauerova@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.netnet

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.