Erste Group Leads Czech Stocks Higher as Profit Beats Estimates

Erste Group Bank AG rose, leading gains for Czech shares, after the Austrian lender said its first-quarter profit rose more than analysts expected.

The stock rose 1.3 percent to 431.5 koruna by 9:39 a.m. in Prague, extending a 5.2 percent rally last week. The PX index of 14 companies, where Erste has a 19 percent weighting, added 0.5 percent today, its second day of gains.

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