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Czech Stocks: Erste Group Bank, New World Move in Prague Trading

May 16 (Bloomberg) -- The Czech Republic’s PX stock index was little changed today at 875.60 by the close in Prague after falling to the lowest in almost five months yesterday.

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

Erste Group Bank AG (RBAG CP) of Austria jumped 1.9 percent to 378 koruna, reversing an earlier 3.8 percent decline. European shares erased losses, with banks leading the rebound, as Greek leaders seek agreement on an interim government and France’s borrowing costs fell in a bond auction.

New World Resources Plc (NWR CP) dropped for a fourth day to its lowest in almost three years as commodities declined, overshadowing the Czech coking-coal producer’s unexpected first-quarter profit. The stock slid 2.7 percent to 109.5 koruna.

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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