Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Czech Stocks: Erste Group, Komercni Banka, New World Resources

Don't Miss Out —
Follow us on:

June 7 (Bloomberg) -- The Czech Republic’s PX stock index jumped 1.3 percent to 892.90 at the close in Prague, a fourth day of gains and the longest winning streak in four months.

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

Komercni Banka AS (KOMB CP), a unit of Societe Generale SA, added 4 percent to 3,350 koruna, a fifth day of gains and the steepest one-day rally in four months. Erste Group Bank AG (RBAG CP) of Austria rose 0.9 percent to 369 koruna.

Financial stocks were among the biggest gainers in Europe on speculation more policy makers around the world will take steps to revive slowing growth after China, the world’s second-biggest economy, cut interest rates.

New World Resources Plc (NWR CP), the biggest Czech coking-coal producer, climbed 4.6 percent to 101.5 koruna, its fourth day of gains, as commodities including oil and copper rallied.

China’s rate cut “supported commodity prices and hence also mining and energy stocks,” Josef Nemy, an analyst at Komercni Banka AS in Prague, wrote in an e-mail to clients today.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.