Bloomberg the Company & Products

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

Communications

Industry Products

Media Services

Follow Us

Central European Media Gains on China Optimism: Prague Mover

Sept. 27 (Bloomberg) -- Central European Media Enterprises Ltd., the broadcaster co-owned by Time Warner Inc., rose the most in a week, leading Czech stocks higher amid speculation China may announce new stimulus measures to support economic growth.

The stock climbed 2.5 percent, snapping a three-day slump, to 130 koruna in Prague, making it the best performer today in the 14-member PX equity index, which was up 1 percent. New World Resources Plc advanced 2.3 percent and Erste Group Bank AG gained 1.9 percent, while , Fortuna Entertainment Group NV dropped 3 percent today.

CME, as the company is known, lost 13 percent of its value in the previous three days. European stocks followed Chinese securities higher on speculation the nation may introduce further stimulus package to aid its economy after a report showed that industrial profits fell for a fifth month.

“The sentiment on the markets has turned overnight,” said Miroslav Adamkovic, an analyst at Komercni Banka AS in Prague.

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.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.