Czech Stocks: Erste Group Bank, New World Resources Are Active
The Czech Republic’s PX (PX) stock index jumped the most in five months, rising 2.3 percent to 900.90 by the close in Prague, paring quarterly losses to 7.4 percent.
The following were among the most active equities in the Czech market today. Stock symbols follow company names.
Erste Group Bank AG (RBAG) of Austria had the steepest rally in five months, rising 6.7 percent to 381 koruna, paring quarterly losses to 11 percent. Lenders led European shares higher as Spanish bonds gained after leaders reached an agreement that opened the way to bank recapitalization in Spain.
New World Resources Plc (NWR) , the biggest Czech coking- coal producer, rallied 4.6 percent to 102.5 koruna, its biggest rally in two weeks. Commodities surged, with Europe’s benchmark coal derivatives rising 0.8 percent to $98.75 a metric ton in the Netherlands.
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