CEZ Falls to Lowest Since November as Electricity Price Tumbles
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CEZ AS, the biggest Czech utility, fell for a fourth day, to its weakest in more than five months, as the electricity price declined to its lowest in 17 months.
The stock retreated as much as 2.5 percent, to its weakest intraday price since Nov. 29, before trading down 1.7 percent at 713 koruna by 12:37 p.m. in Prague. The PX equity index, in which CEZ has a 20 percent weighting, dropped 1.3 percent.