PX index rebounds from four-month low with 1.24 pct gain

Prague, Oct 9 (CTK) - The Prague Stock Exchange (BCPP) gained ground today after three consecutive declines, its headline PX index rebounding from a four-month low with a 1.24 percent rise to 2,576.77 points, according to the stock exchange's website.

The Prague Stock Exchange recovered from previous losses in tandem with Western European markets, said Wood & Company broker Barbora Zelena. "Trading volume fell to a below-average level of roughly CZK490m," she noted.

Among banking stocks, Moneta Money Bank rose the most, gaining 3.91 percent to CZK183.50. Komercni banka rose by 1.71 percent to CZK979.50 and Erste Group Bank by 0.64 percent to CZK2,674. Insurance company VIG closed 0.77 percent higher at CZK1,580.

Energy group CEZ added 0.15 percent to 1,337. Arms makers also closed in the black, with Colt CZ up 2.51 percent to CZK859 and CSG on the Free Market up 0.03 percent to CZK342.90. Engineering company Doosan Skoda Power gained 0.11 percent to CZK474.

Drinks maker Kofola, on the other hand, lost 0.78 percent to CZK507, while drone manufacturer Primoco fell by 0.87 percent to CZK680.

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