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Warsaw WIG20 Bucharest Beti
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Ljubljana SBI20 Istanbul ISE National 100
1200 GMT 10Sept2008 CEZ, NWR extend drops on stop
losses
Czech miner New World Resources (NWR) and power group CEZ extend recent losses as the mining and utility sectors come under pressure, leading to stop-loss selling by local investors, dealers say.
CEZ drops 7.8 percent to 1,009.8 crowns, its lowest in 13 months, while NWR drops 11.5 percent to 313 crowns, diving deeper below its May IPO price of 426 crowns.
'It's panic selling,' one dealer says.
Prague's main PX index drops 5.2 percent to 1,318.4 points.
rm://jason.hovet.thomsonreuters.com@reuters.net
tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Stocks on the move Real-time Equity News
REGIONAL INDICES
Warsaw WIG20 Bucharest Beti
Budapest SE Index Prague PX
Zagreb Crobex Sofia Sofix
Ljubljana SBI20 Istanbul ISE National 100
1200 GMT 10Sept2008 CEZ, NWR extend drops on stop
losses
Czech miner New World Resources (NWR) and power group CEZ extend recent losses as the mining and utility sectors come under pressure, leading to stop-loss selling by local investors, dealers say.
CEZ drops 7.8 percent to 1,009.8 crowns, its lowest in 13 months, while NWR drops 11.5 percent to 313 crowns, diving deeper below its May IPO price of 426 crowns.
'It's panic selling,' one dealer says.
Prague's main PX index drops 5.2 percent to 1,318.4 points.
rm://jason.hovet.thomsonreuters.com@reuters.net
tf.TFN-Europe_newsdesk@thomson.com ak COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.