Investiční bankovnictví (Komerční banka)
Markets  |  October 02, 2012 16:33:00

Erste loses after reduction of the largest shareholder

European stock indices now have a clear direction and several times swung from losses to profits and back. The most significant changes are seen in shares of the telecommunications sector, which grow on average by 1.5%. Losses contrast prevail in the mining and chemical sectors. The individual titles after failing to issue new shares of Alstom, while buying advice from Société Générale shares helped the growth of Swiss Re reinsurance.
PX Index closed down three-quarters percent, especially when losing both banking stocks. Erste weakened by more than 2% due to a reduction of principal shareholder of Erste Stiftung Foundation. The need to raise funds to cover his own debts, which this year had to do without dividends from Erste. Decent gains on the contrary, the trio scored less emissions Orco, CME and AAA Auto.

Author: Miroslav Adamkovič

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