Bloomberg News

New World Gains for Sixth Day, Set for Longest Rally Since 2010

June 11, 2012

New World Resources Plc (NWR) gained for a sixth day, headed for its longest stretch of gains in almost 18 months, after Spain requested a bailout for its banks and Chinese exports beat estimates, boosting demand for commodities.

The biggest Czech coking coal producer advanced 1.7 percent to 103.7 koruna by 9:44 a.m. in Prague. NWR had the longest winning stretch since the six-day rally ended Dec. 22, 2010.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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