New World Resources Declines for Third Day as Commodities Drop

New World Resources Plc (NWR), the biggest Czech coking-coal producer, fell for a third day as commodities and mining stocks tumbled after China cut its economic growth target for this year.

The stock dropped 2.3 percent to 153.4 koruna by 10:34 a.m. in Prague, adding to a 1 percent retreat in the previous two days. NWR underperformed the 14-member PX (PX) gauge, which declined 0.8 percent today.

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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