NWR Increases Most in Five Weeks as Bernanke Boosts Commodities

New World Resources Plc (NWR) jumped the most in five weeks after U.S. Federal Reserve Chairman Ben S. Bernanke said an accommodative monetary policy is still needed in the world’s largest economy, spurring demand for commodities.

The biggest Czech producer of coking coal rose as much as 5.5 percent, the most since Feb. 17, and traded up 4.4 percent to 135.6 koruna by 4:05 p.m. in Prague. NWR has been rebounding from a three-month intraday low reached in the previous session.

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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.