Cement News tagged under: corporate
The Cyprus Cement Public Company rises 7.1 per cent on high volatility17 August 2010, Published under Cement NewsThe Cyprus Cement Public Company traded between an intraday low of 29 cents and a high of 30 cents, suggesting a trading opportunity between peaks and troughs. The stock price jumped two cents (or 7.1 per cent) to close at 30 cents. Compared with the FTSE/CySE 20 Index, which rose 3.6 points (or 0.8 per cent) on the day, this was a relative price change of 6.3 per cent. Relativities: today its percentile rank in the Cypriot market was 89. In the Cypriot market of 28 stocks traded today, the... |
Cementir Holding strengthens 0.5 per cent on low volume17 August 2010, Published under Cement NewsCementir Holding, Italy’s seventh largest construction company by market capitalisation, strengthened one cents (or 0.5 per cent) to close at €2.13. Compared with the FTSE MIB index, which fell 64.1 points (or 0.3 per cent) on the day, this was a relative price change of 0.8 per cent. The volume was 0.1 times average trading of 266,823 shares. Volatility: the stock traded between an intraday low of €2.12 and three-day high of €2.16, suggesting a trading opportunity between peaks and troughs... |
Ciments Francais closes at three per cent below volume weighted price17 August 2010, Published under Cement NewsCiments Francais strengthened six cents (or 0.1 per cent) to close at €59.30, ending a four-day streak of losses. The price is at a discount of three per cent to the one-month volume weighted average price of €61.16, which may appeal as a value proposition. Compared with the Dow Jones Industrial index, which fell 1.1 points (or 0.01 per cent) on the day, this was a relative price change of 0.1 per cent. Volatility: the stock traded between an intraday high of €59.80 and a 19-day low of €58.... |
CRH hits year-low second time in one month and second time in three months17 August 2010, Published under Cement NewsCRH hit a 52-week low of €14.66 during the day. The stock fell for a fifth consecutive day on Monday. The stock price dipped two cents (or 0.1 per cent) to close at €14.75. Compared with the ISEQ Overall index, which fell 20.4 points (or 0.7 per cent) on the day, this was a relative price change of 0.6 per cent. Price trend: the price plummeted nine per cent in the last week and 8.1 per cent in the last month. |
Cemex weakens 2.1 per cent, trailing 67 per cent of stocks17 August 2010, Published under Cement NewsCEMEX SAB de CV weakened 14.30 cents (or 2.1 per cent) to close at EUR6.73. In the German market of 1166 stocks traded today, the stock has a 6-month relative strength of 33 which means it has underperformed 67 per cent of the market. Volatility: the stock traded between an intraday high of €6.73 and a four-month low of €6.65, suggesting a trading opportunity between peaks and troughs. Volume: there were 1715 shares worth €11,535 (US$14,819) traded. The volume was 1.4 times average trading... |
Holcim closes at 4.7 per cent below volume weighted price17 August 2010, Published under Cement NewsHolcim strengthened 20 cents (or 0.3 per cent) to close at CHF65.70, ending a four-day streak of losses. The price is at a discount of 4.7 per cent to the 1-month volume weighted average price of CHF68.95, which may appeal as a value proposition. Compared with the Swiss Market index SMI Price index, which fell 15 points (or 0.2 per cent) on the day, this was a relative price change of 0.5 per cent. Volatility: the stock traded between an intraday high of CHF66.15 and a two-day low of CHF64.... |
Cimpor 2Q10 Net €53.1m Vs Net €55.9m17 August 2010, Published under Cement NewsPortuguese cement producer Cimpor said early Tuesday its second quarter net profit fell five per cent on the year due to higher corporate taxes. Cimpor, as the company is also known, said its second quarter net profit dropped to €53.1m, compared to €55.9m a year earlier. The corporate tax in the period jumped to €36.9m from €18.6m a year ago, Cimpor said. Cimpor’s first-half net profit fell eight per cent, to €98.7m. However, revenue increased 12 per cent, to €608.4m, while earnings befor... |
Anhui Conch Cement 1H10 net profit up 41 per cent At CNY1.80bn17 August 2010, Published under Cement NewsAnhui Conch Cement Co, China’s largest cement maker by output, said Monday its first-half net profit rose 41 per cent due to higher product prices. The Hong Kong- and Shanghai-listed company said its net profit for the six months ended June 30 was CNY1.80bn, up from CNY1.27bn a year earlier. Revenue rose 23 per cent to CNY13.87bn from CNY11.24bn. China’s demand for cement got a boost from the country’s CNY4trn stimulus programm last year, which included heavy spending on infrastructure proj... |
Standard & Poor changes the Buzzi Unicem rating16 August 2010, Published under Cement NewsBuzzi Unicem informs that today Standard & Poor’s lowered the long-term corporate rating on Buzzi Unicem and its German subsidiary Dyckerhoff AG to BBB minus from BBB flat and confirmed the short-term rating A-3 on both groups. The outlook is stable. |
West China Cement raises US$179m in HK IPO -sources16 August 2010, Published under Cement NewsChinese cement producer West China Cement Ltd raised US$179m after pricing its Hong Kong initial public offering at top of an indicated range, sources familiar with the deal said on Monday. West China Cement, the second-largest cement producer by production capacity in Shaanxi province in 2009, sold 823.1m shares at HK$1.69 (US$0.21) each, compared with an indicative range of HK$1.21 to HK$1.69, the sources said. The institutional portion of the deal was 10 to 15 times covered while Hong K... |