Cement News tagged under: corporate
Cementos Portland Valderrivas falls an eight straight day20 November 2008, Published under Cement NewsCementos Portland Valderrivas, Spain’s fourth largest Construction company by market capitalisation, decreased 30 Eurocent (or 1.2 per cent) to €24.22. In the Spanish market of 203 stocks, the stock has a Six month relative strength of 22 indicating it is trailing 78 per cent of the market. The stock slid for an eighth straight day on Wednesday bringing its eight-day fall to €4.59 or 15.9 per cent. Compared with the IBEX35 Index which fell 183.8 points (or 2.2 per cent) on the day, this repr... |
Buzzi Unicem decreases two per cent, trailing 69.1 per cent of stocks20 November 2008, Published under Cement NewsBuzzi Unicem, Italy’s second largest Construction company by market capitalisation, decreased 18 Eurocents (or two per cent) to €8.88. In the Italian market of 372 stocks, the stock has a six month relative strength of 31 which means it has underperformed 69 per cent of the market. The stock fell for a second day on Wednesday bringing its two-day fall to 42.0 Eurocents or 4.5 per cent. Compared with the MIBTEL Index which fell 409 points (or 2.6 per cent) on the day, this represented a rel... |
Heracles General Cement Company price 14. per cent above volume weighted price20 November 2008, Published under Cement NewsHeracles General Cement Company, Greece’s fourth largest Industrials company by market capitalisation, closed unchanged at €5.98. The price is at a premium of 14.8 per cent to the one month volume weighted average price of €5.21. In the past year the premium has been greater than 14.8 per cent just four times, suggesting a topish level and cautious buying at the current price. Compared with the FTSE/Athex 140 Index which fell 34.7 points (or 1.5 per cent) on the day, this represented a rel... |
Portland Tourah Cement Co rises 0.8 per cent20 November 2008, Published under Cement NewsPortland Tourah Cement Co rose 19.0 qirsh (or 0.8 per cent) to EGP25.46. Compared with the CASE 30 Index which fell 107.5 points (or 2.6 per cent) on the day, this represented a relative price change of 3.3 per cent. Relativities: Today its percentile rank in the Egyptian market was 77. In the Egyptian market of 349 stocks, the stock has a six-month relative strength of 97 which means it is beating 97 per cent of the market. A price rise combined with a high relative strength is a bullish s... |
Suez Cement Co increases 2.2 per cent20 November 2008, Published under Cement NewsSuez Cement Company increased 46 qirsh (or 2.2 per cent) to LE21.82, ending a two-day streak of losses. In the Egyptian market of 349 stocks, the stock has a 6-month relative strength of 99 which means it is beating 99 per cent of the market. A price rise combined with a high relative strength is a bullish signal. Compared with the CASE 30 Index which fell 107.5 points (or 2.6 per cent) on the day, this represented a relative price change of 4.7 per cent. |
Ambuja Cements rising in strong trading20 November 2008, Published under Cement NewsAmbuja Cements, India’s second largest Construction company by market capitalisation, increased Re0.85 (or 1.6 per cent) to INR55. Compared with the BSE Sensex Index which fell 163.4 points (or 1.8 per cent) on the day, this represented a relative price change of 3.4 per cent. |
Sri Lanka Tokyo Cement September net profit falls19 November 2008, Published under Cement NewsSri Lanka’s Tokyo Cement group said September quarter net profit fell 43 per cent to INR158m from a year ago, according to a stock exchange filing. The firm has been grappling with higher raw material, energy and transport costs, which resulted in a dip in profits last year. But it has said new eco-friendly manufacturing processes and products should help it revive profitability. Tokyo Cement has commissioned a bio-mass power plant and will soon commission a new vertical roller mill at it... |
India: Binani Ind cancels share swap with Binani Cement, Zinc18 November 2008, Published under Cement NewsBinani Industries Ltd said on Tuesday its board had decided to recall a plan to swap its shares with Binani Zinc Ltd and Binani Cement Ltd, due to a change in valuation of the cement unit. The installed capacity of Binani Cement has risen to up to 6Mta from 2.2Mta at the time of the filing of the scheme in 1995, the company said in a statement. |
Nigeria: cement company announces N4.7bn profit18 November 2008, Published under Cement NewsBenue Cement Company (BCC) Plc, a subsidiary of Dangote Industries Limited, has announced its third quarter results for the period January 1, 2008, to September 30, 2008, reporting a 118.81per cent increase in turnover, compared to the same period in 2007. Speaking in Lagos, Dangote Cement Chief Executive Officer, Tony Hadley, said, “the expanded capacity we have invested in at BCC is now coming on stream and we are delighted that this is reflected in the strong results we are announcing. ... |
Titan Cement Company hits year-low tenth time in three months18 November 2008, Published under Cement NewsTitan Cement Company hit a 52-week low of €9.52 during the day. In the last three months the stock has hit a new 52-week low ten times, pointing to a significant downtrend. The share price decreased €14 (or 1.4 per cent) to €9.80. Compared with the FTSE/Athex 140 Index which fell 110.4 points (or 4.6 per cent) on the day, this represented a relative price change of 3.2 per cent. |