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Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
9:14 AM MDT | August 4, 2008 | Chemical Week Editorial Staff
The CW75 Index fell 2.7% for the week ending July 29, lagging broader market indexes. Basic chemical shares fell 5.9%, while diversified and specialty chemical stocks fell 2% and 1%, respectively. The stock market declined on U.S. and European investors’ concerns about diminished earnings and expected negative outlooks for the banking sector, analysts say. Stepan topped the leaders’ list because of a 106% jump in second-quarter net income, to $9.8 million. Higher selling prices and favorable currency exchange rates drove earnings growth, the company...
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