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Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
11:23 AM MDT | September 19, 2008 | Chemical Week Editorial Staff
The CW75 Index jumped 5% for the week ending September 16, despite a stock market slide. Falling oil prices and BASF’s offer to buy Ciba Specialty Chemicals helped to lift the index. Ciba’s stock price jumped 30% following the offer. Monsanto’s positive fourth-quarter earnings forecast also helped to boost the index, analysts say. Basic chemical stocks rose 11%; diversified chemical stocks, 4%; and specialty chemical shares, 1%. Broader market indexes fell, including the Morgan Stanley global composite and the Standard and Poor’s 500 which...
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