The S&P 500 lost 0.3% while the Basic Materials sector (XLB) showed little movement during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLB was down 4.3% over the last thirty trading days while the S&P 500 climbed -2.3%.
Omega Flex (OFLX) was a major gainer in the sector, rising 6.6% (+77 cents) to close at $12.50 with 12,313 shares moving. The stock traded in a range of $11.63 to $12.50. Over the last three months, the stock has lost $4 (-24.2%) from a price of $16.50 on February 14, 2012.
Chicago Rivet & Machine (CVR) was one of the sector's big losers, as its price dropped 6.2% (-$1.25) to close at $19. 1,889 shares of the stock moved. The stock traded between $19 and $19.75.
Agnico-Eagle Mines (AEM) declined 2.4% to close at $36.81, moving below its 50-day moving average of $35.39 and 200-day moving average of $39.36.
Globe Specialty Metals (GSM) rose 3.1% to close at $13.15, approaching its 50-day moving average of $13.88. It has also moved closer to its 200-day moving average of $14.48. Royal Gold (RGLD) rose 4.3% to close at $63.20, getting closer to its 200-day moving average or $68.18.
Lawson Products (LAWS) hit a new 52-week low today, hitting $10.73 to fall below the previous low of $11.53.