While the S&P 500 grew 2.5%, 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 week. Going into trading today, the S&P 500 was up 2% over the last seven trading days, but XLB was up 3.1%.
Fuwei Films (Holdings) (FFHL) fell 13.8% to close at $1.12, crossing its 50-day moving average of $1.21. Meanwhile, TPC Group (TPCG) climbed 10.4% to close at $36.95, moving past its 200-day moving average of $34.88.
Haynes International (HAYN) rose 10.3% to close at $50.94, approaching its 50-day moving average of $52.31. It has also moved closer to its 200-day moving average of $57.74. Greif (GEF.B) rose 6.4% to close at $44.97, getting closer to its 200-day moving average or $49.50.
Universal Stainless \x26 Alloy Products (USAP) was a major gainer in the sector, rising 10.6% (+$3.93) to close at $41.10 with 45,850 shares moving. The stock traded in a range of $37.93 to $41.38. The stock has been declining in the last two months, down $6.50 (-13.7%) from a price of $47.60 on May 2, 2012. Similarly, BHP Billiton plc (BBL) gained today, increasing $2.80 (+5.1%) to close at $57.19.
Anooraq Resources Corporation (ATL) was one of the sector's big losers, as its price dropped 10.5% (-2 cents) to close at 16 cents. 84,175 shares of the stock moved. The stock traded in a range of 16 cents to 19 cents.
Stepan Company (SCL) hit a new 52-week high today, reaching $94.50 to top the previous high of $94.48.
China Valves Technology (CVVT) hit a new 52-week low today, hitting $1.03 to fall below the previous low of $1.06.