Published June 29, 2012
The Financial sector (XLF) held steady during a trading day that saw the S&P 500 grow 2.5%.
While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, XLF was up 4.5% over the last thirty trading days while the S&P 500 was down 3.5%.
Direxion Daily China Bear 3x Shares ETF (YANG) was a major loser in the sector, falling 9.8% (-$1.64) to close at $15.14 with 63,634 shares moving. The stock traded between $14.90 and $15.58. The stock has been on the rise in the last two months, up $3.70 (32.3%) from a price of $11.44 on May 2, 2012.
Increasing 8.9% (+$2.71) to close at $33.25, Woori Finance Holdings (WF) was a major gainer in the sector. Today, 9,238 shares traded hands. The stock traded in a range of $32.78 to $33.25. Shares have been on on the rise over the past month, climbing $5.20 (18.5%) from a price of $28.05 on May 31, 2012.
Shinhan Financial Group (SHG) rose 7.6% to close at $70.98, cross its 50-day moving average of $67.39 and 200-day moving average of $72.31. Westpac Banking Corporation (WBK) climbed 4.1% to close at $108.81, moving past its 200-day moving average of $108.63.
United States Gasoline Fund (UGA) rose 6.1% to close at $48.45, approaching its 50-day moving average of $48.75. It has also moved closer to its 200-day moving average of $51.93. First Federal Bancshares of Arkansas (CVH) fell 5.8% to close at $8.10, moving closer to its 50-day moving average of $7.90. Also, the stock moved closer to its 200-day moving average of $31.76.
Investors Title Company (ITIC) hit a new 52-week high today, reaching $56.93 to top the previous high of $55.94.