During trading today, the Basic Materials sector (XLB) showed little change while the S&P 500 fell 1%.
Shiner International (BEST) was a major gainer in the sector, rising 10.6% (+2 cents) to close at 21 cents with 4,190 shares moving. The stock traded in a range of 18 cents to 21 cents.
Molycorp (MCP) was one of the sector's big losers, as its price dropped 7.5% (-$1.44) to close at $17.80. 3.8 million shares of the stock moved. The stock traded in a range of $17.72 to $18.99.
Deswell Industries (DSWL) rose 2.9% to close at $2.67, cross its 50-day moving average of $2.66 and 200-day moving average of $2.46. Schnitzer Steel Industries (SCHN) declined 4.7% to close at $27.58, moving below its 50-day moving average of $27.51 and 200-day moving average of $35.92.
Kimber Resources (KBX) rose 5.5% to close at 73 cents, approaching its 50-day moving average of 74 cents. It has also moved closer to its 200-day moving average of 89 cents. Carlisle Companies (CSL) fell 2.7% to close at $51.91, moving down to 2.7% above its 200-day moving average of $50.51.