The Capital Goods sector (XLI) held steady during a trading day that saw the S&P 500 grow 0.2%.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLI was up 7.2% over the last thirty trading days while the S&P 500 was up 5.5%.
Gafisa (GFA) was a major gainer in the sector, rising 14.4% (+44 cents) to close at $3.50 with 7.1 million shares moving. The stock traded in a range of $3.18 to $3.60.
Xinyuan Real Estate (XIN) rose 13.9% to close at $2.95, cross its 50-day moving average of $2.67 and 200-day moving average of $2.78. Graham Corporation (GHM) declined 4.5% to close at $17.81, moving below its 50-day moving average of $17.54 and 200-day moving average of $20.04.
U.S. Lime & Minerals (USLM) rose 1.4% to close at $44.26, approaching its 50-day moving average of $46.76. It has also moved closer to its 200-day moving average of $51.82. Cavco Industries (CVCO) fell 1.9% to close at $47, moving down to 0.6% above its 200-day moving average of $46.72.
China Yuchai International (CYD) was one of the sector's big losers, as its price dropped 5.2% (-72 cents) to close at $13.07. 82,866 shares of the stock moved. The stock traded between $12.53 and $13.16. The stock has been on the rise in the last two months, up 83 cents (6.8%) from a price of $12.24 on June 13, 2012.
Caesarstone Sdot-Yam (CSTE) hit a new 52-week low today, hitting $10.08 to fall below the previous low of $10.70.