Published August 16, 2012
On a trading day that saw the S&P 500 gain 0.7%, the Basic Materials sector (XLB) showed little change.
The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. As trading began today, XLB was up 2.9% over the last thirty trading days while the S&P 500 climbed 3.4%.
Increasing 7.8% (+$1.09) to close at $15.15, Braskem (BAK) was a major gainer in the sector. Today, 732,447 shares traded hands. The stock traded in a range of $14.13 to $15.25.
Molycorp (MCP) was a major loser in the sector, falling 7.5% (-90 cents) to close at $11.16 with 10.1 million shares moving. The stock traded in a range of $11 to $11.98.
Cameco Corporation (CCJ) rose 6.5% to close at $22.53, cross its 50-day moving average of $21.34 and 200-day moving average of $21.31. Alumina (AWC) declined 5% to close at $3.05, moving below its 50-day moving average of $3.04 and 200-day moving average of $4.06.
Material Sciences Corporation (MASC) fell 1.5% to close at $8.30, moving down to 0.9% above its 200-day moving average of $8.23. Goldcorp (GG) rose 4.8% to close at $38.46, getting closer to its 200-day moving average or $39.85.
Minerals Technologies (MTX) hit a new 52-week high today, reaching $69.40 to top the previous high of $69.13.