Holcim closes at 4.7 per cent below volume weighted price

Holcim closes at 4.7 per cent below volume weighted price
Published: 17 August 2010

Holcim strengthened 20 cents (or 0.3 per cent) to close at CHF65.70, ending a four-day streak of losses. The price is at a discount of 4.7 per cent to the 1-month volume weighted average price of CHF68.95, which may appeal as a value proposition. Compared with the Swiss Market index SMI Price index, which fell 15 points (or 0.2 per cent) on the day, this was a relative price change of 0.5 per cent.

Volatility: the stock traded between an intraday high of CHF66.15 and a two-day low of CHF64.70, suggesting a trading opportunity between peaks and troughs.

Volume and turnover period: there were 20,000 shares worth CHF1.3m (US$1.3m) traded. The volume was 0.1 times average trading of 237,163 shares. The turnover rate in the 12 months to date was 22.5 per cent (or a turnover period of 4 years 5 months).