Cementir Holding rises 2.1 per cent on high volatility

Cementir Holding rises 2.1 per cent on high volatility
Published: 13 February 2009

Cementir Holding, Italy’s seventh largest Construction company by market capitalisation, traded between an intraday low of €2.16 and a high of €2.22. Today its volatility (highest price minus lowest price/lowest price) of three per cent was 0.9 times the average daily volatility of 3.4 per cent, up from 2.8 per cent on Wednesday and 2.4 per cent on Tuesday. The share price increased 4.50 Eurocents (or 2.1 per cent) to €2.20, ending a two-day streak of losses. Compared with the MIBTEL index which fell 272.0 points (or 1.9 per cent) on the day, this represented a relative price change of four per cent.