Cementos Portland Valderrivas dips 0.5 per cent, trailing 74.8 per cent of stocks

Cementos Portland Valderrivas dips 0.5 per cent, trailing 74.8 per cent of stocks
Published: 24 December 2008

Cementos Portland Valderrivas (CPL.MA), Spain’s fourth largest Construction company by market capitalisation, dipped 12 Eurocent (or 0.5 per cent) to €23.42. In the Spanish market of 203 stocks, the stock has a six-month relative strength of 25 indicating it is trailing 75 per cent of the market. The stock fell for a third day on Tuesday bringing its three-day fall to 84 Eurocent or 3.5 per cent. Compared with the IBEX35 index which fell 30.4 points (or 0.3 per cent) on the day, this represented a relative price change of -0.2 per cent.

Price Volume Trend: The price weakened 2.4 per cent in the last month. This was on volume of 1.1 times average for month. In the last three months the number of falls outnumbered rises 41:23 or 1.78:1.