HeidelbergCement hit by a 52 week low

HeidelbergCement hit by a 52 week low
Published: 23 December 2008

HeidelbergCement Germany’s largest Building Materials company by market capitalisation, hit a 52-week low of €26.45 during the day, but closed higher on Monday. In the last three months the stock has hit a new 52-week low nineteen times, pointing to a significant downtrend. The share price soared €3.23 (or 12 per cent) to €30.24, ending a three-day streak of losses. Compared with the DAX index which fell 57.7 points (or 1.2 per cent) on the day, this represented a relative price change of 13.2 per cent.