Buzzi Unicem decreases two per cent, trailing 69.1 per cent of stocks

Buzzi Unicem decreases two per cent, trailing 69.1 per cent of stocks
Published: 20 November 2008

Buzzi Unicem, Italy’s second largest Construction company by market capitalisation, decreased 18 Eurocents (or two per cent) to €8.88.

In the Italian market of 372 stocks, the stock has a six month relative strength of 31 which means it has underperformed 69 per cent of the market. The stock fell for a second day on Wednesday bringing its two-day fall to 42.0 Eurocents or 4.5 per cent. Compared with the MIBTEL Index which fell 409 points (or 2.6 per cent) on the day, this represented a relative price change of 0.6 per cent.