Titan Cement Co drops 2.5 per cent on high volatility

Titan Cement Co drops 2.5 per cent on high volatility
Published: 30 September 2008

Titan Cement Company traded between an intraday low of €18.50 and a high of €19. The share price declined 48 Eurocents (or 2.5 per cent) to €18.52. Compared with the FTSE/Athex 140 Index which fell 223.5 points (or six per cent) on the day, this represented a relative price change of 3.5 per cent.

There were 547 shares worth €10,171 (US$14,624) traded. The volume was 0.4 times average trading of 1,466 shares.

The last price is at a discount of 37.6 per cent to the 12-month high of €29.70 a year ago on 09 Oct, 2007.

The last price is at a premium of 2.9 per cent to the 12-month low of €18 11-days ago on 18 Sep, 2008.

The price is at a discount of 3.5 per cent to the 1-month volume weighted average price of €9.20, which may appeal as a value proposition.