Holcim closes at 4.7 per cent below volume weighted price

Holcim closes at 4.7 per cent below volume weighted price
17 August 2010


Holcim strengthened 20 cents (or 0.3 per cent) to close at CHF65.70, ending a four-day streak of losses. The price is at a discount of 4.7 per cent to the 1-month volume weighted average price of CHF68.95, which may appeal as a value proposition. Compared with the Swiss Market index SMI Price index, which fell 15 points (or 0.2 per cent) on the day, this was a relative price change of 0.5 per cent.

Volatility: the stock traded between an intraday high of CHF66.15 and a two-day low of CHF64.70, suggesting a trading opportunity between peaks and troughs.

Volume and turnover period: there were 20,000 shares worth CHF1.3m (US$1.3m) traded. The volume was 0.1 times average trading of 237,163 shares. The turnover rate in the 12 months to date was 22.5 per cent (or a turnover period of 4 years 5 months).
Published under Cement News