Cimpor drops 6.3 per cent on high volatility
Cimpor traded between an intraday low of €3.64 and a high of Euro3.89. Today its volatility (highest price minus lowest price/lowest price) of 6.8 per cent was 1.7 times the average daily volatility of four per cent, up from 3.2 per centon Wednesday and 3.7 per cent on Tuesday. This suggests a trading opportunity between peaks and troughs. The share price slumped 24.60 Eurocents (or 6.3 per cent) to €3.64, ending a five-day streak of rises. Compared with the PSI-20 index which fell 52 points (or 0.8 per cent) on the day, this represented a relative price change of -5.5 per cent.
Price Trend: The price declined 2.8 per cent in the last week and dropped 4.4 per cent in the last month. Published under Cement News
