Heracles General Cement Company price 14. per cent above volume weighted price

Heracles General Cement Company price 14. per cent above volume weighted price
20 November 2008


Heracles General Cement Company, Greece’s fourth largest Industrials company by market capitalisation, closed unchanged at €5.98. The price is at a premium of 14.8 per cent to the one month volume weighted average price of €5.21.

In the past year the premium has been greater than 14.8 per cent just four times, suggesting a topish level and cautious buying at the current price. Compared with the FTSE/Athex 140 Index which fell 34.7 points (or 1.5 per cent) on the day, this represented a relative price change of 1.5 per cent.
Published under Cement News