Quoted water stocks reverse declines
- From: Vol 10, Issue 4 (April 2009)
- Category: General
- Region: Americas
- Country: Cayman Islands and United States
- Related Companies: California Water Service Co (Cal Water), Consolidated Water, South West Water and Thai Tap Water Supply
The GWI Water Index surged forward in the run-up to Easter, but failed to keep up with the major indices. Problems in California took the shine off the spring rally.
Global water stocks reversed last month’s declines in the run-up to Easter, posting a 13% advance, against last month’s 14.5% fall. The GWI Water Index still underperformed most of the major global stock indices, however (see table, right).
The star performer was Consolidated Water, which leapt by 76%, in stark contrast to the 37% decline it posted ...
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