Firmer market sentiment boosts water stocks
- From: Vol 10, Issue 5 (May 2009)
- Category: General
- Region: Unspecified
- Related Companies: Calgon Carbon, Christ Water Technology, Southwest Water Company and Veolia
Quoted water stocks continued to rise this month, buoyed by optimism that the economic recovery is finally underway. The first quarter results season was not all rosy, however.
The GWI Water Index could not match the gains it made last month, but continued to climb, bolstered by stronger credit markets, and signs that the economic recovery may finally be underway.
Globally, water stocks were up by 7.7% this month, with Asia and Europe both registering double-digit advances. A greater appetite for risk amongst investors in general may ...
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