Europe drags index into negative territory
- From: Vol 12, Issue 12 (December 2011)
- Category: General
- Country: United Kingdom
- Related Companies: Aegion, American Water, Aqua America, Beijing Enterprises, Cadiz Inc, China Everbright, China Water Affairs Group, Consolidated Water, Eastern Water Resources, Energy Recovery Inc, Global Water Resources Inc., Hankore Environment Technology, Hyflux, Kemira, Kurita Water Industries, Pall Corp, Pentair, Qianjiang Water Resources, Sabesp, Salcon Bhd, Séché Environnement, Severn Trent Services, Shanghai Industrial Holdings, Suez, Suez Environment , Thai Tap Water Supply, United Utilities, Veolia, Water Resources Group and Xylem
A poor showing from the European majors acted as a drag on the performance of the GWI Global Water Index this month. What will the new year bring?
European water stocks suffered the worst this month, as the EMEA segment of the GWI Global Water Index fell by more than 5%, led by double-digit declines at Kemira and Suez Environnement.
The poor performance dragged the whole index into negative territory, as it slipped by just under 1%, against an 0.7% rise in the underlying benchmark MSCI World ...
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