Water stocks unchanged amid contagion
- From: Vol 12, Issue 3 (March 2011)
- Category: General
- Country: Singapore and United Kingdom
- Related Companies: American Water, Aqua America, Asia Environment Holdings, Beijing Enterprises Water Group, China Everbright, Degrémont (Suez), Energy Recovery Inc, Heckmann Corporation, Heilongjiang Interchina, Hyflux, Insituform, ITT, JAKS Resources Bhd, Keppel Corp, Kurita Water Industries, Nalco, Northumbian Water, Ranhill Utilities, Sabesp, Salcon Bhd, Sanepar, Severn Trent Services, Sinomem Technology, Sound Global, United Envirotech, United Utilities, Veolia and Water Resources Group
An essentially flat month for water stocks belied the wider contagion in the markets. Meanwhile, renewed hopes of a new M&A wave in the UK regulated water sector were short-lived.
The data capture point for this month meant that the GWI Global Water Index managed to avoid much of the market contagion associated with the Japanese earthquake, though the index did fall by 1%, narrowly outperforming the benchmark MSCI World Index, which was down 1.8%.
The tail end of the full-year results season provided mixed blessings for equity investors ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
