Water stocks maintain a slight edge
- From: Vol 9, Issue 10 (October 2008)
- Category: General
- Region: Unspecified
- Country:
The GWI Water Index fell steeply in the month to 10th October, but it stillmanaged to outperform the market as awhole. Some stocks did very well indeed, underscoring water’s defensive reputation.
Water stocks narrowly outperformed the rest of the market during the month leading up to the market meltdown on 10 October (see box below). Three stocks (Modern Water, a small-cap UK water technology company, Ranhill Berhad, a large-cap Malaysian engineer with some utility interests, and Calgon Carbon Corporation of the US) showed gains, while the remaining 63 stocks covered by ...
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