Most European chemical stocks bounce back Aug. 9 after dropping in morning trading

Alison Gallant

LOS ANGELES , August 9, 2011 (Industry Intelligence) – Most European chemical stocks bounced back after dropping dramatically in the morning of Aug. 9, ICIS news reported the same day.

By mid-afternoon Aug. 9, the Dow Jones Euro Stoxx Chemicals index was up 0.96% following huge sell-offs in the morning that came in response to the previous day’s sell-offs in U.S. and Asia.

Germany-based BASF SE saw its shares rise 1.92% as Netherlands-based Akzo Nobel N.V. saw its shares increase 2.98%. France-based Arkema SA shares jumped 4.03% while shares in Switzerland-based Clariant AG rose 4.13%. Belgium-based Solvay S.A. closed 2.72% higher for the day.

Several chemical stocks still languished, however, including Germany-based Bayer AG, closing down 4.78%, and Kali and Salz, which plunged 10.38%.

The primary source of this article is ICIS news, Surrey, England, Aug. 9, 2011.

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