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The CW75 Index continued its volatile movement, finishing up 3.4% for the week ending September 18, in line with the Standard & Poor's 500 and outpacing the Morgan Stanley global composite index. The stock market responded favorably to news that the U.S. Federal Reserve cut the interest rate by a half percentage point, to 4.74%, on September 18.
The stock market fell earlier in the week because of uncertainty about whether the Fed would cut the interest rate and by how much, analysts say. Higher oil prices also weighed down on stocks, particularly basic chemical shares, analysts say.
Basic chemical stocks rose about 1%, diversified chemical shares increased 4.2%, and specialty chemical stocks improved 3.2%.
Shares of 57 companies gained for the week, while 16 declined. Huntsman and Lyondell Chemical finished flat for the week.
CW Index *
SEPTEMBER 18 227.07
WEEK AGO 219.51
QUARTER AGO 212.00
YEAR AGO 163.75
* Jan. 1, 2002 = 100.
CW75 stock performance
Marketcap Closing
Company Ticker Category * ($ millions) price
BASF BASFY D 65824 134.20
3M MMM D 65611 91.66
Bayer BAY D 62087 81.23
DuPont DD D 45382 49.30
Monsanto MON D 42480 77.88
DowChemical DOW D 41461 43.64
Air Liquide AIQUY S 31363 25.92
PotashCorp POT B 29180 92.37
Shin-Etsu SHECF B 28195 65.25
Sasol SSL B 27159 44.32
Praxair PX S 25483 79.67
Akzo Nobel AKZOY D 22623 79.06
Mosaic MOS B 20460 46.36
Air Products APO S 20000 92.55
Syngenta SYT D 19967 41.25
Linde LNAGF S 17980 111.71
ICI ICIYY S 15320 51.25
MEMC WFR S 13134 58.35
PPG Industries PPG D 12419 75.70
Solvay SVYSY D 12027 142.00
Lyondell Chemical LYO B 11735 46.30
Rohm and Haas ROH S 11727 54.70
Ecolab ECL S 10736 43.82
Royal DSM RDSMY D 9631 12.77
Sherwin-Williams SHW S 9027 69.00
Agrium AGU B …