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The CW75 Index rose 1.9% for the week ending February 19, reflecting positive fourth-quarter earnings results. Basic chemical stocks rose 5.5%, while diversified and specialty chemical shares increased 1% and 1.2%, respectively. Fertilizer stocks did well because of strong earnings results (CW, Feb. 11/18, p. 7).
Georgia Gulf topped the laggards' list because it reported a fourth-quarter loss of 54 cts/share, excluding charges of $6.62/ share. First Call's (Boston) analyst consensus estimate was for a loss of 25 cts/share. Declines in the North American construction markets forced profits down, Georgia Gulf says.
Monsanto has edged BASF out of the top position in the CW75 because Monsanto has the largest market cap. Strong earnings results, as well as Monsanto's news that it raised its full-year 2008 earnings outlook, drove up its stock price and market cap.
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Marketcap Closing
Company Ticker Category * ($ millions) price
Monsanto MON D 64592 117.87
BASF BASFY D 62913 129.80
Bayer BAYRY D 61369 80.29
3M MMM D 56387 79.85
Mosaic MOS B 48543 109.55
PotashCorp POT B 48211 152.50
DuPont DD D 41591 46.22
Dow Chemical DOW D 37041 39.18
Air Liquide AIQUY S 33023 27.75
Sasol SSL B 30891 50.54
Syngenta SYT D 26239 55.16
Praxair PX S 25776 81.44
Shin-Etsu SHECF B 22565 52.22
Al Nobel AKZOY D 21404 74.80
Linde LNAGF S 20212 122.75
Air Products APD S 19910 92.84
MEMC WFR S 17715 77.63
Ecolab ECL S 11524 46.79
PPG Industries PPG D 10719 65.24
Solvay SVYSY D 10638 125.60
Rohm and Haas ROH S 10493 54.20
Agrium AGU B 9107 67.96
Royal DSM RDSMY D 7293 10.05
Sigma-Aldrich SIAL S 7031 54.08
Sherwin-Williams SHW S 6482 53.03
Celanese CE D 6206 40.91
Eastman Chemical EMN D …