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Biofuels Digest Index gains 1.73 percent on agribusiness, ethanol recovery

April 2, 2008

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.73 percent to close at 116.18 on gains in agribusiness and ethanol stocks.  Sector giantArcher Daniels Midland (ADM) rose 1.85 percent to close at $41.92.

Among ethanol stocks, Pacific Ethanol (PEIX) recovered 4.09 percent to close at $4.58, while VeraSun Energy (VSE) lost 1.36 percent to $7.25 on the date of its official merger with US BioEnergy (USBE). Among small caps, Xethanol (XNL) fell 7.50 percent to close at $0.37.  Overall, advances led declines 3 to 1.

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    Written by Jim Lane · Filed Under Biofuels Digest Index (BDI), Stock & Financial Outlook 

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