Browse > Home / Biofuels Digest Index (BDI), Stock & Financial Outlook / Biofuels Digest Index leaps 2.94 percent on ethanol surge

Biofuels Digest Index leaps 2.94 percent on ethanol surge

May 20, 2008

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, jumped 2.94 percent yesterday to close at 123.63 on an ethanol surge. For the day, Archer Daniels Midland (ADM) gained 2.49 percent to close at $44.43, while Pacific Ethanol (PEIX) soared 42.81 percent to $4.57 on strong quarterly earnings that brought VeraSun Energy (VSE) up 18.09 percent to $7.31 and Aventine Renewable Energy (AVR) up 15.38 percent to $5.55.

Among small caps, Xethanol (XNL) also leaped 47.11 percent on the news to $0.559. Overall, advances led declines 3 to 1 for the day.

  • Biofuels Digest Index leaps 2.66 percent on agribusiness surge
    • The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, leapt 2.66 percent to close at 122.88 as agribusiness and small cap strength offset mixed results in the ethanol sector. For...
  • Biofuels Digest Index rockets up 4.70 percent to 85.02 on ethanol surge
    • The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 4.70 percent Friday to close the week at 85.02 on a surge in ethanol stocks.  For the day, Archer Daniels Midland (ADM) ...
  • Biofuels Digest Index leaps 5.61 percent to 66.86 as broad market rallies
    • The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 5.61 percent Friday to close at 66.85 as the broader markets advanced on announcement of a US government-led reorganizati...
  • Biofuels Digest Indexâ„¢ rises 0.90 percent to close at 105.14; ethanol stocks surge in wake of VeraSun, US BioEnergy merger and increased hopes for Energy Bill
    • The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 0.90 percent Friday to close at 105.41. Pure-play ethanol stocks surged on the news of the VeraSun (VSE) and US BioEnergy (US...
  • Biofuels Digest Index leaps 3.14 percent to 128.46 as agribusiness recovers strongly
    • The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, leaped 3.14 percent to 128.46 on strong performances in the diversified agribusiness sector. For the day, Archer Daniels ...
  • Biofuels Digest Index plunges 3.31 percent on US stock slide
    • The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, plunged 3.31 percent to 104.02 amidst a Wall Street bloodbath brought on by bad jobs data and a $10 surge in oil prices. For the...

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

    Comments

    Got something to say?

    You must be logged in to post a comment.