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December 17, 2008 | Jim Lane | Comments 0

Biofuels Digest Index soars 5.48 percent to 56.59 as large-caps, ethanol pure-plays advance

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, bounced up 5.48 percent to 56.59 on big gains by large caps and ethanol pure-plays.  Archer Daniels Midland (ADM) soared 8.89 percent to $28.65  pwhile Pacific Ethanol (PEIX) jumped 8.47 percent to close at $0.64. Among small caps, Biofuels Energy (BIOF) climbed 19.44 percent to $0.43. Overall, advances led declines 3 to 1 for the day.

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