Biofuels Digest Index jumps to 29-month high of 84.35 on Dupont, Danisco news

January 11, 2011 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 2.93 percent to a 29-month high of 84.35 as Dupont’s proposed acquisition of Danisco ruled the headlines.  For the day, Dupont (DD) was off 1.47 percent to $49.03 on news of the $6.3 billion acquisition, while Danisco soared to 87.56 euros, up 28.29 percent. Among other equities, BlueFire Renewables (BFRE.OB) soared 28.57 percent to $0.45 as investors waited out news on a pending USDA loan guarantee application. Overall, advances led declines 7 to 3 for the day.

Category: Digest Index

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