Biofuels Digest Indexâ„¢ gains 1.43 percent to reach 52-week high of 117.41 as ethanol stocks rise on Energy Bill passage

The Biofuels Digest Indexâ„¢, a basket of public biofuel stocks, rose 1.43 percent yesterday to a 52-week high of 117.42 as passage of the Energy Bill by the US House of Representatives led to strong increases for ethanol stocks.

Winners led losers 3 to 1 as gains were seen in diversified agribusiness and small cap stocks as enthusiasm spread over the sector.

For the day, Pacific Ethanol (PEIX) rose 9.03 percent to close at $7.73, while Xethanol (XNL) rose 14.63 percent to $0.47. Among small caps, GreenShift (GSHF.OB) doubled to close at $0.028, while Archer-Daniels-Midland (ADM) rose 1.08 percent to lead the large caps.

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