Biofuels Digest Indexâ„¢ soars 4.39 percent to 52-week high of 126.22 as Energy Act continues to spread euphoria; Index up 30 percent since October

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, gained 4.39 percent to close at another 52-week high of 126.22 as the roll-on effect of the signing of the Energy Independence Act continued to push the sector skywards. The Index has gained 29.55 points, or 30.5 percent, since October 3rd.

For the day, diversified agribusiness Archer-Daniels-Midland (ADM) leapt 4.62 percent to close at $43.29, while Aventine gained 8.52 percent to finish at $12.99 and lead the midcap stocks after receiving a boost from Calyon Securities analyst Kelly Dougherty in a note to investors.

Among small caps, Green Energy Resources (GRGR.PK) rose 13.55 percent to $0.176, while Better Biodiesel (BBDS.OB) fell 6.67 percent to close at $0.70.

Overall, gainers led losers by a margin of 2 to 1.

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