Biofuels Digest Index gains 1.2 percent to close at 123.90; ethanol stock improve on better margin outlook

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, gained 1.20 percent Friday to close at 123.90 as Archer Daniels Midland and leading ethanol producers made recoveries from Thursday declines.

For the day, sector giant Archer Daniels Midland (ADM) gained 1.38 percent to close at $44.13. Among ethanol stocks, Aventine Renewable Energy (AVR) improved 0.84 percent to reach $8.40 by close, while Pacific Ethanol (PEIX) fell 1.02 percent to $5.82.

Among small caps, Texcom (TEXC.PK) fell 19.19 percent to $0.08, while Intrepid Technology & Resources (IESV.OB) gained 7.69 percent to close at $0.014 after a major fall on Thursday. Overall, declines led advances 3 to 2 for the day.

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