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December 16, 2008 | Jim Lane | Comments 0

Biofuels Digest Index edges up 0.07 percent to 53.65 on selected large-cap advance

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged up 0.07 percent yesterday to 53.65 on selected gains by larger cap stocks, despite a broad market decline.  Archer Daniels Midland (ADM) fell 1.09 percent to close at $26.31, while British Petroleum (BP) rose 1.51 percent to $47.75. Among small caps, Raven Biofuels leapt 45 percent to $0.29 . Overall, declines led advances 6 to 1 for the day.

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