Against the current: Markets are down, yet Braskem S.A., POSCO, Sociedad Química y Minera de Chile S.A. go up and make this list of top gainers.
The leading indices are falling — Dow Jones drawing back 0.55% to 33,844. Nasdaq slipping 0.69% and closing at 12,082.
This downslide might be related to financial indicators data published earlier as United States Core Retail Sales published today at 12:30 UTC came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure.
Though markets had an unsatisfactory day yesterday, some basic_materials stocks manage to recover as Top Gainers. Take a look:
POSCO | +5.03% in mid-session
The steelmaker trades at ₩78.14 today, after closing yesterday at ₩74.39 and gaining ₩3.75 (5.03%).
Sociedad Quimica y Minera | +3.09% in mid-session
The Chilean lithium miner reached a significant high of $113.52 around 6 months ago but has lost 32.54% since then. So far this year, it has been doing worse than the Nasdaq by 14.87%. Sociedad Quimica y Minera's market cap is currently $22.55 billion with an average daily volume of 1.82 million shares. Sociedad Quimica y Minera expected revenue of $3 billion with an EPS of $3.8.
Braskem SA ADR | +5.68% in mid-session
22 days ago, the Brazilian petrochemical company fell to a low of $6.29 but has since recovered 31.48%. So far this year, it has been under-performing the Nasdaq by 14.86%. The company's market cap currently stands at $3.48 billion with an average daily trading volume of 731,145 shares. Braskem SA ADR is forecasted to generate revenues of $3.40 billion and EPS of $-1.09.