Stockwatch July 2007 - Wall Street Gains on Merger Activity
The PCI Manufacturers’ Stock Index continued its climb, adding 91.11 points, or
6.96 percent, almost topping 1400 to end at 1399.88. Advancing issues clearly
outweighed declining issues at a 9-to-1 count.
BASF continued its dominance from last month’s Suppliers’ Index, adding 11.28
points, or 10.03 percent in its two-month run-up. BASF was the top dollar
gainer on its first-quarter profitability, as mentioned last month, and was the
top dollar gainer again this session.