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Listed Agri outperforming the market
27 Apr 2009
The listed agribusiness sector outperformed the broader market during the past month and continues to perform strongly against other sectors, according to recently-released data by the Commonwealth Bank. The April Commonwealth Bank Agri Indicators Report revealed the listed agribusiness sector has swung back into positive territory during the past month to deliver gains of 12.8 per cent, outperforming the S&P/ASX200 which gained 12.4 per cent. Brendan White, Executive General Manager, Commonwealth Bank Agribusiness said as equity markets rallied last month, the sectors move back into positive territory is encouraging news for investors. "The resilience of the agribusiness sector was once again obvious during the past month. Of the 16 stocks in the Commonwealth Bank Agribusiness Indicator, 11 returned more than 10 per cent over the past month with seven stocks experiencing returns greater than 20 per cent," he said. "Whilst the sustainability of the recovery is critical, the last few weeks certainly have provided a more positive outlook for investors with exposure to stocks within the Agribusiness sector." Mr White said.
Commbank, 27/04/2009
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