GGB - Basic materials sector saw double digit decline in Q2
Basic materials sector plunged 16.3% in Q2 and 10% for the past 12 months.
The industry is trading at a PE ratio of 24.3x, lower than its 3-year average PE of 27.1x.
Top five gainers in the basic materials sector in Q2 (stocks with a market cap of over $2B):
- Sigma Lithium ( SGML ) +16.84% .
- WD-40 ( WDFC ) +8.98% .
- Grupo Simec ( SIM ) +4.48%
- Ashland Global ( ASH ) +3.71% .
- Innospec ( IOSP ) +3% .
Top five decliners in the basic materials sector in Q2 (market cap of over $2B).
- Cleveland-Cliffs ( CLF ) -52.16% .
- United States Steel ( X ) -51.65% .
- Alcoa ( AA ) -50.56% .
- Companhia Siderurgica ( SID ) -47.3%.
- Lithium Americas ( LAC ) -45.4% .
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Basic materials sector saw double digit decline in Q2