Back to news article list

Atuna Index Plunges: Most Major Tuna Shares Show Heavy Losses ff

14 October 2008 The Netherlands

The tuna share prices reported in the Atuna Stock Index suffered a severe drop of 16% in 7 days: from 102,82 points to 85,98 – a week record and the lowest number in 2 years.

 

Among the 27 companies composing the Atuna Stock Index, 16 saw their share prices fall last week.

 

Del Monte Foods, which has a 23% weight in the Index suffered a significant fall of 22% of its share prices, dropping to USD 7,53.

 

Thai Union Group accounted a 13% loss on its shares’ value and Connor Brothers Income Fund 11%. These two companies represent a 7% and a 5% of Atuna Index with share prices at USD 16,70 and USD 6,24 respectively.

 

The biggest fall came from Oman Fisheries Co shares, with 82% less value than last week.

 

Nevertheless, another important company for the Index, Nippon Suisan Kaisha, with 15% weight, had its stocks prices 28% up this week – USD 497.

 

The Atuna Stock Index is formed by the major tuna companies whose shares are publicly traded on stock markets around the world; companies which also have a major influence on the global tuna market.

Click here to go to the Atuna Stock Index