MUMBAI (commodity Online): Cement stocks traded under selling pressure as the company’s monthly sales figures give a ‘thumbs-down’ owing to the reduced demand.

Leading cement makers traded with marginal losses on the Bombay Stock Exchange (BSE) today. India Cements Ltd (BOM: 530005) lost the most with over 1.2% down at Rs.108.90 in the afternoon trading session today.

Ambuja Cements Ltd (BOM: 500425), Ultratech Cements Ltd (BOM: 532538) and ACC Ltd (BOM: 500410) remained gripped with weakness as the stocks traded with loss of 0.5% each on the BSE today.

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Ambuja Cements traded at Rs.88.5%, while Ultratech Cements Ltd traded at Rs.764.8. ACC Ltd posted a fall in the shipments and traded low on the bourses at Rs.743.5 in the afternoon trades.

ACC's cement shipments fell 0.59% to 1.69 million tonnes in October 2009 over October 2008. The company unveiled the monthly sales figures on Monday, 2 November 2009, when the market was closed for a public holiday. The company's cement production fell 1.72% to 1.71 million tonnes in October 2009 over October 2008.

Cement production rose 3.48% to 17.83 million tonnes and dispatches increased 3.37% to 17.81 million tonnes during the period January- October 2009 over January-October 2008.

ACC has shed by close to 16% over past three months, while Ambuja Cements has plunged by close to 19% over the past three months from Rs.110.95 on Aug 5 to the recent levels. Whereas, UltraTech Cement has been better placed with loss of close to 5% over past three months, but India Cements has shed over 22% during the period plunging from Rs.154.60 during the start of August to its recent levels.

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