Graham, Mattel lead decline on Buffalo stock index
NEW YORK (Bloomberg) — Buffalo stocks fell for the second consecutive week, led by Graham Corp. and Mattel Inc.
The Bloomberg Buffalo Index dropped 1.64, or 0.7 percent, to 238.25. Thirty stocks fell, while 18 rose and two were unchanged. The index has declined 8.9 percent this year.
Graham, the Batavia-based maker of vacuum and heat-transfer equipment, led the laggards, falling $4.95, or 5 percent, to $93.40.
Mattel, the world’s biggest toymaker, fell $1.74, or 8.3 percent, to $19.33. The stock has risen 1.5 percent this year.
The Bullfinch Fund’s Unrestricted Series fund fell 19 cents to $13.77. Its Greater Western New York Series fund fell 5 cents to $14.23.
HSBC Holdings PLC’s American depositary receipts led the stocks that rose.
HSBC, Europe’s biggest bank by market value, rose $2.07, or 2.7 percent, to $78.71. Hindalco Industries Ltd., India’s largest producer of nonferrous metals, hired it and nine other banks to arrange a $1 billion loan.
