Anda di halaman 1dari 104

Pepsico's bid for Quaker - A

Harvard Business School Case #801-458


Case Software #XLS099

Copyright © 2010 President and Fellows of Harvard College. No part of this product may be reproduced, stored in a
transmitted in any form or by any means—electronic, mechanical, photocopying, recording or otherwise—without the perm
Business School.

INTEGRANTES
MARIA PAOLA CARCAMO
JULIANA CARRILLO PEÑALOZA
FERNANDO GRILLO URIBE
JORGE PUENTES CASTILLO
e reproduced, stored in a retrieval system or
otherwise—without the permission of Harvard
Table B Potential Acquirer's Estimated Synergies ($ in millions)

Synergy Estimates Capitalized Value Potential


Savings Revenues Total Per OAT Share Takeover Price

Kellogg 300 150 450 $20.36 $95.36


Campbell 175 25 200 $9.05 $84.05
Philip Morris 300 150 450 $20.36 $95.36
Coca-Cola 150 500+ 650+ $30.00+ $105+
Pepsi-Cola 175 250 425 $19.23 $94.23
Nestle 250 150 400 $18.10 $93.10
Danone 175 100 275 $12.45 $87.45

Source: CSFB Equity Research Report on Quaker Oats, August 1, 2000.


PepsiCo
Date Open High Low Close Volume
4-Oct-00 45.0309 45.4036 44.1613 44.8446 4715900
3-Oct-00 47.6396 48.1365 45.2172 45.7141 5674900
2-Oct-00 46.3352 47.4532 46.0868 47.0806 5036700
29-Sep-00 45.2793 46.8321 45.1551 45.7141 4468400
28-Sep-00 45.0309 45.5899 44.7203 44.9688 2132700
27-Sep-00 44.2856 45.652 44.1613 45.2172 2391100
26-Sep-00 44.0992 44.8446 43.7266 44.1613 2111100
25-Sep-00 44.4098 45.0309 43.9129 44.534 2139600
22-Sep-00 44.534 45.5899 44.2234 45.093 5068300
21-Sep-00 41.9253 43.6644 41.8011 43.1054 3298400
20-Sep-00 42.857 43.1054 41.3663 41.3663 3316700
19-Sep-00 43.7266 44.0992 43.1054 43.6179 1910900
18-Sep-00 43.4781 43.975 43.1675 43.7266 1400100
15-Sep-00 44.3477 44.4719 43.1054 43.4781 3424000
14-Sep-00 43.8508 44.0371 42.857 43.8508 2946200
13-Sep-00 43.4781 44.534 43.416 44.4098 3228600
12-Sep-00 42.4843 43.975 42.4843 43.6023 2005100
11-Sep-00 41.8632 43.1675 41.8011 42.4843 1632100
8-Sep-00 42.5464 42.9812 41.9874 42.298 1851500
7-Sep-00 41.8011 43.3539 41.739 42.9191 3596700
6-Sep-00 41.9874 42.2359 41.0558 41.6769 2212800
5-Sep-00 41.9737 42.9643 41.3547 42.3452 2666800
1-Sep-00 42.0976 42.1595 41.6642 41.9118 1963400
31-Aug-00 41.5404 42.4071 40.7975 42.2369 3010600
30-Aug-00 42.2833 42.3452 41.2928 41.5404 2949200
29-Aug-00 42.469 42.7166 42.0976 42.0976 1903100
28-Aug-00 42.4071 43.5834 42.3452 42.9024 2069600
25-Aug-00 43.0262 43.0262 42.1595 42.3452 1763600
24-Aug-00 42.9024 43.6453 42.8405 43.0881 1717800
23-Aug-00 42.9643 43.2738 42.6547 42.9333 1402600
22-Aug-00 43.6453 43.7691 42.6547 42.8405 1776100
21-Aug-00 43.7072 44.0167 43.6453 43.8929 1403900
18-Aug-00 42.9024 43.831 42.6547 43.4595 2598500
17-Aug-00 43.3976 43.6453 42.6547 43.0726 2585300
16-Aug-00 43.7691 44.0786 42.2214 43.5834 6676000
15-Aug-00 46.1216 46.3073 45.5025 45.5025 2480000
14-Aug-00 46.3073 46.6169 45.3168 46.5549 3871000
11-Aug-00 44.8215 45.874 44.7596 45.3787 3756900
10-Aug-00 43.5834 44.8215 43.5834 44.6358 3483600
9-Aug-00 43.6453 44.2643 43.4595 43.5834 3574900
8-Aug-00 44.6358 45.0072 43.831 44.0167 3456700
7-Aug-00 44.3882 44.5739 44.1405 44.2024 1840800
4-Aug-00 45.0691 45.0691 44.3263 44.6358 3164100
3-Aug-00 45.193 45.4406 44.5739 44.6977 4031300
2-Aug-00 44.8834 45.4406 44.4501 45.193 2421300
1-Aug-00 44.7596 45.7501 44.5739 45.4406 3561500
31-Jul-00 44.3263 45.812 43.3357 45.3787 5129900
28-Jul-00 43.831 44.8215 43.7072 44.3263 4039000
27-Jul-00 43.3976 44.2024 43.3976 43.8929 2512400
26-Jul-00 43.831 44.2024 43.3976 43.3976 5400100
25-Jul-00 43.0881 44.4501 43.0262 43.7072 3886800
24-Jul-00 43.4595 43.7691 43.15 43.2119 2646100
21-Jul-00 43.7072 43.9548 43.3357 43.831 3349900
20-Jul-00 43.3357 43.9548 43.2738 43.3357 3817100
19-Jul-00 42.7166 43.8929 42.7166 42.9643 4328300
18-Jul-00 42.5309 43.2119 42.2833 42.5928 4271500
17-Jul-00 41.107 42.7785 40.9213 42.469 4521700
14-Jul-00 40.1165 41.6642 39.745 41.2928 4642400
13-Jul-00 41.107 41.2928 39.4355 39.9927 6162000
12-Jul-00 40.3022 40.3022 39.3117 39.3736 4286200
11-Jul-00 40.6118 40.6118 39.8689 40.2403 4122500
10-Jul-00 41.107 41.2928 40.1165 40.5499 4691100
7-Jul-00 42.0976 42.5928 41.6642 42.0356 3557000
6-Jul-00 42.7166 43.7691 42.5928 43.4595 2527700
5-Jul-00 42.4071 43.3976 42.3452 42.9643 3503900
3-Jul-00 43.4595 43.5834 42.469 42.5928 2001300
30-Jun-00 41.9737 44.1251 41.2308 44.0167 8258100
29-Jun-00 42.5928 43.0881 42.1595 42.3452 2972300
28-Jun-00 42.5928 43.4595 41.788 42.9952 3043400
27-Jun-00 42.5928 43.6453 42.4071 43.0262 3950800
26-Jun-00 41.9737 43.3357 41.9737 43.15 3391700
23-Jun-00 41.4785 41.788 40.9832 41.6642 3736600
22-Jun-00 41.6023 42.3452 41.1689 41.5404 3282800
21-Jun-00 41.107 42.1595 40.4879 41.8499 3783800
20-Jun-00 42.5928 42.7166 40.7356 40.7356 4306500
19-Jun-00 43.3976 43.7072 43.15 43.2738 3689700
16-Jun-00 43.3976 43.5214 43.2119 43.3357 6044800
15-Jun-00 42.5928 43.5214 42.469 42.9643 5856600
14-Jun-00 42.5928 43.3357 42.2833 43.0881 5736800
13-Jun-00 41.9737 42.5928 41.8499 42.4071 6619800
12-Jun-00 41.107 42.0356 41.107 41.5713 3470300
9-Jun-00 41.3547 42.0976 40.6737 40.8594 3119600
8-Jun-00 40.6737 42.0356 40.6118 42.0356 5686600
7-Jun-00 40.1784 41.4166 39.9927 40.9213 3652200
6-Jun-00 39.3116 40.7973 39.2496 40.6116 3996900
5-Jun-00 39.4354 39.7449 38.9401 39.1258 1968300
2-Jun-00 40.0545 40.364 39.4354 39.9306 3212200
1-Jun-00 40.0545 40.8593 39.4354 39.683 3685900
31-May-00 40.1783 40.7354 40.1783 40.3021 3222300
30-May-00 39.9306 40.6116 39.4354 40.6116 4196400
26-May-00 39.1258 40.6116 39.1258 40.6116 3261000
25-May-00 38.7544 39.6211 38.5068 39.5592 4494200
24-May-00 39.4973 40.4259 39.4354 40.364 5443100
23-May-00 38.9401 39.1877 38.4448 39.0639 2896700
22-May-00 38.6306 39.7449 38.1972 39.3735 6425600
19-May-00 38.8782 39.2496 38.6306 38.8782 2577700
18-May-00 38.6306 39.4973 38.6306 39.1413 2544800
17-May-00 38.0115 38.9401 38.0115 38.6306 2963400
16-May-00 38.5687 39.3735 38.2591 38.7544 3736300
15-May-00 38.6306 39.4973 38.3829 39.002 3519200
12-May-00 38.1972 39.1258 38.1972 39.1258 3598200
11-May-00 37.64 39.6211 37.64 39.6211 5743100
10-May-00 37.8258 38.9401 37.64 38.8163 8784400
9-May-00 37.5781 38.0115 36.9591 37.3305 4305000
8-May-00 37.3305 37.5781 37.021 37.5781 3246100
5-May-00 35.9066 37.3305 35.9066 37.1448 2252700
4-May-00 37.021 37.3305 36.2781 36.34 2320400
3-May-00 36.7114 37.4543 36.7114 37.2067 3802100
2-May-00 36.7114 37.3305 35.8447 37.1448 3228300
1-May-00 36.0923 36.8971 35.7828 36.6495 2130100
28-Apr-00 36.2781 36.5257 35.8447 36.34 2279900
27-Apr-00 36.7733 37.2067 36.4019 37.0829 2825500
26-Apr-00 37.0829 37.7639 36.7733 37.3924 3345300
25-Apr-00 36.7733 37.3924 36.6495 37.0829 3344800
24-Apr-00 36.34 37.9496 36.2781 37.5162 4457300
20-Apr-00 36.4019 37.1448 35.5971 36.8352 4931800
19-Apr-00 35.5971 36.0304 34.4827 34.978 2949900
18-Apr-00 35.7828 35.9066 34.6685 35.5971 2980300
17-Apr-00 35.4733 36.2781 34.297 36.2781 3648700
14-Apr-00 36.34 36.34 35.1637 36.0923 3407300
13-Apr-00 36.2162 36.5876 35.9066 36.0923 2835500
12-Apr-00 35.9066 37.5162 35.9066 36.8971 4071700
11-Apr-00 35.7209 36.8352 35.7209 36.7114 2408600
10-Apr-00 35.659 36.5876 35.5352 35.9066 2549500
7-Apr-00 36.0923 36.2162 34.978 35.659 3829600
6-Apr-00 36.34 36.9591 35.7828 36.4638 4050000
5-Apr-00 36.6495 37.021 36.1542 36.4019 4780500
4-Apr-00 35.7828 36.8971 35.1018 36.0923 5803400
3-Apr-00 34.297 36.0304 34.297 35.7828 4337100
31-Mar-00 35.659 35.7209 34.2351 34.5446 4957600
30-Mar-00 33.616 35.5971 33.4922 35.5971 6850900
29-Mar-00 32.0683 33.3684 32.0683 32.935 4254400
28-Mar-00 31.3873 32.8112 31.2635 32.1921 4814300
27-Mar-00 32.4398 32.6255 31.2635 32.0528 3397100
24-Mar-00 32.6874 33.1827 32.254 32.6255 3345700
23-Mar-00 32.5636 33.6779 32.4398 33.1827 3792400
22-Mar-00 33.9875 34.0494 32.4398 33.1827 3431700
21-Mar-00 33.0589 33.9875 32.316 33.9875 5479700
20-Mar-00 32.1921 33.3065 31.9445 32.935 2643800
17-Mar-00 32.6874 33.616 32.5017 32.6874 4464500
16-Mar-00 32.6874 33.8637 31.9445 33.7398 5410300
15-Mar-00 30.1492 32.8731 30.0254 32.8731 5463800
14-Mar-00 30.3349 30.4587 29.8396 30.3968 4602900
13-Mar-00 29.8396 30.8921 29.8396 30.8302 4308000
10-Mar-00 30.7683 31.0778 30.2111 30.4587 3649100
9-Mar-00 30.4587 31.4492 30.3349 31.0778 3913200
8-Mar-00 30.7063 31.2016 29.7777 30.2111 5159800
7-Mar-00 30.7062 31.2015 29.4062 30.3348 7053200
6-Mar-00 30.7681 31.1396 30.3967 30.7062 4457900
3-Mar-00 32.192 32.192 31.0158 31.3253 4626600
2-Mar-00 32.3777 32.5634 31.2634 31.2634 5170400
1-Mar-00 31.6967 32.6254 31.5729 32.2539 5496400
29-Feb-00 32.5634 32.7492 31.8206 31.8206 4635500
28-Feb-00 32.873 33.554 32.4396 32.9349 3654700
25-Feb-00 33.6778 34.0492 32.3777 32.4396 4205500
24-Feb-00 33.7397 34.0492 32.873 33.6778 3612800
23-Feb-00 33.9873 34.4207 33.6778 33.8635 3249300
22-Feb-00 33.9873 34.5445 33.8016 34.3588 2929400
18-Feb-00 34.0492 34.4207 33.6159 33.9254 3664500
17-Feb-00 34.235 34.4826 33.9254 33.9873 2847700
16-Feb-00 33.8016 34.4826 33.6159 33.6778 4606800
15-Feb-00 33.6778 34.5445 33.6778 33.8635 3909600
14-Feb-00 33.8635 34.173 33.6159 33.7397 3493300
11-Feb-00 34.6683 34.7921 33.6778 34.0492 5530400
10-Feb-00 34.5445 34.5445 33.7397 34.2969 5909500
9-Feb-00 34.6683 34.7921 33.4302 33.6778 8432500
8-Feb-00 32.9968 33.4302 32.6873 32.9968 5010500
7-Feb-00 32.5634 32.873 31.9444 32.0682 3999700
4-Feb-00 33.3063 33.8016 32.3158 32.4396 3885600
3-Feb-00 32.6873 33.0587 32.3158 32.7492 3662900
2-Feb-00 33.4302 33.6159 32.6254 32.6873 3289100
1-Feb-00 33.6778 33.9873 33.3682 33.6778 3602600
31-Jan-00 33.1825 34.0492 32.9349 33.8016 2989600
28-Jan-00 33.2444 33.6778 32.873 32.9349 4090800
27-Jan-00 33.6778 33.9873 32.9349 33.4921 2610100
26-Jan-00 33.9873 34.6064 33.4302 33.6159 3174100
25-Jan-00 34.9778 35.0398 33.554 33.9873 4356500
24-Jan-00 35.8446 36.0303 34.4826 34.9778 3785000
21-Jan-00 35.8446 36.0922 35.4112 35.7826 4454400
20-Jan-00 36.0922 36.0922 35.6588 35.7826 3106100
19-Jan-00 36.5255 36.5255 35.5969 36.0922 3999700
18-Jan-00 35.5969 36.6494 35.2255 35.9065 4821600
14-Jan-00 35.7207 36.4636 35.5969 35.8446 5413700
13-Jan-00 35.9684 36.2779 35.5969 35.5969 3144200
12-Jan-00 36.4017 36.897 35.9684 35.9684 4267300
11-Jan-00 36.897 37.2684 36.2779 36.4017 5607800
10-Jan-00 37.7637 37.8256 36.2779 36.5255 6402500
7-Jan-00 36.5255 38.259 36.3398 37.2684 10527800
6-Jan-00 34.4207 36.5255 34.173 36.2779 6863100
5-Jan-00 35.4731 35.9684 34.5445 34.7302 5701900
4-Jan-00 36.216 37.2065 35.4112 35.5969 4555700
3-Jan-00 35.0398 37.0208 34.6683 36.5255 5298400
31-Dec-99 35.1636 35.3493 34.9159 34.9159 1223500
30-Dec-99 35.1636 35.7826 35.1636 35.1636 1939400
29-Dec-99 36.2779 36.4017 35.2255 35.2255 1189400
28-Dec-99 35.9065 36.7732 35.7826 36.2779 4185700
27-Dec-99 34.854 36.0922 34.854 36.0922 2452300
23-Dec-99 35.2255 35.6588 34.7921 35.1017 2765700
22-Dec-99 34.7302 35.0398 34.4826 34.7302 3809400
21-Dec-99 34.7921 35.1017 34.235 34.5445 4263400
20-Dec-99 34.4826 35.6588 34.4207 35.0707 6300600
17-Dec-99 34.2969 34.7921 34.173 34.6683 5427400
16-Dec-99 34.173 34.235 33.4921 33.6778 4415800
15-Dec-99 34.7302 34.7302 34.1111 34.3588 2771000
14-Dec-99 34.4207 35.2874 34.4207 34.7921 4302300
13-Dec-99 37.0827 37.0827 34.6683 34.9778 5867400
10-Dec-99 36.2779 36.5874 36.0303 36.5874 4618700
9-Dec-99 36.8351 36.897 35.4112 35.5969 3755700
8-Dec-99 36.216 37.0827 36.216 36.6648 4648600
7-Dec-99 36.2778 36.9588 36.2778 36.5873 5861600
6-Dec-99 36.7111 37.0826 35.9682 36.5254 5641000
3-Dec-99 36.0301 37.3921 35.9682 36.773 7442800
2-Dec-99 34.0491 36.6492 33.8015 36.3397 8161800
1-Dec-99 33.9872 34.4825 33.9253 34.1574 2953000
30-Nov-99 33.8634 34.6063 33.8634 34.2348 3090200
29-Nov-99 34.5444 34.6063 33.7396 34.3586 4712500
26-Nov-99 34.9777 35.0396 34.4825 34.5444 1328300
24-Nov-99 35.5349 35.5968 34.6682 34.8539 3406400
23-Nov-99 36.154 36.773 35.5349 35.7206 6060900
22-Nov-99 34.792 36.2778 34.4205 35.9682 8637400
19-Nov-99 34.2967 34.792 33.8015 34.1729 4527200
18-Nov-99 33.8015 34.2967 33.6777 34.2348 4350500
17-Nov-99 33.3062 34.2967 33.1824 33.8015 4214300
16-Nov-99 32.1919 33.43 32.13 33.43 3370300
15-Nov-99 32.5014 32.811 31.8823 32.2538 2604200
12-Nov-99 32.6252 32.811 32.2538 32.811 2409500
11-Nov-99 32.2538 32.5014 32.13 32.4395 3282500
10-Nov-99 32.4395 32.749 32.2538 32.3776 4237500
9-Nov-99 33.3681 33.43 32.4395 32.4395 2391400
8-Nov-99 33.2443 33.6158 33.1824 33.3681 2449400
5-Nov-99 32.6871 33.7396 32.6871 33.4919 4080100
4-Nov-99 33.9253 34.2348 31.7585 32.6871 4683900
3-Nov-99 33.4919 33.9872 33.43 33.9253 2898500
2-Nov-99 33.3062 33.9872 33.2443 33.3681 2682900
1-Nov-99 34.111 34.2348 33.2443 33.2443 3635000
29-Oct-99 34.4825 34.792 34.1729 34.3586 4276900
28-Oct-99 33.9872 34.4205 33.9253 34.3586 3590000
27-Oct-99 33.6158 33.8015 32.8729 33.7396 3924000
26-Oct-99 33.9253 34.1729 33.43 33.5538 2480500
25-Oct-99 33.7396 34.3586 33.43 33.9253 2336800
22-Oct-99 33.1205 33.9872 33.0586 33.8015 2791500
21-Oct-99 32.811 33.0586 32.6252 32.9967 2986400
20-Oct-99 33.3062 34.0491 32.811 32.811 4008200
19-Oct-99 32.9967 33.5538 32.9348 33.5538 4484300
18-Oct-99 31.7585 32.749 31.6966 32.5633 3756900
15-Oct-99 32.1919 32.5014 31.8823 31.8823 5503300
14-Oct-99 33.1824 33.6777 33.0586 33.2443 3415100
13-Oct-99 33.8015 34.2348 33.0586 33.0586 3194900
12-Oct-99 34.2967 34.4825 33.7396 34.0491 3433000
11-Oct-99 33.9253 34.5444 33.8634 34.3586 3516600
8-Oct-99 32.9348 34.4825 32.8729 34.0491 5304800
7-Oct-99 32.9348 33.1824 32.5014 32.811 3308100
6-Oct-99 31.9443 33.1205 31.8204 32.8729 6161000
5-Oct-99 31.9443 32.0062 30.8918 31.1395 4588700
4-Oct-99 31.0775 31.5109 30.5204 31.5109 3567400
1-Oct-99 30.087 31.0775 29.8394 31.0775 3623600
30-Sep-99 30.8299 30.9537 29.9632 30.23 3422800
29-Sep-99 31.2633 31.7585 30.4585 30.7061 3651400
28-Sep-99 31.6966 31.9443 31.3252 31.5109 3059900
27-Sep-99 32.13 32.3157 31.8823 32.1919 3383600
24-Sep-99 30.7061 32.0681 30.5823 31.6347 4361600
23-Sep-99 31.8823 32.2538 31.2014 31.3252 3416900
22-Sep-99 32.6252 32.6871 31.9443 32.4395 3096300
21-Sep-99 33.5538 33.7396 32.5014 32.6871 2924600
20-Sep-99 33.3062 33.6158 33.2443 33.6158 2268000
17-Sep-99 32.9967 33.7396 32.9967 33.3062 4557000
16-Sep-99 33.1824 33.7396 32.811 32.8729 3608800
15-Sep-99 32.811 33.3062 32.6252 33.1824 4582200
14-Sep-99 32.3157 32.3776 31.6966 32.1919 5019500
13-Sep-99 32.6871 32.8729 32.3776 32.6871 3503600
10-Sep-99 33.6777 33.6777 32.6871 32.9967 4966500
9-Sep-99 33.0586 33.6777 32.6871 33.6777 4718600
8-Sep-99 32.6871 33.5538 32.6252 33.1824 5190800
7-Sep-99 34.1728 34.4823 33.1823 33.368 4044000
3-Sep-99 34.1728 34.5442 33.9252 34.2966 3934500
2-Sep-99 33.1823 33.6156 33.0585 33.2442 2220200
1-Sep-99 33.7394 33.8632 33.1823 33.5537 3947000
31-Aug-99 33.9252 33.9871 33.4918 33.8013 4022400
30-Aug-99 34.668 34.668 33.6775 33.9252 4021000
27-Aug-99 35.1014 35.349 34.8538 34.9776 2987600
26-Aug-99 35.1633 35.2871 34.7919 35.1014 3537300
25-Aug-99 34.3585 35.5347 34.3585 35.4109 5054200
24-Aug-99 34.668 34.8538 33.8632 34.1109 4824000
23-Aug-99 35.4109 35.4728 34.668 34.7919 3870200
20-Aug-99 35.0395 35.2871 34.9776 35.2252 4932000
19-Aug-99 35.1633 35.4109 34.668 35.0395 6476300
18-Aug-99 36.2776 36.3395 35.1633 35.4109 7465100
17-Aug-99 38.0729 38.0729 36.3395 36.8967 3906100
16-Aug-99 37.6396 38.1348 37.5777 38.1348 1475000
13-Aug-99 38.3825 38.5063 37.5777 37.7015 2074600
12-Aug-99 37.9491 38.5682 37.9491 38.1348 1723600
11-Aug-99 38.8777 38.8777 37.6396 37.9491 1808200
10-Aug-99 38.0729 38.8158 37.6396 38.5682 2377800
9-Aug-99 36.8348 38.1968 36.8348 38.0729 1991600
6-Aug-99 37.2062 37.392 36.4014 36.711 2813700
5-Aug-99 37.8253 38.2587 37.6396 37.6396 2821100
4-Aug-99 38.0729 38.5682 37.6396 37.8253 2573800
3-Aug-99 38.1348 38.3206 37.8253 37.9491 2237800
2-Aug-99 38.3206 38.8777 38.011 38.1968 2023200
30-Jul-99 38.6301 39.0015 38.5682 38.5682 2659300
29-Jul-99 38.7539 39.3111 38.5682 38.692 2134400
28-Jul-99 39.373 39.5587 39.0635 39.4968 2512700
27-Jul-99 39.1254 39.5587 39.0015 39.373 3187000
26-Jul-99 39.3111 39.6825 39.1254 39.2492 3266000
23-Jul-99 39.2492 39.9921 39.0015 39.0015 3020300
22-Jul-99 39.1254 40.1778 39.1254 39.4349 5063700
21-Jul-99 40.6111 41.1064 39.1873 39.9302 10502500
20-Jul-99 37.8253 38.5682 37.8253 38.5063 2399000
19-Jul-99 39.1254 39.1873 37.7634 38.1968 2941800
16-Jul-99 38.1348 38.8777 37.7634 38.8777 2500700
15-Jul-99 38.1348 38.3825 37.9491 38.2587 1949400
14-Jul-99 38.3825 38.4444 37.7634 38.0729 2063300
13-Jul-99 38.1968 38.9396 38.0729 38.692 2981500
12-Jul-99 38.3825 38.3825 38.1348 38.3825 2555000
9-Jul-99 37.9491 38.3206 37.6396 38.1348 1914400
8-Jul-99 37.6396 38.3206 37.5777 38.1968 3109800
7-Jul-99 37.5158 37.9491 37.392 37.8872 3048900
6-Jul-99 36.9586 37.8253 36.9586 37.2681 2595100
2-Jul-99 37.3301 37.5777 37.0824 37.2681 2067000
1-Jul-99 38.0729 38.5682 37.2062 37.4539 3884900
30-Jun-99 36.6491 38.5682 36.6491 38.3206 5528300
29-Jun-99 37.1443 38.1348 37.0205 37.6396 6560100
28-Jun-99 35.5966 37.2062 35.5966 36.4633 5194000
25-Jun-99 34.7919 36.2776 34.7919 35.4109 3831100
24-Jun-99 35.349 35.4109 34.7919 35.0395 2805900
23-Jun-99 35.2871 35.9681 35.1633 35.4728 3115100
22-Jun-99 34.8538 36.3395 34.8538 35.7205 3169300
21-Jun-99 35.0395 35.5347 34.7919 34.7919 2452200
18-Jun-99 35.6586 35.8443 35.4109 35.6586 3864900
17-Jun-99 34.9776 35.9681 34.9776 35.9681 2296700
16-Jun-99 35.4728 35.9062 35.4109 35.4109 3442900
15-Jun-99 34.7919 35.8443 34.7919 35.2871 3273100
14-Jun-99 35.4109 35.4728 34.668 34.8538 3684400
11-Jun-99 35.2871 35.9681 35.0395 35.0395 3943900
10-Jun-99 34.7299 34.9776 34.668 34.7919 3184800
9-Jun-99 34.9157 35.5347 34.7919 34.8538 3020600
8-Jun-99 35.4727 35.6584 35.2251 35.3489 3259600
7-Jun-99 35.7203 35.968 35.7203 35.8441 2841100
4-Jun-99 35.8441 36.0918 35.7822 35.968 2853100
3-Jun-99 35.7822 36.0299 35.6584 35.6584 2988700
2-Jun-99 35.7203 36.2775 35.7203 35.906 2416000
1-Jun-99 35.5965 36.2775 35.5346 36.0299 2741700
28-May-99 35.6584 36.0299 35.1632 35.1632 2938700
27-May-99 35.7822 36.5251 35.4108 35.6584 4353900
26-May-99 37.1442 37.4537 35.8441 36.4013 4600000
25-May-99 37.4537 38.3204 37.1442 37.1442 3316900
24-May-99 37.7633 38.1347 37.1442 37.4537 2748000
21-May-99 37.268 38.1966 37.0823 37.949 5403700
20-May-99 37.268 37.3918 36.7108 37.268 3485800
19-May-99 37.268 37.3918 36.6489 37.1442 3470400
18-May-99 37.1442 37.7633 36.7108 37.3918 3330800
17-May-99 37.1442 37.6394 37.0204 37.268 4118900
14-May-99 36.587 38.0728 36.4013 37.8252 6751900
13-May-99 35.287 37.0823 34.9155 36.7727 8116900
12-May-99 34.7917 35.4108 33.925 35.1632 7280700
11-May-99 34.6679 34.8536 33.7393 34.2965 10294000
10-May-99 35.6584 35.7822 34.7917 34.9155 6421200
7-May-99 36.1537 36.4013 35.968 36.4013 4034100
6-May-99 36.6489 36.7108 36.0918 36.3394 3685800
5-May-99 36.7108 37.0823 36.4632 36.8966 2547300
4-May-99 36.4013 36.8347 36.3394 36.7108 3484000
3-May-99 36.587 37.1442 36.2775 37.0823 3100300
30-Apr-99 36.3394 37.0204 36.2775 36.587 3545200
29-Apr-99 37.0823 37.7014 36.2775 36.587 4873700
28-Apr-99 37.3918 37.5156 37.0204 37.2061 3366000
27-Apr-99 36.6489 37.5775 36.6489 37.4537 5180700
26-Apr-99 36.0299 36.7727 35.968 36.4013 4375400
23-Apr-99 35.906 37.1442 35.7822 35.906 9796300
22-Apr-99 38.63 41.0443 36.1537 36.587 19307000
21-Apr-99 37.0204 38.568 36.9585 38.568 4515400
20-Apr-99 36.5251 37.268 36.4013 36.7727 4736300
19-Apr-99 36.0918 37.1442 36.0299 36.4013 5446800
16-Apr-99 36.6489 36.9585 35.968 36.0918 5455500
15-Apr-99 38.1347 38.2585 36.6489 36.6489 7794200
14-Apr-99 37.5775 37.8252 37.3918 37.6394 3166700
13-Apr-99 38.568 39.0014 37.5775 37.7633 2722500
12-Apr-99 37.5156 39.1252 37.5156 39.1252 4153900
9-Apr-99 37.7014 37.949 37.4537 37.8871 2600100
8-Apr-99 37.0204 38.3204 37.0204 38.1347 3184100
7-Apr-99 37.7014 37.8871 37.0204 37.0823 3652100
6-Apr-99 37.7633 38.3204 37.4537 37.8871 2967300
5-Apr-99 38.3204 38.7538 37.8871 38.5061 2979100
1-Apr-99 38.8157 39.0633 38.1347 38.2585 2169800
31-Mar-99 39.3728 39.4967 38.1347 38.8157 5570800
30-Mar-99 39.6205 39.8062 39.1871 39.4967 4271000
29-Mar-99 39.6205 40.6729 39.5586 40.3014 4926500
26-Mar-99 38.9395 39.93 38.8157 39.6205 4893200
25-Mar-99 38.0109 39.1252 38.0109 38.8776 3400200
24-Mar-99 38.4442 38.6919 37.8871 37.8871 2698700
23-Mar-99 38.7538 38.8157 37.3299 38.5061 5519700
22-Mar-99 39.5586 39.5586 38.7538 39.3728 3403500
19-Mar-99 39.9919 40.0538 39.4347 39.5586 4516600
18-Mar-99 39.249 39.93 39.1871 39.7443 3655400
17-Mar-99 39.5586 39.93 39.1871 39.6824 4942000
16-Mar-99 38.63 39.7443 38.63 39.4967 5374100
15-Mar-99 38.1347 38.8776 37.8871 38.5061 2700200
12-Mar-99 38.1347 38.6919 37.8871 38.1347 4789000
11-Mar-99 38.1347 38.4442 37.3918 37.7014 4499200
10-Mar-99 37.8252 37.8871 37.268 37.7014 4785500
9-Mar-99 38.1965 38.6298 37.7631 38.0727 3341800
8-Mar-99 39.187 39.2489 37.9489 38.6917 3460000
5-Mar-99 38.3203 39.5584 38.1346 39.4965 4880800
4-Mar-99 37.0202 37.7012 36.525 37.3917 3487800
3-Mar-99 37.0822 37.0822 35.844 36.8964 3370200
2-Mar-99 37.2679 37.3917 36.525 36.525 3170500
1-Mar-99 38.0727 38.0727 36.525 37.6393 3830100
26-Feb-99 37.7631 38.3203 36.8345 37.206 4755200
25-Feb-99 37.9489 38.6917 37.4536 37.9489 3450700
24-Feb-99 38.6917 39.4346 37.8869 38.6298 3971300
23-Feb-99 39.5584 39.868 39.0013 39.1251 3695200
22-Feb-99 38.5679 39.868 38.4441 39.1251 3855700
19-Feb-99 37.0822 39.3108 37.0202 38.8155 5279900
18-Feb-99 37.206 37.7631 37.0202 37.206 1977200
17-Feb-99 36.9583 38.3822 36.8345 37.206 2687100
16-Feb-99 36.9583 37.5774 36.8345 36.8964 2466800
12-Feb-99 37.2679 37.6393 36.7107 36.7726 2349100
11-Feb-99 37.7012 38.1965 37.2679 37.5155 2319400
10-Feb-99 37.3298 38.1346 37.1441 38.1346 2976400
9-Feb-99 37.6393 38.1965 36.6488 37.3917 3103700
8-Feb-99 37.2679 38.2584 36.8964 37.9489 3027400
5-Feb-99 37.5155 38.1965 37.1441 37.5155 2914500
4-Feb-99 38.3822 38.3822 37.2679 37.7012 3538900
3-Feb-99 38.0108 39.5584 37.825 38.4441 4212700
2-Feb-99 38.0108 39.2489 37.8869 38.5679 4127100
1-Feb-99 38.4441 38.4441 37.7631 37.7631 2366800
29-Jan-99 39.187 39.187 38.0727 38.6298 2857000
28-Jan-99 39.7441 40.1156 39.1251 39.4346 2989800
27-Jan-99 38.9394 40.1775 38.5679 39.7441 4057300
26-Jan-99 39.9918 40.1156 38.6917 39.3108 4464200
25-Jan-99 39.1251 39.9918 38.506 39.868 5255500
22-Jan-99 37.5774 38.7536 37.1441 38.5679 3931200
21-Jan-99 37.7012 38.0108 37.2679 37.5774 3152300
20-Jan-99 37.3917 38.5679 37.3298 38.0727 2901100
19-Jan-99 38.8775 39.0013 37.1441 37.1441 4820400
15-Jan-99 38.6298 39.4346 38.2584 39.1251 2940300
14-Jan-99 39.4965 39.4965 37.4536 38.3822 5094800
13-Jan-99 38.3203 39.9918 38.2584 39.868 3226000
12-Jan-99 39.6822 40.3013 39.3727 39.6203 3467200
11-Jan-99 41.6013 42.1585 40.3632 40.487 7371700
8-Jan-99 40.3013 41.4156 39.2489 40.9823 5191700
7-Jan-99 40.3013 41.2299 39.9918 40.3632 3369000
6-Jan-99 40.3013 41.5394 40.2394 41.4156 4216500
5-Jan-99 39.6822 41.3537 39.6822 40.3632 3616900
4-Jan-99 40.2394 41.2918 39.8061 40.3013 3221600
31-Dec-98 40.1775 40.6108 39.868 40.487 2316800
30-Dec-98 40.6108 41.0442 39.6203 39.6203 1804700
29-Dec-98 39.6203 41.2299 39.6203 40.6108 3543600
28-Dec-98 39.868 40.3632 39.6822 39.868 2093500
24-Dec-98 39.4965 40.1156 39.4965 40.0537 723100
23-Dec-98 39.3108 40.0537 39.2489 39.9299 3165500
22-Dec-98 38.8775 39.4965 38.6917 39.187 2603700
21-Dec-98 39.0013 39.9918 39.0013 39.2489 3917600
18-Dec-98 38.1346 39.187 37.9489 39.0013 4322100
17-Dec-98 37.3917 38.2584 37.3298 38.1346 4059500
16-Dec-98 37.5774 37.8869 37.206 37.3298 3032500
15-Dec-98 37.2679 38.4441 36.8345 37.825 3954700
14-Dec-98 36.8345 37.2679 36.2774 36.7107 3264700
11-Dec-98 37.1441 37.5774 36.8345 37.4536 2622200
10-Dec-98 38.3822 38.506 37.3298 37.6393 3388800
9-Dec-98 38.7536 39.3108 38.3203 38.8155 2903600
8-Dec-98 39.2488 39.5583 38.6297 38.9392 2934000
7-Dec-98 38.6297 39.1249 38.3821 39.063 2801000
4-Dec-98 39.9916 40.5488 38.9392 39.063 4053500
3-Dec-98 39.1249 40.1155 38.9392 39.1249 2918700
2-Dec-98 40.1155 40.3012 39.1249 39.3726 3488100
1-Dec-98 38.6297 40.8583 38.3202 40.5488 7689500
30-Nov-98 37.8868 39.8059 37.8249 38.3202 5183100
27-Nov-98 37.6392 38.7535 37.5773 38.7535 2557000
25-Nov-98 37.0201 37.6392 36.7106 37.5773 2714800
24-Nov-98 36.8963 37.5773 36.5249 36.8963 3388400
23-Nov-98 36.6487 37.2678 36.2153 37.1439 3883300
20-Nov-98 37.4535 37.5154 36.4011 36.9582 3072400
19-Nov-98 36.7106 37.3916 36.6487 37.0201 3794700
18-Nov-98 36.5249 36.8963 36.3392 36.7725 2349700
17-Nov-98 36.9582 37.2678 36.5868 36.5868 3583700
16-Nov-98 38.3821 38.444 37.2058 37.6392 3420400
13-Nov-98 38.6297 39.3107 38.1344 39.1249 5955500
12-Nov-98 36.5868 38.0725 36.5868 37.6392 4496000
11-Nov-98 37.1439 37.5154 36.3392 36.5868 3361300
10-Nov-98 35.5963 37.082 35.5344 36.8963 4263400
9-Nov-98 35.6582 35.9058 35.4725 35.4725 2623000
6-Nov-98 36.1534 36.1534 35.4725 35.7201 2953900
5-Nov-98 35.4106 36.5249 35.0391 36.5249 2776800
4-Nov-98 36.4011 36.5868 35.0391 35.4725 3351900
3-Nov-98 35.5963 36.0915 35.4106 35.5344 2686400
2-Nov-98 33.9248 36.1534 33.8629 35.4725 4030800
30-Oct-98 33.9867 34.2343 33.3057 33.4295 2892000
29-Oct-98 33.2438 34.2343 33.0581 34.2343 2764300
28-Oct-98 33.7391 34.1105 32.9343 33.12 2395600
27-Oct-98 35.3486 35.4725 33.8629 33.9248 2556600
26-Oct-98 35.6582 35.8439 34.5439 35.1629 2680600
23-Oct-98 36.5249 36.5249 34.9153 35.5963 3411400
22-Oct-98 35.101 36.6487 34.9772 36.3392 3767800
21-Oct-98 34.1105 35.5344 33.6153 35.2867 4159200
20-Oct-98 32.6867 34.4201 32.6867 33.6153 4588900
19-Oct-98 32.6867 33.4295 32.3462 32.6867 2712300
16-Oct-98 32.1914 33.6772 31.82 33.1819 6405800
15-Oct-98 30.8914 32.3152 30.7676 31.6343 6262300
14-Oct-98 30.2104 31.6962 29.7771 30.458 10882300
13-Oct-98 31.3247 31.6962 29.9009 31.6962 3447800
12-Oct-98 31.9438 32.1914 31.0771 31.3866 3024000
9-Oct-98 33.3676 33.4915 31.6962 31.82 3077600
8-Oct-98 32.5629 33.4915 31.6962 33.3057 4716800
7-Oct-98 32.7486 33.7391 32.5629 33.12 4846400
6-Oct-98 32.0676 33.12 31.8819 32.8105 5657900
5-Oct-98 30.5818 31.4485 30.2104 31.0771 4361000
2-Oct-98 29.5294 30.5818 29.4056 30.1485 3177800
1-Oct-98 29.0961 29.4675 28.7246 29.3437 4913500
30-Sep-98 30.2723 30.5199 29.158 29.158 3426500
29-Sep-98 30.8914 30.8914 30.0866 30.5199 2991700
28-Sep-98 30.2723 30.8914 30.2723 30.7057 2583200
25-Sep-98 30.0247 31.0152 29.7771 30.1485 4872000
24-Sep-98 30.0866 31.9438 30.0866 30.7057 3747000
23-Sep-98 31.0152 31.3247 30.1485 30.3342 3613900
22-Sep-98 30.7057 31.0771 30.5199 31.0771 2166900
21-Sep-98 29.7152 30.5818 29.6532 30.0247 2502600
18-Sep-98 29.9009 30.2104 29.7771 29.839 4371800
17-Sep-98 29.9628 30.458 29.7771 29.7771 3103200
16-Sep-98 29.7152 31.0152 29.6532 30.7057 5010700
15-Sep-98 30.7676 30.8295 29.6532 29.7152 4676100
14-Sep-98 30.3961 31.2628 30.0247 31.0152 4352100
11-Sep-98 28.6008 29.9009 28.3532 29.4675 2981500
10-Sep-98 29.4056 29.6532 27.7341 28.1675 7136400
9-Sep-98 30.7676 30.7676 29.5294 29.5294 7221900
8-Sep-98 32.6246 33.1818 30.7674 31.3865 4603100
4-Sep-98 30.9532 31.2008 30.2103 30.6436 3086700
3-Sep-98 30.4579 31.1389 29.9627 30.5817 4546700
2-Sep-98 31.8198 31.9437 30.7055 30.7674 4959600
1-Sep-98 29.4674 32.6246 28.7864 32.0675 7374600
31-Aug-98 31.696 31.7579 27.3007 27.6102 6823600
28-Aug-98 32.9961 33.4913 31.077 31.077 5689300
27-Aug-98 33.677 33.677 31.7579 32.6246 4896700
26-Aug-98 34.4818 34.7913 33.677 33.8008 3606700
25-Aug-98 34.0485 35.4104 33.8628 34.6675 5771500
24-Aug-98 32.1913 33.6151 31.8198 33.2437 4586300
21-Aug-98 32.5008 32.7484 31.7579 32.1913 4624100
20-Aug-98 33.3675 33.4294 32.8103 33.058 3091400
19-Aug-98 34.0485 34.1104 33.4294 33.5532 3696600
18-Aug-98 34.1723 34.2342 33.677 34.1104 3364200
17-Aug-98 33.4294 33.6151 32.8103 33.5532 3192200
14-Aug-98 33.8008 34.1723 33.1818 33.5532 3839200
13-Aug-98 33.8008 34.6675 33.7389 33.9866 4821300
12-Aug-98 34.358 34.4199 33.6151 33.8008 7078800
11-Aug-98 33.8008 34.6675 33.4294 34.2961 11240000
10-Aug-98 37.1438 37.2676 35.039 35.4723 6211300
7-Aug-98 37.3914 37.5771 36.9581 37.1438 2973300
6-Aug-98 37.3295 37.7009 37.1438 37.4533 2590300
5-Aug-98 37.3914 37.8248 36.6485 37.3914 4184400
4-Aug-98 39.001 39.1248 37.02 37.02 4189100
3-Aug-98 38.4438 39.3724 37.8867 39.001 3248800
31-Jul-98 38.6295 38.8153 38.0105 38.5676 3200300
30-Jul-98 38.3819 38.7534 38.0105 38.6295 3898600
29-Jul-98 39.4343 39.62 37.7629 38.32 5930500
28-Jul-98 39.4343 39.9296 38.8772 39.4962 3914200
27-Jul-98 39.4962 39.7439 39.1248 39.62 3326600
24-Jul-98 40.6105 40.7344 39.0629 39.3724 15221300
23-Jul-98 38.5057 38.8153 36.6485 37.2057 7563900
22-Jul-98 39.6819 40.301 38.8772 39.1248 3913700
21-Jul-98 39.62 39.9915 39.4343 39.7439 4726900
20-Jul-98 39.001 39.62 39.001 39.3724 5073600
17-Jul-98 39.001 39.3105 38.4438 39.1248 8921700
16-Jul-98 36.8962 37.8248 36.6485 37.5771 12278200
15-Jul-98 39.3105 39.4962 37.639 37.7629 8331400
14-Jul-98 40.4867 40.6724 38.3819 38.8772 9404000
13-Jul-98 41.0439 41.8487 40.9201 41.0439 2486000
10-Jul-98 40.9201 42.3439 40.7344 41.9106 2378000
9-Jul-98 41.1677 41.601 40.9201 40.9201 1835500
8-Jul-98 41.601 42.0963 41.5391 41.601 1526600
7-Jul-98 41.9106 42.4677 41.8487 41.8487 1866700
6-Jul-98 42.7154 43.2106 42.4677 42.5915 2450200
2-Jul-98 41.5391 43.3344 41.3534 43.2725 3354200
1-Jul-98 41.1058 41.601 40.982 41.601 2327600
30-Jun-98 40.9201 41.5391 40.5486 40.7963 2452700
29-Jun-98 41.2296 41.3534 40.8582 40.8582 1994200
26-Jun-98 40.5486 41.4153 40.4867 40.7963 1683500
25-Jun-98 41.9725 42.282 40.8582 41.0439 2842800
24-Jun-98 40.7963 42.3439 40.4867 41.7249 3235400
23-Jun-98 40.4248 41.2296 40.3629 40.7963 2432300
22-Jun-98 40.301 40.6105 40.1153 40.1772 2131600
19-Jun-98 41.0439 41.2915 39.9296 40.0534 4805400
18-Jun-98 41.4153 41.601 41.1058 41.4772 1727400
17-Jun-98 41.4153 41.601 40.982 41.4772 2351700
16-Jun-98 40.7344 40.982 39.8677 40.982 2845200
15-Jun-98 39.9296 41.5391 39.8677 40.7963 3013400
12-Jun-98 39.9915 40.6105 39.8058 40.301 2189300
11-Jun-98 40.2391 40.7344 39.6819 39.9915 3377300
10-Jun-98 41.4153 41.5391 40.7344 40.982 1855700
9-Jun-98 40.7961 41.6009 40.7342 41.6009 1870600
8-Jun-98 41.539 41.539 40.858 40.9819 1338100
5-Jun-98 40.4247 41.6009 40.4247 41.6009 2077500
4-Jun-98 40.1771 40.9199 39.9914 40.3628 2346900
3-Jun-98 40.858 40.9199 40.3009 40.3628 2177200
2-Jun-98 41.1057 41.539 40.7961 40.7961 2089900
1-Jun-98 40.239 41.1676 40.1771 41.1057 2411800
29-May-98 39.9294 41.0438 39.9294 40.4247 2998600
28-May-98 40.4866 41.1057 39.9294 40.0533 3735600
27-May-98 39.6199 40.9819 39.558 40.7342 4131700
26-May-98 39.9294 40.4866 39.6199 39.9914 4139600
22-May-98 39.6199 39.9294 39.4961 39.4961 2135700
21-May-98 40.3009 40.7961 39.558 39.6818 4394000
20-May-98 39.1247 40.1152 38.877 40.1152 8024100
19-May-98 37.4532 38.0104 37.4532 37.577 3128300
18-May-98 37.0199 38.5675 37.0199 37.4532 4448900
15-May-98 38.5675 38.8151 37.1437 37.2056 6201700
14-May-98 38.3818 39.3723 38.3818 38.6913 4608600
13-May-98 38.6913 39.2485 38.3818 38.5056 4009300
12-May-98 38.3199 39.3104 38.3199 39.0628 3972400
11-May-98 38.3199 38.877 38.0104 38.3818 3658700
8-May-98 37.6389 38.5056 37.6389 38.3199 5510900
7-May-98 38.6294 38.7532 37.4532 37.5151 5591400
6-May-98 39.558 39.8675 38.6913 38.7532 2585300
5-May-98 38.8151 39.8675 38.7532 39.8056 4152200
4-May-98 38.7532 39.558 38.6913 39.0009 3726800
1-May-98 39.3723 39.558 38.3199 39.0009 4206100
30-Apr-98 39.1247 39.8675 39.1247 39.3104 7405700
29-Apr-98 39.2485 39.6199 38.0104 39.0009 8285600
28-Apr-98 42.4676 42.7771 38.3818 39.3723 14260400
27-Apr-98 42.6533 42.7771 41.2295 42.6533 3241700
24-Apr-98 43.7676 44.0772 42.7152 43.2105 2298600
23-Apr-98 43.4581 44.3248 43.0867 43.7676 3152500
22-Apr-98 41.4152 44.201 41.3533 43.4581 4575500
21-Apr-98 41.1057 42.0343 40.7342 41.6628 4160900
20-Apr-98 41.3533 41.539 41.0438 41.4771 2626800
17-Apr-98 41.2295 41.6009 40.9199 41.4152 2625700
16-Apr-98 41.4771 41.539 40.9819 41.2295 2067500
15-Apr-98 40.858 41.6009 40.6723 41.4152 3758400
14-Apr-98 40.6104 41.3533 40.6104 40.9199 2235400
13-Apr-98 41.7247 41.8485 40.7342 40.9199 2328400
9-Apr-98 41.7247 42.0962 41.6009 41.6009 1881000
8-Apr-98 42.0962 42.2819 41.4771 41.6628 3635100
7-Apr-98 42.2819 42.3438 41.6628 41.9723 3300100
6-Apr-98 44.0153 44.3867 42.5295 42.5295 3264300
3-Apr-98 43.6438 44.3867 43.3343 44.2629 3190800
2-Apr-98 43.0248 44.0772 42.5295 43.7676 3259900
1-Apr-98 42.0343 43.4581 41.9723 43.2105 4536300
31-Mar-98 42.22 43.0248 41.9104 42.2819 2982500
30-Mar-98 41.7866 42.6533 41.7247 42.3438 3062900
27-Mar-98 42.6533 42.839 41.539 41.9104 2860000
26-Mar-98 42.4057 43.1486 42.3438 42.839 4226300
25-Mar-98 42.2819 42.4676 41.539 42.3438 2731800
24-Mar-98 42.0343 42.2819 41.7247 41.9104 2149700
23-Mar-98 42.3438 42.4676 41.7247 41.7866 2390400
20-Mar-98 41.8485 42.5914 41.6628 42.5914 4505400
19-Mar-98 41.9104 41.9723 41.2914 41.4771 3313800
18-Mar-98 42.6533 42.7152 41.9723 42.1581 5384600
17-Mar-98 41.9104 43.4581 41.9104 43.1486 4018800
16-Mar-98 42.5914 43.0248 41.7866 42.9009 5315800
13-Mar-98 42.5914 42.9628 42.22 42.5295 5084500
12-Mar-98 41.6009 43.0867 41.6009 42.5914 12955800
11-Mar-98 39.6199 40.239 39.1866 39.8675 4002500
10-Mar-98 39.1245 39.7436 39.0626 39.7436 5213400
9-Mar-98 38.2579 39.0626 38.0102 38.8769 5917000
6-Mar-98 36.215 37.6388 36.215 37.6388 4081500
5-Mar-98 36.7102 36.7721 35.9054 36.215 3126600
4-Mar-98 36.6483 36.7721 36.5245 36.7102 2446900
3-Mar-98 36.5864 37.0197 36.2769 37.0197 3329700
2-Mar-98 36.4007 36.834 36.215 36.6483 3689500
27-Feb-98 36.0912 36.4626 36.0912 36.1531 2236000
26-Feb-98 35.8435 36.7102 35.8435 36.4626 3758500
25-Feb-98 34.853 36.2769 34.853 36.0292 5038400
24-Feb-98 34.9149 35.1007 34.6673 34.853 3103100
23-Feb-98 34.853 35.1007 34.6673 34.9149 3474700
20-Feb-98 35.0388 35.2245 34.6673 35.1007 5047100
19-Feb-98 35.2864 35.4721 35.1007 35.1007 3192000
18-Feb-98 35.3483 35.5959 34.9149 34.9149 3401300
17-Feb-98 35.8435 36.2769 35.3483 35.3483 3171100
13-Feb-98 35.9054 36.2769 35.6578 36.1531 3557800
12-Feb-98 35.2864 36.0292 35.2245 35.6578 3617300
11-Feb-98 35.1626 35.4721 35.1007 35.2864 3806500
10-Feb-98 35.534 36.0912 35.2245 35.2245 5350700
9-Feb-98 35.0388 35.4721 35.0388 35.4102 3082100
6-Feb-98 35.0388 35.534 34.9149 35.0388 4182800
5-Feb-98 35.1007 35.5959 34.6054 34.9149 4812400
4-Feb-98 34.7292 35.7816 34.6673 35.1007 6322700
3-Feb-98 34.1721 35.6578 33.9864 34.853 15324300
2-Feb-98 35.9673 36.3388 35.4102 36.1531 3962000
30-Jan-98 36.2769 36.4007 35.5959 35.7816 2563300
29-Jan-98 36.1531 37.3293 36.0912 36.5245 2384000
28-Jan-98 35.534 36.5245 35.4102 36.0912 2836800
27-Jan-98 35.534 36.0912 35.2245 35.7197 2979300
26-Jan-98 35.8435 36.2769 35.7816 36.0912 2119100
23-Jan-98 36.4007 36.834 35.7816 35.9673 2637600
22-Jan-98 36.5245 36.7721 36.1531 36.5245 2702700
21-Jan-98 36.7102 37.0197 36.3388 36.6483 2688200
20-Jan-98 36.5245 37.3912 36.1531 37.2674 4202400
16-Jan-98 36.0292 36.6483 35.9054 36.3388 3478200
15-Jan-98 36.4007 36.5245 35.534 35.5959 2027100
14-Jan-98 35.9054 36.4007 35.534 36.3388 3460400
13-Jan-98 35.6578 36.1531 35.0388 36.1531 3309000
12-Jan-98 33.9244 35.3483 33.8625 35.0388 4438700
9-Jan-98 35.4721 35.8435 34.1721 34.4197 5114600
8-Jan-98 35.534 35.9673 35.4721 35.534 2920700
7-Jan-98 34.6054 35.534 34.4816 35.534 2971000
6-Jan-98 36.1531 36.2769 34.6673 34.853 4391300
5-Jan-98 35.534 36.4626 35.2864 36.1531 3769900
2-Jan-98 35.9673 35.9673 35.2245 35.6578 2588900
31-Dec-97 36.3388 36.4626 35.9054 35.9054 2633900
30-Dec-97 34.9768 36.5864 34.7292 36.3388 3813300
29-Dec-97 34.9149 34.9768 34.4816 34.5435 3160600
26-Dec-97 34.1721 34.7911 34.1721 34.4197 1034400
24-Dec-97 34.1721 34.7911 33.9244 34.1102 2048500
23-Dec-97 34.7911 34.9768 33.8006 33.9244 4049100
22-Dec-97 34.5435 35.1626 34.5435 34.7911 2969700
19-Dec-97 33.9864 34.9768 33.8006 34.5435 5580500
18-Dec-97 34.3578 34.5435 33.9864 34.4197 3525900
17-Dec-97 35.3483 35.3483 34.4816 34.5435 3890700
16-Dec-97 35.1626 35.2864 34.4197 35.1007 6885900
15-Dec-97 35.2245 35.7197 35.1007 35.7197 2918000
12-Dec-97 35.1626 35.5959 34.7292 34.7911 3548400
11-Dec-97 35.0388 35.2245 34.7911 34.9149 2981100
10-Dec-97 35.3483 36.215 34.853 35.1626 3350500
9-Dec-97 35.8434 36.091 35.2243 35.472 3616000
8-Dec-97 36.9577 36.9577 35.5339 36.1529 4954000
5-Dec-97 36.772 37.6387 36.772 36.9577 2196400
4-Dec-97 37.453 37.8244 36.8339 37.0196 2484900
3-Dec-97 37.0196 37.5149 36.9577 37.453 2436000
2-Dec-97 37.391 37.8244 36.7101 37.0196 3221900
1-Dec-97 37.0196 37.8244 36.8958 37.3291 2963700
28-Nov-97 36.5863 37.2053 36.5244 36.5244 803600
26-Nov-97 37.0196 37.1434 36.4625 36.5863 2239800
25-Nov-97 36.8958 37.3291 36.7101 36.8339 2838600
24-Nov-97 37.0815 37.2053 36.5244 36.7101 2893000
21-Nov-97 37.5768 37.6387 36.9577 37.6387 3841200
20-Nov-97 37.453 38.072 37.3291 37.3291 3179100
19-Nov-97 35.9053 37.7006 35.9053 37.2053 2839800
18-Nov-97 36.5244 36.8339 35.7815 36.091 2084500
17-Nov-97 36.6482 37.1434 36.4006 37.0196 1705000
14-Nov-97 35.5958 36.4625 35.5339 36.2148 2099900
13-Nov-97 35.2863 35.8434 35.0386 35.5339 2105900
12-Nov-97 35.2243 35.9053 34.9148 35.0386 2406200
11-Nov-97 35.0386 35.7815 35.0386 35.472 1744900
10-Nov-97 35.9672 36.2767 35.1624 35.3482 2824900
7-Nov-97 35.3482 36.3387 35.3482 36.091 3396700
6-Nov-97 36.5863 37.0196 36.4006 36.5863 2793400
5-Nov-97 36.7101 37.7006 36.7101 37.0196 2399800
4-Nov-97 36.7101 37.0815 36.4625 36.8958 2341700
3-Nov-97 36.5244 37.391 36.5244 37.0196 2964500
31-Oct-97 36.1529 36.8339 35.9672 36.5244 3898700
Quaker
Date Open High Low Close Volume
4-Oct-00 75.8951 76.5805 75.5212 75.8328 506000
3-Oct-00 78.0137 78.2006 76.6428 76.8921 631000
2-Oct-00 79.1353 79.3845 77.9514 78.2629 760700
29-Sep-00 78.5745 79.6338 77.8891 78.8861 560800
28-Sep-00 78.5122 79.5715 77.7645 78.076 551800
27-Sep-00 76.6428 78.0137 76.5182 77.7645 600000
26-Sep-00 75.5212 76.3936 75.2097 76.0197 585600
25-Sep-00 75.5212 75.5212 74.5243 75.1474 400000
22-Sep-00 74.5243 75.6459 74.3996 75.272 501100
21-Sep-00 72.7172 74.3996 72.5926 73.9012 652700
20-Sep-00 72.7172 73.6519 72.2811 72.7172 348700
19-Sep-00 72.9306 73.1789 72.6203 72.6823 726200
18-Sep-00 73.5513 73.7375 72.6203 72.9306 370800
15-Sep-00 72.7444 74.3582 72.4961 73.1789 601600
14-Sep-00 72.372 72.4961 71.6272 72.2479 483700
13-Sep-00 71.503 72.9927 71.3168 72.4961 457900
12-Sep-00 70.8824 72.0617 70.572 71.6892 413000
11-Sep-00 71.503 71.8755 70.7582 71.1306 620500
8-Sep-00 67.2203 73.3651 67.2203 72.1858 1090400
7-Sep-00 65.5445 67.5927 65.5445 67.1582 732900
6-Sep-00 67.7789 67.7789 67.1582 67.5306 603600
5-Sep-00 68.2755 68.3375 67.5306 67.7789 419200
1-Sep-00 67.9031 68.3375 67.2824 67.7789 709100
31-Aug-00 69.1444 69.1444 67.0341 67.4841 1573700
30-Aug-00 70.0755 70.3858 69.2686 69.3927 595900
29-Aug-00 71.6892 71.8755 69.641 69.9513 676500
28-Aug-00 72.6823 73.1789 71.1306 71.441 607700
25-Aug-00 73.9858 73.9858 72.5582 72.6203 533800
24-Aug-00 73.3651 73.8616 73.1789 73.6134 219700
23-Aug-00 72.9306 73.3651 72.8685 73.3651 287300
22-Aug-00 73.1789 73.303 72.4961 72.5582 252500
21-Aug-00 72.7444 73.303 72.5582 73.0548 198900
18-Aug-00 72.5582 72.8685 72.4961 72.6203 157500
17-Aug-00 73.3651 73.3651 72.1237 72.5582 316400
16-Aug-00 73.9858 73.9858 71.9375 73.303 827500
15-Aug-00 73.1168 74.8547 73.1168 74.3582 687100
14-Aug-00 71.0065 73.3651 70.8824 73.241 747500
11-Aug-00 70.2617 71.1927 70.0134 71.0065 663500
10-Aug-00 68.5237 70.3858 68.5237 69.8272 470800
9-Aug-00 67.7169 68.5237 67.5927 68.5237 383000
8-Aug-00 67.5306 68.5237 67.4065 68.3375 406600
7-Aug-00 68.5237 68.6479 67.5927 68.3375 272100
4-Aug-00 67.7169 67.9031 66.91 67.5306 507300
3-Aug-00 68.8962 68.8962 67.7169 67.7789 260400
2-Aug-00 68.5858 69.2686 68.1513 68.6479 399900
1-Aug-00 67.4065 68.8962 66.1651 68.4617 619800
31-Jul-00 67.7789 68.0893 66.5996 66.7858 606600
28-Jul-00 68.5858 68.8962 67.2824 67.5306 520100
27-Jul-00 68.71 69.0203 67.7789 68.6479 512300
26-Jul-00 68.772 69.641 68.3375 68.8341 465800
25-Jul-00 69.1444 69.3927 68.3375 68.6479 474700
24-Jul-00 68.2755 68.3375 67.2824 68.1513 1062700
21-Jul-00 71.7513 72.372 66.7858 68.3996 1698300
20-Jul-00 79.3237 80.1306 71.2548 72.6203 2273400
19-Jul-00 75.103 78.4547 75.103 77.5858 885200
18-Jul-00 74.9789 75.4134 74.5444 75.103 314700
17-Jul-00 75.2272 75.2272 74.1099 74.2341 411000
14-Jul-00 74.5444 75.4134 74.2961 74.4203 351900
13-Jul-00 74.172 75.2272 74.1099 74.2961 429700
12-Jul-00 74.1099 74.7306 73.5513 74.172 356500
11-Jul-00 73.4892 74.1099 73.1789 73.7375 636700
10-Jul-00 74.6065 74.7306 72.9927 73.241 870200
7-Jul-00 76.0961 76.0961 74.6065 74.6065 558100
6-Jul-00 76.2823 76.2823 74.8547 75.8478 651600
5-Jul-00 75.4754 75.972 75.041 75.972 553300
3-Jul-00 74.8547 75.4754 73.9858 75.4754 425900
30-Jun-00 75.972 75.972 74.4823 74.6065 1459000
29-Jun-00 74.6685 76.1582 74.6685 74.9789 614900
28-Jun-00 75.2272 76.0961 73.6754 74.7306 552400
27-Jun-00 74.4203 75.5996 74.2341 74.9789 870600
26-Jun-00 73.303 74.8547 73.303 74.3582 576800
23-Jun-00 72.2479 73.5513 71.6272 72.6823 555200
22-Jun-00 72.2479 72.3099 71.3168 71.6892 430200
21-Jun-00 74.172 74.172 71.6892 72.4341 487200
20-Jun-00 73.8616 74.2961 72.5582 73.6754 605600
19-Jun-00 72.8685 73.4892 72.4341 73.241 341600
16-Jun-00 74.8547 74.8547 71.7513 71.9065 701800
15-Jun-00 72.9927 76.2203 72.9927 74.6685 967400
14-Jun-00 71.6272 73.241 71.5651 73.1168 660800
13-Jun-00 70.2325 72.3964 70.2325 71.6545 579200
12-Jun-00 69.4288 70.4798 69.2433 70.1089 561600
9-Jun-00 70.2325 70.4798 69.367 69.9234 283000
8-Jun-00 70.2325 70.7889 69.4906 70.1089 465000
7-Jun-00 68.8106 71.7163 68.8106 71.2217 746800
6-Jun-00 67.7596 68.7487 67.265 68.5633 687700
5-Jun-00 69.1197 69.1815 67.6977 67.7596 454300
2-Jun-00 71.469 71.84 68.8106 68.8724 626300
1-Jun-00 72.52 72.7673 71.3454 71.5927 432700
31-May-00 73.0146 73.0764 71.469 72.7673 521000
30-May-00 71.84 74.0656 71.2835 73.4474 482900
26-May-00 71.2217 72.7055 71.0362 71.7163 722100
25-May-00 72.3346 73.6329 70.1089 70.9126 825800
24-May-00 71.3454 72.891 71.3454 72.2109 1082200
23-May-00 69.4906 71.3454 69.1197 71.2217 405100
22-May-00 67.265 69.7379 67.265 69.5525 1100700
19-May-00 70.1089 71.6545 69.2433 69.6143 719300
18-May-00 69.9852 71.1599 69.8616 70.6035 351700
17-May-00 70.4798 70.6653 69.8616 70.2944 557800
16-May-00 70.4798 70.7271 69.4288 70.6035 401800
15-May-00 69.6143 70.5416 69.4906 69.6761 560400
12-May-00 70.2325 70.6035 69.367 69.7998 374600
11-May-00 69.8616 71.2835 69.367 71.2835 631800
10-May-00 70.3562 72.0254 68.7487 69.0579 685200
9-May-00 69.2433 71.3454 68.3778 71.0362 895400
8-May-00 68.5633 69.1197 68.3778 68.7487 525400
5-May-00 68.7487 68.7487 67.3268 68.1923 604700
4-May-00 68.5633 69.1815 67.0177 68.316 911000
3-May-00 67.5123 70.1089 67.5123 68.8106 1855100
2-May-00 66.8322 67.8832 65.5339 65.5339 622100
1-May-00 64.4829 67.5741 64.4829 67.0795 723500
28-Apr-00 65.5339 65.5339 63.3082 64.4829 547700
27-Apr-00 66.7704 67.0795 65.472 65.7812 464100
26-Apr-00 66.2758 67.1413 66.0903 66.5231 820600
25-Apr-00 65.1629 66.7704 64.5447 66.2758 616200
24-Apr-00 66.3376 68.2541 65.5339 65.843 1368000
20-Apr-00 64.0501 66.6467 63.6791 66.5849 1332700
19-Apr-00 62.6899 63.1227 62.1335 62.3808 251400
18-Apr-00 61.7626 62.9372 61.268 62.6899 567000
17-Apr-00 60.7116 61.8244 59.9697 61.5153 530200
14-Apr-00 63.3082 63.741 60.3406 60.9589 732000
13-Apr-00 63.3082 64.6065 62.8136 63.9264 377800
12-Apr-00 62.1335 65.2866 62.1335 63.3082 493000
11-Apr-00 60.4643 61.9481 60.1551 61.7626 319900
10-Apr-00 59.9079 61.3298 59.7224 60.3406 578800
7-Apr-00 60.4643 60.5879 59.846 60.1551 233500
6-Apr-00 61.8244 61.9481 59.2278 60.0315 281300
5-Apr-00 61.1443 62.5663 60.6497 61.0825 426600
4-Apr-00 60.9589 63.4318 59.4133 61.1443 463700
3-Apr-00 59.3514 60.8352 59.3514 60.4643 530700
31-Mar-00 61.8244 61.8244 59.9697 59.9697 911800
30-Mar-00 58.3622 61.8244 58.1149 60.217 1023300
29-Mar-00 54.4055 57.1876 54.2818 56.8785 656500
28-Mar-00 51.3143 54.4055 51.067 53.7254 854600
27-Mar-00 50.696 51.4379 48.9649 50.5724 645100
24-Mar-00 52.4271 52.9835 51.4379 51.5616 548900
23-Mar-00 50.9433 51.4379 50.3251 51.3143 491900
22-Mar-00 52.798 53.1072 50.8197 51.6852 508600
21-Mar-00 51.1906 53.6018 51.067 53.4163 481300
20-Mar-00 51.9943 52.9217 51.1906 51.8089 512100
17-Mar-00 54.9001 54.9001 52.7362 52.7362 563900
16-Mar-00 51.0051 57.8676 50.5724 54.6528 1143300
15-Mar-00 45.5028 51.6234 45.3791 51.0051 1216800
14-Mar-00 45.4409 45.9974 45.3173 45.5028 1083100
13-Mar-00 46.121 47.2338 45.3173 45.4409 538100
10-Mar-00 47.1913 47.3142 45.8395 45.9009 353000
9-Mar-00 48.4202 48.666 46.2081 46.2081 637400
8-Mar-00 47.4371 52.1071 47.1913 48.666 678100
7-Mar-00 48.4202 48.4202 46.2081 46.6383 809900
6-Mar-00 50.7552 50.7552 48.4202 48.666 295000
3-Mar-00 50.5094 51.4926 50.0793 50.7552 608600
2-Mar-00 52.783 53.0902 49.7721 50.7552 310300
1-Mar-00 53.2746 53.4589 52.3528 52.783 373500
29-Feb-00 52.3528 53.4589 52.2914 53.0288 330900
28-Feb-00 50.1408 52.5986 49.6492 52.23 504400
25-Feb-00 50.8781 51.8613 50.0179 50.6323 614900
24-Feb-00 53.9505 53.9505 50.1408 50.9396 614800
23-Feb-00 55.2409 55.4252 53.7047 54.1963 452000
22-Feb-00 55.0565 55.7939 54.2577 54.9951 805600
18-Feb-00 55.9168 56.5312 54.5649 54.9951 482500
17-Feb-00 55.9168 56.9614 55.6095 56.5312 415800
16-Feb-00 56.6541 56.7156 54.9336 56.4084 811400
15-Feb-00 55.671 57.3301 55.5481 57.2686 438900
14-Feb-00 54.8107 56.0397 54.442 55.671 307800
11-Feb-00 54.3806 55.0565 53.336 54.8107 528200
10-Feb-00 55.9168 56.4698 53.5203 54.6264 457200
9-Feb-00 56.1626 56.5927 55.671 55.7324 432500
8-Feb-00 56.4084 56.6541 55.7939 56.1011 749100
7-Feb-00 55.9168 55.9168 54.6878 55.4866 468800
4-Feb-00 56.8999 57.9445 55.7939 56.4084 526400
3-Feb-00 56.0397 57.5758 55.0565 56.9614 766700
2-Feb-00 56.777 57.8831 54.9336 55.5481 1217100
1-Feb-00 57.7602 58.006 54.1348 55.118 675100
31-Jan-00 55.8553 58.8662 55.5481 58.3747 525000
28-Jan-00 57.4529 57.4529 54.8107 55.6095 291600
27-Jan-00 57.7602 57.8831 56.7156 57.2072 330700
26-Jan-00 57.0228 58.006 56.8385 57.9445 448100
25-Jan-00 58.1289 58.6204 56.0397 57.2686 498400
24-Jan-00 59.7265 60.2181 58.1903 58.9277 357700
21-Jan-00 60.341 60.4024 59.1735 59.4807 484400
20-Jan-00 60.5867 61.0169 59.6036 60.4639 529800
19-Jan-00 61.6928 61.8771 60.5253 60.6482 502000
18-Jan-00 62.1844 62.9832 61.9386 61.9386 699100
14-Jan-00 64.6422 64.6422 62.4916 63.4133 542300
13-Jan-00 65.9326 65.9326 65.0724 65.2567 321000
12-Jan-00 65.9941 66.7314 65.564 65.6868 313300
11-Jan-00 65.0724 66.8543 65.0109 66.5471 347800
10-Jan-00 66.2399 66.5471 64.5194 64.8266 571300
7-Jan-00 64.3965 65.2567 64.1507 65.2567 366500
6-Jan-00 62.8603 65.3796 62.6145 64.2121 460300
5-Jan-00 60.7096 63.4133 60.7096 62.9832 436400
4-Jan-00 62.3687 62.6145 60.2181 60.9554 293400
3-Jan-00 64.2736 64.3965 62.0615 62.6145 218700
31-Dec-99 64.9495 64.9495 64.2736 64.5194 85800
30-Dec-99 64.6422 65.9941 64.3965 64.8266 177700
29-Dec-99 65.2567 65.6254 64.6422 64.888 174500
28-Dec-99 64.888 65.3796 64.4579 65.3182 336800
27-Dec-99 63.1061 65.3796 62.6759 65.0724 253100
23-Dec-99 62.9217 63.5362 62.5531 63.229 192800
22-Dec-99 62.3687 63.1675 62.3687 62.7988 208500
21-Dec-99 61.5699 62.9217 61.5085 62.3533 303500
20-Dec-99 61.2012 61.9386 60.894 61.8157 300500
17-Dec-99 61.2627 61.2627 60.5867 60.7096 594900
16-Dec-99 61.9386 61.9386 60.5253 61.2627 354300
15-Dec-99 61.5085 62.1844 61.3241 61.9386 339400
14-Dec-99 63.0636 63.1247 61.2897 61.2897 487800
13-Dec-99 63.3082 63.7364 62.8189 63.0636 357800
10-Dec-99 63.2471 63.4306 62.9412 63.1247 148900
9-Dec-99 62.8801 63.2471 62.3907 63.0024 236000
8-Dec-99 63.1247 64.5927 62.6354 63.1247 508100
7-Dec-99 63.8587 64.0422 62.7577 62.8801 284900
6-Dec-99 64.5927 65.1432 63.6141 64.1034 275700
3-Dec-99 63.0636 65.0821 63.0636 64.4704 383300
2-Dec-99 63.1247 63.4917 62.7577 63.2471 260900
1-Dec-99 63.8587 63.9199 63.1247 63.3082 347900
30-Nov-99 63.6752 64.4092 63.6141 63.8587 254700
29-Nov-99 63.4917 63.9811 62.6354 63.6752 448900
26-Nov-99 64.5927 64.6539 63.7364 64.2869 102300
24-Nov-99 64.2257 64.8374 63.1859 64.5316 279400
23-Nov-99 63.4917 64.9597 62.6354 64.3481 873400
22-Nov-99 66.9783 67.2841 63.3694 63.6141 641300
19-Nov-99 67.6511 67.9569 66.8559 66.9783 271600
18-Nov-99 68.5075 69.1191 68.2628 68.2628 653600
17-Nov-99 67.6511 69.4861 67.1618 68.3851 875500
16-Nov-99 65.5714 67.3453 65.5714 66.9171 441000
15-Nov-99 64.5927 64.8374 63.2471 64.7151 281100
12-Nov-99 64.9597 65.6326 63.8587 65.1432 247100
11-Nov-99 65.8773 66.1831 64.7762 64.9597 180300
10-Nov-99 66.3666 66.3666 65.4491 65.9996 203300
9-Nov-99 68.0793 68.0793 65.5714 66.8559 382100
8-Nov-99 66.4889 68.0181 66.1219 67.9569 281800
5-Nov-99 66.4889 66.7948 66.2443 66.4278 301500
4-Nov-99 67.4064 67.6511 65.4491 66.4278 487100
3-Nov-99 67.0394 68.4463 66.9783 67.5899 599400
2-Nov-99 67.8958 68.4463 66.7948 66.7948 392200
1-Nov-99 68.2628 68.9968 67.7734 67.8958 623100
29-Oct-99 68.2628 69.425 68.1404 68.5075 673800
28-Oct-99 66.4278 67.2841 65.6326 67.2841 340400
27-Oct-99 63.8587 65.3879 63.7364 65.2656 314700
26-Oct-99 64.7762 64.8374 63.6141 63.6752 305400
25-Oct-99 65.5102 65.7549 63.6752 64.5316 537500
22-Oct-99 65.4491 65.8161 64.2257 65.3267 461300
21-Oct-99 68.0181 68.3239 62.8801 65.2044 1404400
20-Oct-99 66.3054 66.7948 65.6938 66.5501 292600
19-Oct-99 65.5714 66.5501 64.2257 66.4278 742100
18-Oct-99 61.7179 63.9811 61.6567 63.9811 451700
15-Oct-99 61.8402 62.3907 61.412 61.7179 265600
14-Oct-99 61.5344 62.8801 61.412 62.0849 246500
13-Oct-99 62.513 62.513 61.412 61.6567 257000
12-Oct-99 62.0237 63.1247 62.0237 62.4519 230800
11-Oct-99 62.6354 62.9412 61.9014 62.0237 209000
8-Oct-99 61.779 62.8801 61.7179 62.8801 267400
7-Oct-99 60.6169 62.0237 60.6169 61.8402 345800
6-Oct-99 58.843 60.9227 58.843 60.6169 471800
5-Oct-99 58.9653 59.6993 58.0478 58.843 370300
4-Oct-99 59.3323 59.6993 59.1488 59.21 352200
1-Oct-99 59.8217 60.5557 59.0877 59.3323 285600
30-Sep-99 60.1887 61.045 60.1275 60.5557 394200
29-Sep-99 61.1674 61.2897 59.5158 59.944 399200
28-Sep-99 61.2897 61.4732 59.944 61.2897 394500
27-Sep-99 61.9625 62.4519 61.2897 61.2897 470000
24-Sep-99 61.6567 62.2072 61.6567 61.9014 291100
23-Sep-99 62.6966 63.1859 61.2897 61.779 506700
22-Sep-99 61.1062 62.8801 60.9839 62.6966 531600
21-Sep-99 60.4334 61.2285 60.3722 61.1062 522200
20-Sep-99 62.0849 62.2684 61.3509 61.412 349400
17-Sep-99 61.9014 62.7577 61.2897 62.0237 656400
16-Sep-99 59.8829 60.3722 59.21 60.2499 368100
15-Sep-99 61.9014 63.1247 60.8004 60.8615 833100
14-Sep-99 61.985 62.2286 60.7063 61.0108 342300
13-Sep-99 62.7157 63.1419 62.1068 62.2286 179900
10-Sep-99 63.9943 64.0552 62.8983 62.9592 155500
9-Sep-99 63.7508 63.8726 63.3246 63.7508 473100
8-Sep-99 63.6899 64.0552 63.3246 63.629 469000
7-Sep-99 66.917 66.917 63.6899 64.0552 410700
3-Sep-99 65.2121 66.8561 65.1512 66.7952 337700
2-Sep-99 65.273 65.273 63.8726 64.9686 208000
1-Sep-99 65.3339 65.8819 65.0903 65.5166 108600
31-Aug-99 64.6032 66.9779 64.0552 65.0903 305800
30-Aug-99 65.7601 65.8819 64.7859 64.8468 149000
27-Aug-99 66.2472 66.6735 65.7601 65.9428 199600
26-Aug-99 66.4908 67.0997 66.0037 66.2472 101300
25-Aug-99 65.5775 67.0388 65.3339 66.7343 249200
24-Aug-99 65.2121 65.6383 64.7859 65.3948 162700
23-Aug-99 64.8468 65.4557 64.8468 65.3339 162300
20-Aug-99 65.2121 65.273 64.6641 64.8468 151600
19-Aug-99 64.7859 65.2121 63.9334 65.0903 179200
18-Aug-99 66.0037 66.369 64.6032 64.7859 173300
17-Aug-99 66.1255 66.1863 65.5775 66.0037 186600
16-Aug-99 65.273 66.2472 64.7859 65.9428 264100
13-Aug-99 65.6992 66.4299 64.725 65.1512 230200
12-Aug-99 66.3081 66.7343 64.9686 65.4557 225300
11-Aug-99 67.5868 68.1348 66.3081 66.4908 284500
10-Aug-99 67.7086 67.9521 66.4299 67.0997 282600
9-Aug-99 66.7343 68.0739 66.7343 67.8912 253000
6-Aug-99 67.2215 68.0739 65.7601 66.4908 510200
5-Aug-99 67.6477 68.1957 67.3432 67.465 477700
4-Aug-99 67.7695 68.3175 67.2215 67.4041 353800
3-Aug-99 67.0997 68.0739 67.0997 67.7695 291300
2-Aug-99 66.1255 67.5868 66.1255 67.0997 441800
30-Jul-99 66.2472 66.8561 65.8819 66.3081 533100
29-Jul-99 65.8819 66.6735 65.6383 66.5517 323300
28-Jul-99 65.6992 66.5517 65.5775 66.4908 263600
27-Jul-99 65.0295 66.4908 64.5423 65.821 340400
26-Jul-99 62.6548 65.3948 62.5939 65.273 372500
23-Jul-99 64.2379 65.1512 62.4112 62.4112 499700
22-Jul-99 67.8303 68.1957 63.9334 64.2379 586500
21-Jul-99 67.0997 69.1699 67.0997 67.465 1002800
20-Jul-99 66.0646 67.6477 66.0646 67.2215 618800
19-Jul-99 67.3432 67.8303 65.8819 66.0646 181900
16-Jul-99 66.4299 66.4908 66.1255 66.369 130900
15-Jul-99 65.821 67.0997 65.821 66.2472 238800
14-Jul-99 64.7859 66.0037 63.9334 65.821 280500
13-Jul-99 65.273 65.7601 64.4815 64.5423 189500
12-Jul-99 66.7343 67.2215 64.7859 65.4557 182900
9-Jul-99 67.465 67.465 66.369 66.4908 134800
8-Jul-99 66.2472 67.6477 66.0646 67.2215 371900
7-Jul-99 65.5166 66.4908 65.3948 66.4299 193700
6-Jul-99 65.6383 65.6383 64.8468 65.3948 172400
2-Jul-99 66.5517 66.5517 65.6383 65.8819 79000
1-Jul-99 64.9077 66.9779 64.9077 66.7952 330100
30-Jun-99 66.7343 68.1348 64.6641 64.6641 473500
29-Jun-99 65.5775 66.9779 65.1512 66.917 225700
28-Jun-99 65.0295 66.1255 64.8468 65.3339 408400
25-Jun-99 65.273 65.5166 63.9334 64.4815 264500
24-Jun-99 64.9077 65.7601 64.4815 65.3948 314900
23-Jun-99 65.6383 66.6126 64.9077 64.9686 265700
22-Jun-99 66.0646 66.1863 65.5166 65.821 392200
21-Jun-99 66.1255 66.3081 65.8819 66.1255 222500
18-Jun-99 66.2472 66.6735 66.1863 66.2472 351800
17-Jun-99 66.4299 67.7086 66.3081 66.7343 190000
16-Jun-99 64.7859 67.5259 64.7859 66.917 510300
15-Jun-99 64.4482 64.9939 64.4482 64.8726 360900
14-Jun-99 64.9939 65.4789 64.5695 64.6907 251900
11-Jun-99 64.3876 65.6001 63.9025 64.812 794400
10-Jun-99 63.7813 64.3269 63.3569 63.7813 282500
9-Jun-99 64.7513 65.4183 63.5388 63.7813 315000
8-Jun-99 64.9939 65.4789 64.2057 64.5695 174900
7-Jun-99 65.1151 65.5395 64.3269 64.9939 110800
4-Jun-99 63.3569 65.6001 63.3569 65.3576 212600
3-Jun-99 63.9025 64.4482 63.2356 63.2963 324200
2-Jun-99 65.2364 65.4789 63.5388 63.9025 215200
1-Jun-99 64.3269 65.2364 63.0537 65.2364 286800
28-May-99 64.4482 65.2364 64.0844 64.0844 228900
27-May-99 66.0852 66.0852 64.0844 64.3269 353100
26-May-99 65.6001 66.7521 64.8726 66.3277 303300
25-May-99 65.4789 67.419 65.4183 65.6001 311100
24-May-99 64.5088 65.9639 64.3876 65.8427 383200
21-May-99 65.6001 65.9033 64.3876 64.6907 374500
20-May-99 66.2064 66.7521 65.6001 65.782 789100
19-May-99 66.6915 68.6316 66.6915 67.6009 678700
18-May-99 65.6001 67.419 64.9939 67.1159 512600
17-May-99 64.9332 65.4789 64.3269 65.3576 226400
14-May-99 64.9939 65.3576 64.3269 65.1757 217600
13-May-99 64.812 66.4489 64.812 65.782 231500
12-May-99 64.5088 64.812 63.7813 64.5088 454700
11-May-99 64.0238 64.8726 63.7207 64.7513 352700
10-May-99 63.8419 64.1451 63.4175 63.9632 276000
7-May-99 63.0537 64.0238 62.9325 63.9025 564900
6-May-99 62.5081 63.0537 61.9624 62.69 361500
5-May-99 62.7506 63.0537 62.0231 62.5687 527100
4-May-99 63.0537 63.5388 62.6293 62.7506 491800
3-May-99 62.6293 63.4781 62.6293 63.1144 578900
30-Apr-99 62.5687 62.8112 62.1443 62.6293 473600
29-Apr-99 62.5687 62.8112 61.9624 62.3262 615500
28-Apr-99 62.5081 62.8719 61.8412 62.1443 356900
27-Apr-99 62.69 63.4175 62.4475 62.7506 508300
26-Apr-99 63.9025 63.9632 61.8412 62.4475 347800
23-Apr-99 64.9332 64.9939 63.175 63.9025 589600
22-Apr-99 62.3262 65.3576 61.9624 65.1757 1074900
21-Apr-99 60.3861 61.053 59.3554 61.053 153400
20-Apr-99 60.6286 60.6286 59.1735 60.4467 307500
19-Apr-99 60.9924 61.5987 59.9011 60.4467 248300
16-Apr-99 59.3554 60.9924 58.6279 60.9924 462000
15-Apr-99 60.0223 60.3861 57.7184 59.1735 1178600
14-Apr-99 61.9018 62.0837 60.568 60.9317 491000
13-Apr-99 61.1136 62.2656 60.8711 61.9018 381500
12-Apr-99 59.8404 62.0837 59.1129 61.3561 311500
9-Apr-99 59.1129 59.9011 58.0216 59.8404 260900
8-Apr-99 59.1735 59.8404 58.931 59.2341 460900
7-Apr-99 60.2648 60.2648 58.446 59.416 323900
6-Apr-99 61.1743 61.4774 59.5373 60.0829 531300
5-Apr-99 60.6286 61.9018 60.2042 61.3561 606900
1-Apr-99 60.6286 61.053 60.0223 60.1436 659100
31-Mar-99 60.0223 60.8105 60.0223 60.3861 864100
30-Mar-99 59.6585 61.4774 59.2341 60.0829 999200
29-Mar-99 60.3861 60.5073 59.0523 59.9011 914600
26-Mar-99 57.0515 60.3861 56.9303 60.3861 803200
25-Mar-99 57.5365 58.2035 56.7484 57.1728 756900
24-Mar-99 52.6256 58.1428 52.6256 57.5365 1007300
23-Mar-99 53.7776 53.7776 52.4437 52.6256 270100
22-Mar-99 52.4437 53.6563 52.4437 53.5351 199900
19-Mar-99 52.9288 53.2925 52.4437 52.5044 256300
18-Mar-99 53.4744 54.0807 53.3532 53.4138 204000
17-Mar-99 53.3532 54.0201 53.1713 53.7169 329300
16-Mar-99 54.3232 54.3232 52.9894 53.3532 536900
15-Mar-99 52.5044 55.2933 52.5044 54.5657 405900
12-Mar-99 52.1098 53.5573 52.1098 52.7129 247300
11-Mar-99 51.5067 52.7129 51.5067 52.0495 241000
10-Mar-99 51.6876 51.8082 51.1448 51.6273 221600
9-Mar-99 51.5067 51.8082 50.8432 51.6273 537200
8-Mar-99 52.7732 52.8336 51.0845 51.2654 611400
5-Mar-99 52.4114 53.4367 52.3511 53.0145 565500
4-Mar-99 52.532 53.3161 51.8686 52.1701 271700
3-Mar-99 51.7479 52.5923 50.9036 52.4114 435500
2-Mar-99 53.0145 53.0145 51.6273 51.8082 344300
1-Mar-99 52.5923 52.9542 52.1098 52.6375 252100
26-Feb-99 53.6176 53.6176 52.3511 52.7129 879000
25-Feb-99 54.4017 54.7635 53.5573 53.6176 407900
24-Feb-99 55.246 55.4873 54.5223 54.9445 881100
23-Feb-99 54.7032 55.246 54.0398 55.1857 387900
22-Feb-99 53.2557 55.0048 53.2557 54.7635 529000
19-Feb-99 52.6526 53.9795 52.6526 53.2557 309500
18-Feb-99 52.4114 53.4367 52.1701 52.4114 343900
17-Feb-99 52.4114 52.4114 51.7479 52.1701 297800
16-Feb-99 51.3257 52.4717 51.3257 52.1701 551800
12-Feb-99 51.6273 51.8082 50.7829 51.3257 245100
11-Feb-99 52.0495 52.9542 51.7479 51.7479 779000
10-Feb-99 50.7226 52.0495 50.6623 51.7479 571500
9-Feb-99 51.1448 51.3257 50.7829 50.9639 549800
8-Feb-99 49.9989 51.0845 49.0942 50.9639 854400
5-Feb-99 51.5067 51.5067 49.8179 50.1798 993800
4-Feb-99 52.1098 52.532 49.2148 49.6973 668700
3-Feb-99 52.4114 52.8336 52.2907 52.6526 430000
2-Feb-99 53.0748 53.2557 52.3511 52.6526 352200
1-Feb-99 53.4367 53.4367 52.7129 53.1351 504700
29-Jan-99 54.6429 54.6429 53.3161 53.6779 298800
28-Jan-99 53.4367 54.8239 53.3161 54.7032 652500
27-Jan-99 54.0398 54.5223 53.1954 53.6176 345200
26-Jan-99 54.0398 54.5223 53.1954 54.0398 227400
25-Jan-99 53.7986 54.3414 53.4367 54.0398 253400
22-Jan-99 53.6176 53.9795 53.6176 53.9795 214700
21-Jan-99 53.7382 53.9192 53.3161 53.6176 444100
20-Jan-99 55.6079 55.6079 53.6176 53.7382 357600
19-Jan-99 57.4173 57.4173 56.392 56.5729 408400
15-Jan-99 57.176 58.0204 56.9348 57.6585 795300
14-Jan-99 57.2364 57.2364 56.4523 56.6935 410500
13-Jan-99 56.9348 57.8395 56.6935 57.4776 337800
12-Jan-99 57.5982 57.6585 56.4523 57.1157 410700
11-Jan-99 58.8648 59.0457 56.9951 57.8395 601700
8-Jan-99 57.6585 58.8648 56.9348 58.8648 348800
7-Jan-99 56.9951 58.0204 56.9348 57.6585 422000
6-Jan-99 57.0554 57.4173 56.8142 57.2364 282800
5-Jan-99 57.5379 57.8395 56.9348 57.0554 267500
4-Jan-99 57.4173 58.6838 56.9951 57.176 324500
31-Dec-98 57.4776 57.6585 56.9348 57.4173 329900
30-Dec-98 58.0807 58.0807 57.0554 57.4776 342400
29-Dec-98 56.9348 58.5029 56.9348 58.2617 146400
28-Dec-98 56.9348 57.5982 56.6332 57.176 88500
24-Dec-98 56.9348 57.357 56.5729 57.1157 66000
23-Dec-98 56.8142 56.9951 56.392 56.9348 236700
22-Dec-98 56.6935 56.9951 56.0301 56.7539 219900
21-Dec-98 57.5379 57.6585 56.6935 56.7539 434900
18-Dec-98 56.3317 58.2013 56.3317 57.7188 457200
17-Dec-98 56.6935 56.9951 55.4873 56.8142 325200
16-Dec-98 58.3823 58.3823 56.6935 56.6935 281900
15-Dec-98 57.8694 58.5898 57.6293 58.5898 215200
14-Dec-98 57.6293 58.8299 57.5092 57.7493 413700
11-Dec-98 58.2296 58.8299 58.1095 58.2296 314300
10-Dec-98 58.5898 59.1901 57.8694 58.4697 572100
9-Dec-98 59.7303 60.3907 59.1901 59.3702 251200
8-Dec-98 60.0905 60.1506 59.3101 59.8504 205800
7-Dec-98 59.5502 60.3907 58.6498 60.3306 162700
4-Dec-98 58.9499 60.0905 58.6498 59.6703 234400
3-Dec-98 59.13 60.0305 57.8694 58.8899 412900
2-Dec-98 59.3101 59.7904 59.1901 59.3702 195600
1-Dec-98 58.7098 60.4507 58.7098 59.4902 242900
30-Nov-98 60.3907 60.4507 58.9499 58.9499 317200
27-Nov-98 60.3907 60.5708 59.6103 60.3306 59900
25-Nov-98 60.7509 60.7509 59.3101 60.3306 286000
24-Nov-98 62.4317 62.5518 60.5107 60.6308 294800
23-Nov-98 62.0715 62.972 61.8314 62.7919 235600
20-Nov-98 62.5518 62.7919 62.2516 62.3116 399000
19-Nov-98 61.5913 62.3717 61.4712 62.0715 715900
18-Nov-98 60.5107 61.4112 60.3907 61.3512 241800
17-Nov-98 60.6308 61.5913 60.3907 60.3907 351800
16-Nov-98 60.5107 61.111 60.3907 61.111 623900
13-Nov-98 58.1095 59.7904 58.1095 59.6103 358000
12-Nov-98 57.6293 58.5297 57.6293 58.1695 190600
11-Nov-98 58.1095 58.4097 57.6293 57.8694 303000
10-Nov-98 57.6293 58.6498 57.6293 58.5297 538300
9-Nov-98 58.3496 58.8899 56.9089 57.3891 287500
6-Nov-98 58.4697 58.6498 57.3891 57.5692 241700
5-Nov-98 56.2486 58.5898 56.1285 58.5898 290900
4-Nov-98 57.6293 58.4697 56.4887 56.4887 282600
3-Nov-98 56.3086 57.5092 56.1285 57.149 671900
2-Nov-98 56.6688 56.7288 56.0084 56.2486 696800
30-Oct-98 57.2091 57.3291 56.1885 56.7288 530500
29-Oct-98 57.3291 57.9294 56.8489 56.9689 414800
28-Oct-98 57.8094 57.9294 56.7888 57.2091 267700
27-Oct-98 58.7098 59.2501 57.8094 58.0495 459400
26-Oct-98 59.7303 59.7904 58.8899 59.3101 473300
23-Oct-98 59.07 59.9705 58.6498 59.9705 762200
22-Oct-98 59.6703 60.0305 58.5898 59.13 904700
21-Oct-98 58.9499 59.7904 58.8299 59.5502 448100
20-Oct-98 58.2896 59.13 58.2296 59.01 332900
19-Oct-98 58.5898 60.1506 58.4697 58.5297 376800
16-Oct-98 59.01 59.01 57.6293 58.5898 440400
15-Oct-98 56.9089 59.5502 56.0685 58.9499 534700
14-Oct-98 54.9279 56.8489 54.9279 56.6688 507700
13-Oct-98 55.3481 55.3481 54.0274 54.6878 436200
12-Oct-98 55.4081 55.9484 55.3481 55.5882 429900
9-Oct-98 55.4682 55.7083 53.6072 54.4477 554000
8-Oct-98 54.7478 55.7083 52.9469 55.108 790400
7-Oct-98 57.029 57.089 54.7478 55.6483 995300
6-Oct-98 60.1506 60.5107 57.3291 58.7098 1110000
5-Oct-98 58.6498 62.5518 58.0495 61.9515 832500
2-Oct-98 56.8489 58.7698 56.4887 58.6498 916900
1-Oct-98 56.4287 57.5692 55.7683 55.8884 373900
30-Sep-98 57.8094 58.0495 56.6688 56.6688 282500
29-Sep-98 56.6688 58.1095 56.6688 57.5692 361000
28-Sep-98 58.4697 58.4697 56.6688 56.6688 510600
25-Sep-98 58.9499 58.9499 58.1095 58.4697 318100
24-Sep-98 58.5898 59.01 57.9895 58.8899 853000
23-Sep-98 57.7493 60.5107 57.7493 59.5502 870900
22-Sep-98 57.7493 58.8899 57.2091 57.9895 1109400
21-Sep-98 53.7873 57.6293 53.5472 57.029 977100
18-Sep-98 53.6673 54.3276 53.5472 54.3276 444300
17-Sep-98 52.7068 53.7873 52.5267 53.4872 692200
16-Sep-98 53.4271 54.4477 52.6467 53.067 525400
15-Sep-98 53.0346 53.7512 52.7359 53.2735 447500
14-Sep-98 52.6762 53.154 52.4373 53.0346 364000
11-Sep-98 51.6012 53.2137 51.2429 52.4373 487100
10-Sep-98 51.7206 52.2582 51.1234 51.7206 854600
9-Sep-98 51.6012 51.7804 51.1234 51.7206 520100
8-Sep-98 51.1831 51.8401 50.6456 51.7804 492800
4-Sep-98 50.8845 51.3623 50.6456 51.1831 261100
3-Sep-98 51.3026 51.9595 50.4664 50.8845 398300
2-Sep-98 51.2429 52.0193 50.8845 51.3623 315700
1-Sep-98 50.6456 51.6012 49.69 51.1831 731300
31-Aug-98 52.6165 52.6165 50.7651 50.7651 315700
28-Aug-98 52.7957 53.3929 52.1984 52.4971 238600
27-Aug-98 53.8707 54.7665 51.6012 52.7957 387300
26-Aug-98 54.5277 54.5874 53.9901 54.1096 236000
25-Aug-98 54.6471 55.1249 54.1693 54.7665 790300
24-Aug-98 52.5568 54.8263 52.5568 54.4679 925300
21-Aug-98 52.8554 52.9151 51.7206 52.5568 208700
20-Aug-98 53.0346 53.2137 52.1387 52.9748 220300
19-Aug-98 53.2735 53.2735 52.6762 52.8554 354300
18-Aug-98 52.5568 53.3332 52.5568 53.154 271300
17-Aug-98 52.4971 52.5568 51.9595 52.3179 230000
14-Aug-98 52.6762 53.2735 52.2582 52.4971 281000
13-Aug-98 52.7359 53.4526 52.6165 52.7957 185900
12-Aug-98 52.3776 53.2735 52.1984 52.6165 510400
11-Aug-98 51.6012 52.3776 50.8845 52.3776 365100
10-Aug-98 52.8554 52.8554 52.0193 52.5568 229000
7-Aug-98 52.6762 52.7359 52.079 52.7359 398700
6-Aug-98 52.0193 52.9151 52.0193 52.2582 451900
5-Aug-98 51.3623 51.9595 50.7651 51.9595 553700
4-Aug-98 52.3179 52.3179 51.004 51.3623 600400
3-Aug-98 50.5262 52.2582 50.5262 51.9595 372200
31-Jul-98 52.8554 52.8554 50.0484 50.6456 466100
30-Jul-98 52.5568 53.3929 52.3179 53.0346 558000
29-Jul-98 50.4664 51.7804 50.4664 51.6012 536800
28-Jul-98 50.347 50.5859 49.69 50.2276 393300
27-Jul-98 51.004 51.004 50.2873 50.5859 208500
24-Jul-98 52.5568 52.5568 51.1234 51.3623 653000
23-Jul-98 50.6456 52.2582 50.347 51.4817 1821900
22-Jul-98 51.3623 51.422 49.4511 49.4511 1102900
21-Jul-98 51.5415 51.8401 51.422 51.5415 596200
20-Jul-98 51.6609 51.8401 51.3324 51.4817 361000
17-Jul-98 51.6012 52.1387 51.4817 51.7804 394400
16-Jul-98 51.2429 51.3623 51.004 51.3623 183500
15-Jul-98 51.7206 51.7804 51.1234 51.6012 364700
14-Jul-98 52.3179 52.3776 51.5415 52.1984 177600
13-Jul-98 52.4373 52.7957 51.7804 52.4373 185400
10-Jul-98 53.154 53.2137 52.4373 52.6165 713600
9-Jul-98 53.2137 53.3929 52.7957 53.154 153900
8-Jul-98 53.5124 53.6318 52.9151 53.3332 106300
7-Jul-98 53.2137 53.8707 53.0346 53.2735 399100
6-Jul-98 52.5568 53.0943 52.3179 53.0943 137200
2-Jul-98 52.6762 52.6762 52.2582 52.3776 226000
1-Jul-98 52.5568 52.7957 52.2582 52.6762 393700
30-Jun-98 52.3776 52.6762 52.1387 52.4971 406400
29-Jun-98 53.2137 53.2735 51.7206 52.5568 350800
26-Jun-98 53.2735 53.5124 53.0943 53.4526 130900
25-Jun-98 53.3929 53.5124 53.0943 53.3929 317800
24-Jun-98 53.3332 53.4526 52.5568 53.154 115700
23-Jun-98 52.6762 53.5124 52.6762 53.5124 561400
22-Jun-98 52.5568 53.2137 52.4373 52.6762 207400
19-Jun-98 53.9901 53.9901 52.4373 52.4971 305800
18-Jun-98 53.8707 54.2888 53.5124 53.7512 447800
17-Jun-98 52.9151 54.4679 52.5568 54.1693 479800
16-Jun-98 52.8198 52.8792 51.9286 52.4039 232500
15-Jun-98 52.9386 53.3545 52.5227 52.5821 337900
12-Jun-98 52.8792 53.4733 52.2851 52.8198 227400
11-Jun-98 53.1169 53.5328 52.3445 53.0574 319400
10-Jun-98 53.1763 53.4733 52.8792 53.1169 708800
9-Jun-98 54.3052 54.3646 53.4139 53.4139 388100
8-Jun-98 54.6022 55.5529 54.3052 54.3052 221600
5-Jun-98 54.3052 54.9587 54.1269 54.3052 581200
4-Jun-98 54.7805 54.7805 53.7704 54.3052 233400
3-Jun-98 54.3646 55.3746 54.3052 54.7805 308500
2-Jun-98 54.8993 55.3152 54.424 54.6022 433500
1-Jun-98 54.6616 55.0181 54.424 54.8993 348800
29-May-98 54.8993 55.0181 54.6616 54.8399 428700
28-May-98 54.3052 54.8993 54.3052 54.8399 411900
27-May-98 54.6022 55.0775 54.0081 54.0675 491300
26-May-98 54.424 54.8993 54.0675 54.7211 510700
22-May-98 54.7805 55.137 53.5328 54.5428 514300
21-May-98 54.1863 54.5428 53.711 54.1269 200500
20-May-98 53.4733 54.4834 53.4733 54.424 308200
19-May-98 53.711 54.1863 53.1169 53.2357 255800
18-May-98 53.8298 53.8298 53.0574 53.4733 191200
15-May-98 53.8893 54.3646 53.5922 54.0675 315200
14-May-98 53.2357 54.6616 53.1763 54.1269 568700
13-May-98 52.5227 53.5922 52.5227 53.3545 285200
12-May-98 52.6415 52.8792 52.4633 52.7604 304900
11-May-98 52.1662 53.6516 52.1662 52.998 481500
8-May-98 50.4432 52.8792 50.4432 52.1662 339900
7-May-98 50.3838 51.5127 50.2649 50.4432 431200
6-May-98 49.7302 50.8591 49.4331 50.4432 339900
5-May-98 49.7896 49.7896 49.2549 49.6114 276900
4-May-98 49.3737 50.0273 49.3143 49.9085 464300
1-May-98 49.552 49.849 49.1361 49.7302 320600
30-Apr-98 49.9085 50.0273 49.4331 49.4331 532900
29-Apr-98 48.5419 49.3143 48.1854 48.9578 440000
28-Apr-98 49.7896 50.1461 48.126 48.4825 576800
27-Apr-98 50.5026 50.6214 49.4926 49.4926 339600
24-Apr-98 51.5721 51.8097 50.9185 51.1562 609900
23-Apr-98 50.6214 51.3938 50.6214 50.7997 542600
22-Apr-98 49.6708 50.7403 49.6114 50.6214 706200
21-Apr-98 50.8591 51.0373 49.552 49.552 859000
20-Apr-98 50.8591 51.275 50.5026 50.6214 458900
17-Apr-98 50.8591 51.275 50.2649 50.9185 824700
16-Apr-98 51.3344 52.2256 50.3838 50.6214 538600
15-Apr-98 52.7604 52.8198 52.1068 52.2851 267100
14-Apr-98 54.1269 54.1269 53.1169 53.3545 322100
13-Apr-98 54.7211 54.7211 54.1863 54.3646 380500
9-Apr-98 53.6516 54.9587 53.5328 54.8993 396200
8-Apr-98 53.4733 54.1863 53.3545 53.5328 235800
7-Apr-98 53.711 53.711 52.8792 53.4733 450300
6-Apr-98 54.424 54.6022 53.8298 53.8298 403500
3-Apr-98 55.137 55.137 54.0675 54.424 387300
2-Apr-98 54.0675 55.1964 53.8298 55.137 515000
1-Apr-98 54.4834 54.4834 53.4733 53.9487 606600
31-Mar-98 54.6022 55.137 54.3646 54.424 517600
30-Mar-98 54.5428 54.6616 53.4733 54.3646 317600
27-Mar-98 55.3746 55.3746 53.8298 54.5428 287400
26-Mar-98 54.5428 55.3152 54.5428 55.137 212400
25-Mar-98 55.2558 55.3152 54.7805 55.0775 690600
24-Mar-98 54.6616 55.3746 54.424 55.137 306800
23-Mar-98 54.3052 55.0775 54.3052 54.6616 241600
20-Mar-98 54.1863 55.0181 54.1863 54.8993 669500
19-Mar-98 54.4834 54.6616 54.0675 54.424 754500
18-Mar-98 55.0181 55.0775 54.3646 54.4834 468300
17-Mar-98 54.7805 55.3152 54.5428 55.0181 1020300
16-Mar-98 55.8499 56.2064 54.5428 54.8993 658600
13-Mar-98 54.9875 57.116 54.8692 55.5196 3066000
12-Mar-98 54.3962 55.2831 54.1597 54.6327 983100
11-Mar-98 53.8641 54.1597 53.2728 53.7458 251500
10-Mar-98 54.8101 54.8101 53.9232 54.1006 404700
9-Mar-98 52.7407 54.1597 52.6224 54.0414 414000
6-Mar-98 51.9129 53.2137 51.9129 52.9772 219700
5-Mar-98 52.3859 52.5633 51.3808 51.9129 340200
4-Mar-98 52.7407 53.0954 52.0311 53.0954 277000
3-Mar-98 52.0311 52.7407 51.7355 52.5042 269200
2-Mar-98 52.0311 52.3859 51.499 52.0311 458900
27-Feb-98 50.8486 51.0851 50.7304 50.9669 275600
26-Feb-98 50.9669 51.3808 50.8486 50.8486 639800
25-Feb-98 51.4399 51.7355 50.8486 51.0851 328700
24-Feb-98 50.7304 51.4399 50.3756 51.4399 489900
23-Feb-98 51.1442 51.6764 50.2574 50.8486 403600
20-Feb-98 51.2034 51.499 50.9077 51.2625 500800
19-Feb-98 50.1391 50.7895 50.08 50.3165 545200
18-Feb-98 49.8435 50.4347 49.6661 50.1982 621300
17-Feb-98 47.7741 49.9617 47.7741 49.8435 609700
13-Feb-98 46.1185 47.9514 46.1185 47.7149 471300
12-Feb-98 46.4733 46.7098 46.1776 46.355 843900
11-Feb-98 48.4836 48.6018 45.882 46.5915 1284300
10-Feb-98 48.8975 49.0157 48.1879 48.2471 833300
9-Feb-98 49.2522 49.5478 48.7201 48.8975 429600
6-Feb-98 49.1931 49.5478 49.0748 49.0748 1395300
5-Feb-98 49.3113 49.7843 47.0645 49.134 2476900
4-Feb-98 50.553 51.2034 50.1982 50.8486 244400
3-Feb-98 51.1442 51.1442 50.1391 50.7304 343900
2-Feb-98 51.5581 51.7355 51.2625 51.3808 393400
30-Jan-98 51.2625 51.2625 50.1982 50.8486 269600
29-Jan-98 51.3216 51.7946 50.9077 51.0851 279300
28-Jan-98 51.3216 51.9129 50.6121 51.1442 313200
27-Jan-98 51.2625 51.7946 51.1442 51.3216 456300
26-Jan-98 51.2034 51.5581 50.6712 51.3808 320300
23-Jan-98 51.0851 51.4399 50.6121 51.026 443700
22-Jan-98 50.4939 51.499 50.3165 51.1442 620800
21-Jan-98 50.7304 50.7895 50.2574 50.6121 437100
20-Jan-98 49.7843 50.6121 49.7843 50.553 578500
16-Jan-98 49.1931 50.0208 48.9566 49.6661 326900
15-Jan-98 48.1879 48.4836 47.8332 48.4244 214800
14-Jan-98 48.4836 48.9566 47.7741 48.1879 455300
13-Jan-98 48.7201 48.7201 47.8923 48.1288 352500
12-Jan-98 47.5375 49.1931 47.5375 48.4244 556700
9-Jan-98 49.134 49.5478 48.2471 48.3062 319500
8-Jan-98 49.0748 49.1931 48.7201 49.134 299900
7-Jan-98 49.0157 49.0157 48.4836 48.8383 286600
6-Jan-98 48.6609 49.134 48.4836 49.0748 573200
5-Jan-98 49.7252 49.7252 48.1288 48.8975 669600
2-Jan-98 49.7843 49.8435 49.1931 49.6661 123200
31-Dec-97 50.1391 50.2574 49.607 49.9026 204400
30-Dec-97 50.1391 50.2574 49.9026 50.08 150100
29-Dec-97 50.2574 50.2574 49.607 50.1982 199000
26-Dec-97 50.1391 50.3165 49.7843 50.0208 42600
24-Dec-97 50.0208 50.6121 49.9026 49.9026 221600
23-Dec-97 51.6764 51.6764 49.6661 50.08 507500
22-Dec-97 50.3756 52.1494 50.3756 51.8538 825800
19-Dec-97 49.2522 50.3756 48.7201 50.3756 389200
18-Dec-97 50.0208 50.08 49.4296 49.4296 219200
17-Dec-97 49.7252 50.2574 49.3113 50.2574 422600
16-Dec-97 50.1044 50.3396 49.3987 49.8104 189300
15-Dec-97 48.987 50.1632 48.987 50.0456 401300
12-Dec-97 48.8694 49.5751 48.8694 48.987 344600
11-Dec-97 49.3399 49.3399 48.5166 48.8694 364000
10-Dec-97 49.1047 49.7516 49.1047 49.2811 314500
9-Dec-97 49.3399 49.5163 48.9282 49.3399 282600
8-Dec-97 49.5751 50.222 48.987 49.5751 200300
5-Dec-97 48.693 49.7516 48.6342 49.3399 281900
4-Dec-97 49.8692 49.9868 49.1635 49.5163 267200
3-Dec-97 50.222 50.222 49.3987 49.8692 376500
2-Dec-97 50.1044 50.222 49.2811 50.1632 264600
1-Dec-97 49.8692 50.222 49.6339 50.1044 484100
28-Nov-97 50.222 50.2808 49.8692 49.8692 141100
26-Nov-97 49.7516 50.4572 49.7516 50.222 513700
25-Nov-97 49.3399 50.1632 49.0459 49.8104 608800
24-Nov-97 47.0464 48.9282 46.9288 48.5754 915200
21-Nov-97 48.2814 48.693 46.7523 47.0464 759000
20-Nov-97 49.2811 49.3987 47.8697 48.0461 538200
19-Nov-97 49.3987 49.5163 48.8106 49.0459 878200
18-Nov-97 49.8692 50.222 49.2811 49.5163 687200
17-Nov-97 49.8692 50.4572 49.5751 49.8692 743600
14-Nov-97 49.1047 50.5749 49.1047 50.5161 689700
13-Nov-97 48.9282 49.3987 48.3402 49.3399 727100
12-Nov-97 47.6933 49.5751 47.2228 48.9282 1069800
11-Nov-97 46.8112 47.9873 46.7523 47.9285 1206300
10-Nov-97 46.3995 47.164 46.3995 46.5759 462200
7-Nov-97 46.1055 46.3995 45.2821 46.3995 277400
6-Nov-97 46.9288 46.9876 45.929 46.7523 415100
5-Nov-97 47.0464 47.5168 46.6347 47.3404 443800
4-Nov-97 45.2821 47.0464 45.2821 47.0464 540400
3-Nov-97 45.2821 46.1055 45.1645 45.5174 385200
31-Oct-97 44.2236 45.1057 44.2236 45.0469 456100
Date Open High Low Close Volume
4-Oct-00 75.8951 76.5805 75.5212 75.8328 506000
3-Oct-00 78.0137 78.2006 76.6428 76.8921 631000
2-Oct-00 79.1353 79.3845 77.9514 78.2629 760700
29-Sep-00 78.5745 79.6338 77.8891 78.8861 560800
28-Sep-00 78.5122 79.5715 77.7645 78.076 551800
27-Sep-00 76.6428 78.0137 76.5182 77.7645 600000
26-Sep-00 75.5212 76.3936 75.2097 76.0197 585600
25-Sep-00 75.5212 75.5212 74.5243 75.1474 400000
22-Sep-00 74.5243 75.6459 74.3996 75.272 501100
21-Sep-00 72.7172 74.3996 72.5926 73.9012 652700
20-Sep-00 72.7172 73.6519 72.2811 72.7172 348700
19-Sep-00 72.9306 73.1789 72.6203 72.6823 726200
18-Sep-00 73.5513 73.7375 72.6203 72.9306 370800
15-Sep-00 72.7444 74.3582 72.4961 73.1789 601600
14-Sep-00 72.372 72.4961 71.6272 72.2479 483700
13-Sep-00 71.503 72.9927 71.3168 72.4961 457900
12-Sep-00 70.8824 72.0617 70.572 71.6892 413000
11-Sep-00 71.503 71.8755 70.7582 71.1306 620500
8-Sep-00 67.2203 73.3651 67.2203 72.1858 1090400
7-Sep-00 65.5445 67.5927 65.5445 67.1582 732900
6-Sep-00 67.7789 67.7789 67.1582 67.5306 603600
5-Sep-00 68.2755 68.3375 67.5306 67.7789 419200
1-Sep-00 67.9031 68.3375 67.2824 67.7789 709100
31-Aug-00 69.1444 69.1444 67.0341 67.4841 1573700
30-Aug-00 70.0755 70.3858 69.2686 69.3927 595900
29-Aug-00 71.6892 71.8755 69.641 69.9513 676500
28-Aug-00 72.6823 73.1789 71.1306 71.441 607700
25-Aug-00 73.9858 73.9858 72.5582 72.6203 533800
24-Aug-00 73.3651 73.8616 73.1789 73.6134 219700
23-Aug-00 72.9306 73.3651 72.8685 73.3651 287300
22-Aug-00 73.1789 73.303 72.4961 72.5582 252500
21-Aug-00 72.7444 73.303 72.5582 73.0548 198900
18-Aug-00 72.5582 72.8685 72.4961 72.6203 157500
17-Aug-00 73.3651 73.3651 72.1237 72.5582 316400
16-Aug-00 73.9858 73.9858 71.9375 73.303 827500
15-Aug-00 73.1168 74.8547 73.1168 74.3582 687100
14-Aug-00 71.0065 73.3651 70.8824 73.241 747500
11-Aug-00 70.2617 71.1927 70.0134 71.0065 663500
10-Aug-00 68.5237 70.3858 68.5237 69.8272 470800
9-Aug-00 67.7169 68.5237 67.5927 68.5237 383000
8-Aug-00 67.5306 68.5237 67.4065 68.3375 406600
7-Aug-00 68.5237 68.6479 67.5927 68.3375 272100
4-Aug-00 67.7169 67.9031 66.91 67.5306 507300
3-Aug-00 68.8962 68.8962 67.7169 67.7789 260400
2-Aug-00 68.5858 69.2686 68.1513 68.6479 399900
1-Aug-00 67.4065 68.8962 66.1651 68.4617 619800
31-Jul-00 67.7789 68.0893 66.5996 66.7858 606600
28-Jul-00 68.5858 68.8962 67.2824 67.5306 520100
27-Jul-00 68.71 69.0203 67.7789 68.6479 512300
26-Jul-00 68.772 69.641 68.3375 68.8341 465800
25-Jul-00 69.1444 69.3927 68.3375 68.6479 474700
24-Jul-00 68.2755 68.3375 67.2824 68.1513 1062700
21-Jul-00 71.7513 72.372 66.7858 68.3996 1698300
20-Jul-00 79.3237 80.1306 71.2548 72.6203 2273400
19-Jul-00 75.103 78.4547 75.103 77.5858 885200
18-Jul-00 74.9789 75.4134 74.5444 75.103 314700
17-Jul-00 75.2272 75.2272 74.1099 74.2341 411000
14-Jul-00 74.5444 75.4134 74.2961 74.4203 351900
13-Jul-00 74.172 75.2272 74.1099 74.2961 429700
12-Jul-00 74.1099 74.7306 73.5513 74.172 356500
11-Jul-00 73.4892 74.1099 73.1789 73.7375 636700
10-Jul-00 74.6065 74.7306 72.9927 73.241 870200
7-Jul-00 76.0961 76.0961 74.6065 74.6065 558100
6-Jul-00 76.2823 76.2823 74.8547 75.8478 651600
5-Jul-00 75.4754 75.972 75.041 75.972 553300
3-Jul-00 74.8547 75.4754 73.9858 75.4754 425900
30-Jun-00 75.972 75.972 74.4823 74.6065 1459000
29-Jun-00 74.6685 76.1582 74.6685 74.9789 614900
28-Jun-00 75.2272 76.0961 73.6754 74.7306 552400
27-Jun-00 74.4203 75.5996 74.2341 74.9789 870600
26-Jun-00 73.303 74.8547 73.303 74.3582 576800
23-Jun-00 72.2479 73.5513 71.6272 72.6823 555200
22-Jun-00 72.2479 72.3099 71.3168 71.6892 430200
21-Jun-00 74.172 74.172 71.6892 72.4341 487200
20-Jun-00 73.8616 74.2961 72.5582 73.6754 605600
19-Jun-00 72.8685 73.4892 72.4341 73.241 341600
16-Jun-00 74.8547 74.8547 71.7513 71.9065 701800
15-Jun-00 72.9927 76.2203 72.9927 74.6685 967400
14-Jun-00 71.6272 73.241 71.5651 73.1168 660800
13-Jun-00 70.2325 72.3964 70.2325 71.6545 579200
12-Jun-00 69.4288 70.4798 69.2433 70.1089 561600
9-Jun-00 70.2325 70.4798 69.367 69.9234 283000
8-Jun-00 70.2325 70.7889 69.4906 70.1089 465000
7-Jun-00 68.8106 71.7163 68.8106 71.2217 746800
6-Jun-00 67.7596 68.7487 67.265 68.5633 687700
5-Jun-00 69.1197 69.1815 67.6977 67.7596 454300
2-Jun-00 71.469 71.84 68.8106 68.8724 626300
1-Jun-00 72.52 72.7673 71.3454 71.5927 432700
31-May-00 73.0146 73.0764 71.469 72.7673 521000
30-May-00 71.84 74.0656 71.2835 73.4474 482900
26-May-00 71.2217 72.7055 71.0362 71.7163 722100
25-May-00 72.3346 73.6329 70.1089 70.9126 825800
24-May-00 71.3454 72.891 71.3454 72.2109 1082200
23-May-00 69.4906 71.3454 69.1197 71.2217 405100
22-May-00 67.265 69.7379 67.265 69.5525 1100700
19-May-00 70.1089 71.6545 69.2433 69.6143 719300
18-May-00 69.9852 71.1599 69.8616 70.6035 351700
17-May-00 70.4798 70.6653 69.8616 70.2944 557800
16-May-00 70.4798 70.7271 69.4288 70.6035 401800
15-May-00 69.6143 70.5416 69.4906 69.6761 560400
12-May-00 70.2325 70.6035 69.367 69.7998 374600
11-May-00 69.8616 71.2835 69.367 71.2835 631800
10-May-00 70.3562 72.0254 68.7487 69.0579 685200
9-May-00 69.2433 71.3454 68.3778 71.0362 895400
8-May-00 68.5633 69.1197 68.3778 68.7487 525400
5-May-00 68.7487 68.7487 67.3268 68.1923 604700
4-May-00 68.5633 69.1815 67.0177 68.316 911000
3-May-00 67.5123 70.1089 67.5123 68.8106 1855100
2-May-00 66.8322 67.8832 65.5339 65.5339 622100
1-May-00 64.4829 67.5741 64.4829 67.0795 723500
28-Apr-00 65.5339 65.5339 63.3082 64.4829 547700
27-Apr-00 66.7704 67.0795 65.472 65.7812 464100
26-Apr-00 66.2758 67.1413 66.0903 66.5231 820600
25-Apr-00 65.1629 66.7704 64.5447 66.2758 616200
24-Apr-00 66.3376 68.2541 65.5339 65.843 1368000
20-Apr-00 64.0501 66.6467 63.6791 66.5849 1332700
19-Apr-00 62.6899 63.1227 62.1335 62.3808 251400
18-Apr-00 61.7626 62.9372 61.268 62.6899 567000
17-Apr-00 60.7116 61.8244 59.9697 61.5153 530200
14-Apr-00 63.3082 63.741 60.3406 60.9589 732000
13-Apr-00 63.3082 64.6065 62.8136 63.9264 377800
12-Apr-00 62.1335 65.2866 62.1335 63.3082 493000
11-Apr-00 60.4643 61.9481 60.1551 61.7626 319900
10-Apr-00 59.9079 61.3298 59.7224 60.3406 578800
7-Apr-00 60.4643 60.5879 59.846 60.1551 233500
6-Apr-00 61.8244 61.9481 59.2278 60.0315 281300
5-Apr-00 61.1443 62.5663 60.6497 61.0825 426600
4-Apr-00 60.9589 63.4318 59.4133 61.1443 463700
3-Apr-00 59.3514 60.8352 59.3514 60.4643 530700
31-Mar-00 61.8244 61.8244 59.9697 59.9697 911800
30-Mar-00 58.3622 61.8244 58.1149 60.217 1023300
29-Mar-00 54.4055 57.1876 54.2818 56.8785 656500
28-Mar-00 51.3143 54.4055 51.067 53.7254 854600
27-Mar-00 50.696 51.4379 48.9649 50.5724 645100
24-Mar-00 52.4271 52.9835 51.4379 51.5616 548900
23-Mar-00 50.9433 51.4379 50.3251 51.3143 491900
22-Mar-00 52.798 53.1072 50.8197 51.6852 508600
21-Mar-00 51.1906 53.6018 51.067 53.4163 481300
20-Mar-00 51.9943 52.9217 51.1906 51.8089 512100
17-Mar-00 54.9001 54.9001 52.7362 52.7362 563900
16-Mar-00 51.0051 57.8676 50.5724 54.6528 1143300
15-Mar-00 45.5028 51.6234 45.3791 51.0051 1216800
14-Mar-00 45.4409 45.9974 45.3173 45.5028 1083100
13-Mar-00 46.121 47.2338 45.3173 45.4409 538100
10-Mar-00 47.1913 47.3142 45.8395 45.9009 353000
9-Mar-00 48.4202 48.666 46.2081 46.2081 637400
8-Mar-00 47.4371 52.1071 47.1913 48.666 678100
7-Mar-00 48.4202 48.4202 46.2081 46.6383 809900
6-Mar-00 50.7552 50.7552 48.4202 48.666 295000
3-Mar-00 50.5094 51.4926 50.0793 50.7552 608600
2-Mar-00 52.783 53.0902 49.7721 50.7552 310300
1-Mar-00 53.2746 53.4589 52.3528 52.783 373500
29-Feb-00 52.3528 53.4589 52.2914 53.0288 330900
28-Feb-00 50.1408 52.5986 49.6492 52.23 504400
25-Feb-00 50.8781 51.8613 50.0179 50.6323 614900
24-Feb-00 53.9505 53.9505 50.1408 50.9396 614800
23-Feb-00 55.2409 55.4252 53.7047 54.1963 452000
22-Feb-00 55.0565 55.7939 54.2577 54.9951 805600
18-Feb-00 55.9168 56.5312 54.5649 54.9951 482500
17-Feb-00 55.9168 56.9614 55.6095 56.5312 415800
16-Feb-00 56.6541 56.7156 54.9336 56.4084 811400
15-Feb-00 55.671 57.3301 55.5481 57.2686 438900
14-Feb-00 54.8107 56.0397 54.442 55.671 307800
11-Feb-00 54.3806 55.0565 53.336 54.8107 528200
10-Feb-00 55.9168 56.4698 53.5203 54.6264 457200
9-Feb-00 56.1626 56.5927 55.671 55.7324 432500
8-Feb-00 56.4084 56.6541 55.7939 56.1011 749100
7-Feb-00 55.9168 55.9168 54.6878 55.4866 468800
4-Feb-00 56.8999 57.9445 55.7939 56.4084 526400
3-Feb-00 56.0397 57.5758 55.0565 56.9614 766700
2-Feb-00 56.777 57.8831 54.9336 55.5481 1217100
1-Feb-00 57.7602 58.006 54.1348 55.118 675100
31-Jan-00 55.8553 58.8662 55.5481 58.3747 525000
28-Jan-00 57.4529 57.4529 54.8107 55.6095 291600
27-Jan-00 57.7602 57.8831 56.7156 57.2072 330700
26-Jan-00 57.0228 58.006 56.8385 57.9445 448100
25-Jan-00 58.1289 58.6204 56.0397 57.2686 498400
24-Jan-00 59.7265 60.2181 58.1903 58.9277 357700
21-Jan-00 60.341 60.4024 59.1735 59.4807 484400
20-Jan-00 60.5867 61.0169 59.6036 60.4639 529800
19-Jan-00 61.6928 61.8771 60.5253 60.6482 502000
18-Jan-00 62.1844 62.9832 61.9386 61.9386 699100
14-Jan-00 64.6422 64.6422 62.4916 63.4133 542300
13-Jan-00 65.9326 65.9326 65.0724 65.2567 321000
12-Jan-00 65.9941 66.7314 65.564 65.6868 313300
11-Jan-00 65.0724 66.8543 65.0109 66.5471 347800
10-Jan-00 66.2399 66.5471 64.5194 64.8266 571300
7-Jan-00 64.3965 65.2567 64.1507 65.2567 366500
6-Jan-00 62.8603 65.3796 62.6145 64.2121 460300
5-Jan-00 60.7096 63.4133 60.7096 62.9832 436400
4-Jan-00 62.3687 62.6145 60.2181 60.9554 293400
3-Jan-00 64.2736 64.3965 62.0615 62.6145 218700
31-Dec-99 64.9495 64.9495 64.2736 64.5194 85800
30-Dec-99 64.6422 65.9941 64.3965 64.8266 177700
29-Dec-99 65.2567 65.6254 64.6422 64.888 174500
28-Dec-99 64.888 65.3796 64.4579 65.3182 336800
27-Dec-99 63.1061 65.3796 62.6759 65.0724 253100
23-Dec-99 62.9217 63.5362 62.5531 63.229 192800
22-Dec-99 62.3687 63.1675 62.3687 62.7988 208500
21-Dec-99 61.5699 62.9217 61.5085 62.3533 303500
20-Dec-99 61.2012 61.9386 60.894 61.8157 300500
17-Dec-99 61.2627 61.2627 60.5867 60.7096 594900
16-Dec-99 61.9386 61.9386 60.5253 61.2627 354300
15-Dec-99 61.5085 62.1844 61.3241 61.9386 339400
14-Dec-99 63.0636 63.1247 61.2897 61.2897 487800
13-Dec-99 63.3082 63.7364 62.8189 63.0636 357800
10-Dec-99 63.2471 63.4306 62.9412 63.1247 148900
9-Dec-99 62.8801 63.2471 62.3907 63.0024 236000
8-Dec-99 63.1247 64.5927 62.6354 63.1247 508100
7-Dec-99 63.8587 64.0422 62.7577 62.8801 284900
6-Dec-99 64.5927 65.1432 63.6141 64.1034 275700
3-Dec-99 63.0636 65.0821 63.0636 64.4704 383300
2-Dec-99 63.1247 63.4917 62.7577 63.2471 260900
1-Dec-99 63.8587 63.9199 63.1247 63.3082 347900
30-Nov-99 63.6752 64.4092 63.6141 63.8587 254700
29-Nov-99 63.4917 63.9811 62.6354 63.6752 448900
26-Nov-99 64.5927 64.6539 63.7364 64.2869 102300
24-Nov-99 64.2257 64.8374 63.1859 64.5316 279400
23-Nov-99 63.4917 64.9597 62.6354 64.3481 873400
22-Nov-99 66.9783 67.2841 63.3694 63.6141 641300
19-Nov-99 67.6511 67.9569 66.8559 66.9783 271600
18-Nov-99 68.5075 69.1191 68.2628 68.2628 653600
17-Nov-99 67.6511 69.4861 67.1618 68.3851 875500
16-Nov-99 65.5714 67.3453 65.5714 66.9171 441000
15-Nov-99 64.5927 64.8374 63.2471 64.7151 281100
12-Nov-99 64.9597 65.6326 63.8587 65.1432 247100
11-Nov-99 65.8773 66.1831 64.7762 64.9597 180300
10-Nov-99 66.3666 66.3666 65.4491 65.9996 203300
9-Nov-99 68.0793 68.0793 65.5714 66.8559 382100
8-Nov-99 66.4889 68.0181 66.1219 67.9569 281800
5-Nov-99 66.4889 66.7948 66.2443 66.4278 301500
4-Nov-99 67.4064 67.6511 65.4491 66.4278 487100
3-Nov-99 67.0394 68.4463 66.9783 67.5899 599400
2-Nov-99 67.8958 68.4463 66.7948 66.7948 392200
1-Nov-99 68.2628 68.9968 67.7734 67.8958 623100
29-Oct-99 68.2628 69.425 68.1404 68.5075 673800
28-Oct-99 66.4278 67.2841 65.6326 67.2841 340400
27-Oct-99 63.8587 65.3879 63.7364 65.2656 314700
26-Oct-99 64.7762 64.8374 63.6141 63.6752 305400
25-Oct-99 65.5102 65.7549 63.6752 64.5316 537500
22-Oct-99 65.4491 65.8161 64.2257 65.3267 461300
21-Oct-99 68.0181 68.3239 62.8801 65.2044 1404400
20-Oct-99 66.3054 66.7948 65.6938 66.5501 292600
19-Oct-99 65.5714 66.5501 64.2257 66.4278 742100
18-Oct-99 61.7179 63.9811 61.6567 63.9811 451700
15-Oct-99 61.8402 62.3907 61.412 61.7179 265600
14-Oct-99 61.5344 62.8801 61.412 62.0849 246500
13-Oct-99 62.513 62.513 61.412 61.6567 257000
12-Oct-99 62.0237 63.1247 62.0237 62.4519 230800
11-Oct-99 62.6354 62.9412 61.9014 62.0237 209000
8-Oct-99 61.779 62.8801 61.7179 62.8801 267400
7-Oct-99 60.6169 62.0237 60.6169 61.8402 345800
6-Oct-99 58.843 60.9227 58.843 60.6169 471800
5-Oct-99 58.9653 59.6993 58.0478 58.843 370300
4-Oct-99 59.3323 59.6993 59.1488 59.21 352200
1-Oct-99 59.8217 60.5557 59.0877 59.3323 285600
30-Sep-99 60.1887 61.045 60.1275 60.5557 394200
29-Sep-99 61.1674 61.2897 59.5158 59.944 399200
28-Sep-99 61.2897 61.4732 59.944 61.2897 394500
27-Sep-99 61.9625 62.4519 61.2897 61.2897 470000
24-Sep-99 61.6567 62.2072 61.6567 61.9014 291100
23-Sep-99 62.6966 63.1859 61.2897 61.779 506700
22-Sep-99 61.1062 62.8801 60.9839 62.6966 531600
21-Sep-99 60.4334 61.2285 60.3722 61.1062 522200
20-Sep-99 62.0849 62.2684 61.3509 61.412 349400
17-Sep-99 61.9014 62.7577 61.2897 62.0237 656400
16-Sep-99 59.8829 60.3722 59.21 60.2499 368100
15-Sep-99 61.9014 63.1247 60.8004 60.8615 833100
14-Sep-99 61.985 62.2286 60.7063 61.0108 342300
13-Sep-99 62.7157 63.1419 62.1068 62.2286 179900
10-Sep-99 63.9943 64.0552 62.8983 62.9592 155500
9-Sep-99 63.7508 63.8726 63.3246 63.7508 473100
8-Sep-99 63.6899 64.0552 63.3246 63.629 469000
7-Sep-99 66.917 66.917 63.6899 64.0552 410700
3-Sep-99 65.2121 66.8561 65.1512 66.7952 337700
2-Sep-99 65.273 65.273 63.8726 64.9686 208000
1-Sep-99 65.3339 65.8819 65.0903 65.5166 108600
31-Aug-99 64.6032 66.9779 64.0552 65.0903 305800
30-Aug-99 65.7601 65.8819 64.7859 64.8468 149000
27-Aug-99 66.2472 66.6735 65.7601 65.9428 199600
26-Aug-99 66.4908 67.0997 66.0037 66.2472 101300
25-Aug-99 65.5775 67.0388 65.3339 66.7343 249200
24-Aug-99 65.2121 65.6383 64.7859 65.3948 162700
23-Aug-99 64.8468 65.4557 64.8468 65.3339 162300
20-Aug-99 65.2121 65.273 64.6641 64.8468 151600
19-Aug-99 64.7859 65.2121 63.9334 65.0903 179200
18-Aug-99 66.0037 66.369 64.6032 64.7859 173300
17-Aug-99 66.1255 66.1863 65.5775 66.0037 186600
16-Aug-99 65.273 66.2472 64.7859 65.9428 264100
13-Aug-99 65.6992 66.4299 64.725 65.1512 230200
12-Aug-99 66.3081 66.7343 64.9686 65.4557 225300
11-Aug-99 67.5868 68.1348 66.3081 66.4908 284500
10-Aug-99 67.7086 67.9521 66.4299 67.0997 282600
9-Aug-99 66.7343 68.0739 66.7343 67.8912 253000
6-Aug-99 67.2215 68.0739 65.7601 66.4908 510200
5-Aug-99 67.6477 68.1957 67.3432 67.465 477700
4-Aug-99 67.7695 68.3175 67.2215 67.4041 353800
3-Aug-99 67.0997 68.0739 67.0997 67.7695 291300
2-Aug-99 66.1255 67.5868 66.1255 67.0997 441800
30-Jul-99 66.2472 66.8561 65.8819 66.3081 533100
29-Jul-99 65.8819 66.6735 65.6383 66.5517 323300
28-Jul-99 65.6992 66.5517 65.5775 66.4908 263600
27-Jul-99 65.0295 66.4908 64.5423 65.821 340400
26-Jul-99 62.6548 65.3948 62.5939 65.273 372500
23-Jul-99 64.2379 65.1512 62.4112 62.4112 499700
22-Jul-99 67.8303 68.1957 63.9334 64.2379 586500
21-Jul-99 67.0997 69.1699 67.0997 67.465 1002800
20-Jul-99 66.0646 67.6477 66.0646 67.2215 618800
19-Jul-99 67.3432 67.8303 65.8819 66.0646 181900
16-Jul-99 66.4299 66.4908 66.1255 66.369 130900
15-Jul-99 65.821 67.0997 65.821 66.2472 238800
14-Jul-99 64.7859 66.0037 63.9334 65.821 280500
13-Jul-99 65.273 65.7601 64.4815 64.5423 189500
12-Jul-99 66.7343 67.2215 64.7859 65.4557 182900
9-Jul-99 67.465 67.465 66.369 66.4908 134800
8-Jul-99 66.2472 67.6477 66.0646 67.2215 371900
7-Jul-99 65.5166 66.4908 65.3948 66.4299 193700
6-Jul-99 65.6383 65.6383 64.8468 65.3948 172400
2-Jul-99 66.5517 66.5517 65.6383 65.8819 79000
1-Jul-99 64.9077 66.9779 64.9077 66.7952 330100
30-Jun-99 66.7343 68.1348 64.6641 64.6641 473500
29-Jun-99 65.5775 66.9779 65.1512 66.917 225700
28-Jun-99 65.0295 66.1255 64.8468 65.3339 408400
25-Jun-99 65.273 65.5166 63.9334 64.4815 264500
24-Jun-99 64.9077 65.7601 64.4815 65.3948 314900
23-Jun-99 65.6383 66.6126 64.9077 64.9686 265700
22-Jun-99 66.0646 66.1863 65.5166 65.821 392200
21-Jun-99 66.1255 66.3081 65.8819 66.1255 222500
18-Jun-99 66.2472 66.6735 66.1863 66.2472 351800
17-Jun-99 66.4299 67.7086 66.3081 66.7343 190000
16-Jun-99 64.7859 67.5259 64.7859 66.917 510300
15-Jun-99 64.4482 64.9939 64.4482 64.8726 360900
14-Jun-99 64.9939 65.4789 64.5695 64.6907 251900
11-Jun-99 64.3876 65.6001 63.9025 64.812 794400
10-Jun-99 63.7813 64.3269 63.3569 63.7813 282500
9-Jun-99 64.7513 65.4183 63.5388 63.7813 315000
8-Jun-99 64.9939 65.4789 64.2057 64.5695 174900
7-Jun-99 65.1151 65.5395 64.3269 64.9939 110800
4-Jun-99 63.3569 65.6001 63.3569 65.3576 212600
3-Jun-99 63.9025 64.4482 63.2356 63.2963 324200
2-Jun-99 65.2364 65.4789 63.5388 63.9025 215200
1-Jun-99 64.3269 65.2364 63.0537 65.2364 286800
28-May-99 64.4482 65.2364 64.0844 64.0844 228900
27-May-99 66.0852 66.0852 64.0844 64.3269 353100
26-May-99 65.6001 66.7521 64.8726 66.3277 303300
25-May-99 65.4789 67.419 65.4183 65.6001 311100
24-May-99 64.5088 65.9639 64.3876 65.8427 383200
21-May-99 65.6001 65.9033 64.3876 64.6907 374500
20-May-99 66.2064 66.7521 65.6001 65.782 789100
19-May-99 66.6915 68.6316 66.6915 67.6009 678700
18-May-99 65.6001 67.419 64.9939 67.1159 512600
17-May-99 64.9332 65.4789 64.3269 65.3576 226400
14-May-99 64.9939 65.3576 64.3269 65.1757 217600
13-May-99 64.812 66.4489 64.812 65.782 231500
12-May-99 64.5088 64.812 63.7813 64.5088 454700
11-May-99 64.0238 64.8726 63.7207 64.7513 352700
10-May-99 63.8419 64.1451 63.4175 63.9632 276000
7-May-99 63.0537 64.0238 62.9325 63.9025 564900
6-May-99 62.5081 63.0537 61.9624 62.69 361500
5-May-99 62.7506 63.0537 62.0231 62.5687 527100
4-May-99 63.0537 63.5388 62.6293 62.7506 491800
3-May-99 62.6293 63.4781 62.6293 63.1144 578900
30-Apr-99 62.5687 62.8112 62.1443 62.6293 473600
29-Apr-99 62.5687 62.8112 61.9624 62.3262 615500
28-Apr-99 62.5081 62.8719 61.8412 62.1443 356900
27-Apr-99 62.69 63.4175 62.4475 62.7506 508300
26-Apr-99 63.9025 63.9632 61.8412 62.4475 347800
23-Apr-99 64.9332 64.9939 63.175 63.9025 589600
22-Apr-99 62.3262 65.3576 61.9624 65.1757 1074900
21-Apr-99 60.3861 61.053 59.3554 61.053 153400
20-Apr-99 60.6286 60.6286 59.1735 60.4467 307500
19-Apr-99 60.9924 61.5987 59.9011 60.4467 248300
16-Apr-99 59.3554 60.9924 58.6279 60.9924 462000
15-Apr-99 60.0223 60.3861 57.7184 59.1735 1178600
14-Apr-99 61.9018 62.0837 60.568 60.9317 491000
13-Apr-99 61.1136 62.2656 60.8711 61.9018 381500
12-Apr-99 59.8404 62.0837 59.1129 61.3561 311500
9-Apr-99 59.1129 59.9011 58.0216 59.8404 260900
8-Apr-99 59.1735 59.8404 58.931 59.2341 460900
7-Apr-99 60.2648 60.2648 58.446 59.416 323900
6-Apr-99 61.1743 61.4774 59.5373 60.0829 531300
5-Apr-99 60.6286 61.9018 60.2042 61.3561 606900
1-Apr-99 60.6286 61.053 60.0223 60.1436 659100
31-Mar-99 60.0223 60.8105 60.0223 60.3861 864100
30-Mar-99 59.6585 61.4774 59.2341 60.0829 999200
29-Mar-99 60.3861 60.5073 59.0523 59.9011 914600
26-Mar-99 57.0515 60.3861 56.9303 60.3861 803200
25-Mar-99 57.5365 58.2035 56.7484 57.1728 756900
24-Mar-99 52.6256 58.1428 52.6256 57.5365 1007300
23-Mar-99 53.7776 53.7776 52.4437 52.6256 270100
22-Mar-99 52.4437 53.6563 52.4437 53.5351 199900
19-Mar-99 52.9288 53.2925 52.4437 52.5044 256300
18-Mar-99 53.4744 54.0807 53.3532 53.4138 204000
17-Mar-99 53.3532 54.0201 53.1713 53.7169 329300
16-Mar-99 54.3232 54.3232 52.9894 53.3532 536900
15-Mar-99 52.5044 55.2933 52.5044 54.5657 405900
12-Mar-99 52.1098 53.5573 52.1098 52.7129 247300
11-Mar-99 51.5067 52.7129 51.5067 52.0495 241000
10-Mar-99 51.6876 51.8082 51.1448 51.6273 221600
9-Mar-99 51.5067 51.8082 50.8432 51.6273 537200
8-Mar-99 52.7732 52.8336 51.0845 51.2654 611400
5-Mar-99 52.4114 53.4367 52.3511 53.0145 565500
4-Mar-99 52.532 53.3161 51.8686 52.1701 271700
3-Mar-99 51.7479 52.5923 50.9036 52.4114 435500
2-Mar-99 53.0145 53.0145 51.6273 51.8082 344300
1-Mar-99 52.5923 52.9542 52.1098 52.6375 252100
26-Feb-99 53.6176 53.6176 52.3511 52.7129 879000
25-Feb-99 54.4017 54.7635 53.5573 53.6176 407900
24-Feb-99 55.246 55.4873 54.5223 54.9445 881100
23-Feb-99 54.7032 55.246 54.0398 55.1857 387900
22-Feb-99 53.2557 55.0048 53.2557 54.7635 529000
19-Feb-99 52.6526 53.9795 52.6526 53.2557 309500
18-Feb-99 52.4114 53.4367 52.1701 52.4114 343900
17-Feb-99 52.4114 52.4114 51.7479 52.1701 297800
16-Feb-99 51.3257 52.4717 51.3257 52.1701 551800
12-Feb-99 51.6273 51.8082 50.7829 51.3257 245100
11-Feb-99 52.0495 52.9542 51.7479 51.7479 779000
10-Feb-99 50.7226 52.0495 50.6623 51.7479 571500
9-Feb-99 51.1448 51.3257 50.7829 50.9639 549800
8-Feb-99 49.9989 51.0845 49.0942 50.9639 854400
5-Feb-99 51.5067 51.5067 49.8179 50.1798 993800
4-Feb-99 52.1098 52.532 49.2148 49.6973 668700
3-Feb-99 52.4114 52.8336 52.2907 52.6526 430000
2-Feb-99 53.0748 53.2557 52.3511 52.6526 352200
1-Feb-99 53.4367 53.4367 52.7129 53.1351 504700
29-Jan-99 54.6429 54.6429 53.3161 53.6779 298800
28-Jan-99 53.4367 54.8239 53.3161 54.7032 652500
27-Jan-99 54.0398 54.5223 53.1954 53.6176 345200
26-Jan-99 54.0398 54.5223 53.1954 54.0398 227400
25-Jan-99 53.7986 54.3414 53.4367 54.0398 253400
22-Jan-99 53.6176 53.9795 53.6176 53.9795 214700
21-Jan-99 53.7382 53.9192 53.3161 53.6176 444100
20-Jan-99 55.6079 55.6079 53.6176 53.7382 357600
19-Jan-99 57.4173 57.4173 56.392 56.5729 408400
15-Jan-99 57.176 58.0204 56.9348 57.6585 795300
14-Jan-99 57.2364 57.2364 56.4523 56.6935 410500
13-Jan-99 56.9348 57.8395 56.6935 57.4776 337800
12-Jan-99 57.5982 57.6585 56.4523 57.1157 410700
11-Jan-99 58.8648 59.0457 56.9951 57.8395 601700
8-Jan-99 57.6585 58.8648 56.9348 58.8648 348800
7-Jan-99 56.9951 58.0204 56.9348 57.6585 422000
6-Jan-99 57.0554 57.4173 56.8142 57.2364 282800
5-Jan-99 57.5379 57.8395 56.9348 57.0554 267500
4-Jan-99 57.4173 58.6838 56.9951 57.176 324500
31-Dec-98 57.4776 57.6585 56.9348 57.4173 329900
30-Dec-98 58.0807 58.0807 57.0554 57.4776 342400
29-Dec-98 56.9348 58.5029 56.9348 58.2617 146400
28-Dec-98 56.9348 57.5982 56.6332 57.176 88500
24-Dec-98 56.9348 57.357 56.5729 57.1157 66000
23-Dec-98 56.8142 56.9951 56.392 56.9348 236700
22-Dec-98 56.6935 56.9951 56.0301 56.7539 219900
21-Dec-98 57.5379 57.6585 56.6935 56.7539 434900
18-Dec-98 56.3317 58.2013 56.3317 57.7188 457200
17-Dec-98 56.6935 56.9951 55.4873 56.8142 325200
16-Dec-98 58.3823 58.3823 56.6935 56.6935 281900
15-Dec-98 57.8694 58.5898 57.6293 58.5898 215200
14-Dec-98 57.6293 58.8299 57.5092 57.7493 413700
11-Dec-98 58.2296 58.8299 58.1095 58.2296 314300
10-Dec-98 58.5898 59.1901 57.8694 58.4697 572100
9-Dec-98 59.7303 60.3907 59.1901 59.3702 251200
8-Dec-98 60.0905 60.1506 59.3101 59.8504 205800
7-Dec-98 59.5502 60.3907 58.6498 60.3306 162700
4-Dec-98 58.9499 60.0905 58.6498 59.6703 234400
3-Dec-98 59.13 60.0305 57.8694 58.8899 412900
2-Dec-98 59.3101 59.7904 59.1901 59.3702 195600
1-Dec-98 58.7098 60.4507 58.7098 59.4902 242900
30-Nov-98 60.3907 60.4507 58.9499 58.9499 317200
27-Nov-98 60.3907 60.5708 59.6103 60.3306 59900
25-Nov-98 60.7509 60.7509 59.3101 60.3306 286000
24-Nov-98 62.4317 62.5518 60.5107 60.6308 294800
23-Nov-98 62.0715 62.972 61.8314 62.7919 235600
20-Nov-98 62.5518 62.7919 62.2516 62.3116 399000
19-Nov-98 61.5913 62.3717 61.4712 62.0715 715900
18-Nov-98 60.5107 61.4112 60.3907 61.3512 241800
17-Nov-98 60.6308 61.5913 60.3907 60.3907 351800
16-Nov-98 60.5107 61.111 60.3907 61.111 623900
13-Nov-98 58.1095 59.7904 58.1095 59.6103 358000
12-Nov-98 57.6293 58.5297 57.6293 58.1695 190600
11-Nov-98 58.1095 58.4097 57.6293 57.8694 303000
10-Nov-98 57.6293 58.6498 57.6293 58.5297 538300
9-Nov-98 58.3496 58.8899 56.9089 57.3891 287500
6-Nov-98 58.4697 58.6498 57.3891 57.5692 241700
5-Nov-98 56.2486 58.5898 56.1285 58.5898 290900
4-Nov-98 57.6293 58.4697 56.4887 56.4887 282600
3-Nov-98 56.3086 57.5092 56.1285 57.149 671900
2-Nov-98 56.6688 56.7288 56.0084 56.2486 696800
30-Oct-98 57.2091 57.3291 56.1885 56.7288 530500
29-Oct-98 57.3291 57.9294 56.8489 56.9689 414800
28-Oct-98 57.8094 57.9294 56.7888 57.2091 267700
27-Oct-98 58.7098 59.2501 57.8094 58.0495 459400
26-Oct-98 59.7303 59.7904 58.8899 59.3101 473300
23-Oct-98 59.07 59.9705 58.6498 59.9705 762200
22-Oct-98 59.6703 60.0305 58.5898 59.13 904700
21-Oct-98 58.9499 59.7904 58.8299 59.5502 448100
20-Oct-98 58.2896 59.13 58.2296 59.01 332900
19-Oct-98 58.5898 60.1506 58.4697 58.5297 376800
16-Oct-98 59.01 59.01 57.6293 58.5898 440400
15-Oct-98 56.9089 59.5502 56.0685 58.9499 534700
14-Oct-98 54.9279 56.8489 54.9279 56.6688 507700
13-Oct-98 55.3481 55.3481 54.0274 54.6878 436200
12-Oct-98 55.4081 55.9484 55.3481 55.5882 429900
9-Oct-98 55.4682 55.7083 53.6072 54.4477 554000
8-Oct-98 54.7478 55.7083 52.9469 55.108 790400
7-Oct-98 57.029 57.089 54.7478 55.6483 995300
6-Oct-98 60.1506 60.5107 57.3291 58.7098 1110000
5-Oct-98 58.6498 62.5518 58.0495 61.9515 832500
2-Oct-98 56.8489 58.7698 56.4887 58.6498 916900
1-Oct-98 56.4287 57.5692 55.7683 55.8884 373900
30-Sep-98 57.8094 58.0495 56.6688 56.6688 282500
29-Sep-98 56.6688 58.1095 56.6688 57.5692 361000
28-Sep-98 58.4697 58.4697 56.6688 56.6688 510600
25-Sep-98 58.9499 58.9499 58.1095 58.4697 318100
24-Sep-98 58.5898 59.01 57.9895 58.8899 853000
23-Sep-98 57.7493 60.5107 57.7493 59.5502 870900
22-Sep-98 57.7493 58.8899 57.2091 57.9895 1109400
21-Sep-98 53.7873 57.6293 53.5472 57.029 977100
18-Sep-98 53.6673 54.3276 53.5472 54.3276 444300
17-Sep-98 52.7068 53.7873 52.5267 53.4872 692200
16-Sep-98 53.4271 54.4477 52.6467 53.067 525400
15-Sep-98 53.0346 53.7512 52.7359 53.2735 447500
14-Sep-98 52.6762 53.154 52.4373 53.0346 364000
11-Sep-98 51.6012 53.2137 51.2429 52.4373 487100
10-Sep-98 51.7206 52.2582 51.1234 51.7206 854600
9-Sep-98 51.6012 51.7804 51.1234 51.7206 520100
8-Sep-98 51.1831 51.8401 50.6456 51.7804 492800
4-Sep-98 50.8845 51.3623 50.6456 51.1831 261100
3-Sep-98 51.3026 51.9595 50.4664 50.8845 398300
2-Sep-98 51.2429 52.0193 50.8845 51.3623 315700
1-Sep-98 50.6456 51.6012 49.69 51.1831 731300
31-Aug-98 52.6165 52.6165 50.7651 50.7651 315700
28-Aug-98 52.7957 53.3929 52.1984 52.4971 238600
27-Aug-98 53.8707 54.7665 51.6012 52.7957 387300
26-Aug-98 54.5277 54.5874 53.9901 54.1096 236000
25-Aug-98 54.6471 55.1249 54.1693 54.7665 790300
24-Aug-98 52.5568 54.8263 52.5568 54.4679 925300
21-Aug-98 52.8554 52.9151 51.7206 52.5568 208700
20-Aug-98 53.0346 53.2137 52.1387 52.9748 220300
19-Aug-98 53.2735 53.2735 52.6762 52.8554 354300
18-Aug-98 52.5568 53.3332 52.5568 53.154 271300
17-Aug-98 52.4971 52.5568 51.9595 52.3179 230000
14-Aug-98 52.6762 53.2735 52.2582 52.4971 281000
13-Aug-98 52.7359 53.4526 52.6165 52.7957 185900
12-Aug-98 52.3776 53.2735 52.1984 52.6165 510400
11-Aug-98 51.6012 52.3776 50.8845 52.3776 365100
10-Aug-98 52.8554 52.8554 52.0193 52.5568 229000
7-Aug-98 52.6762 52.7359 52.079 52.7359 398700
6-Aug-98 52.0193 52.9151 52.0193 52.2582 451900
5-Aug-98 51.3623 51.9595 50.7651 51.9595 553700
4-Aug-98 52.3179 52.3179 51.004 51.3623 600400
3-Aug-98 50.5262 52.2582 50.5262 51.9595 372200
31-Jul-98 52.8554 52.8554 50.0484 50.6456 466100
30-Jul-98 52.5568 53.3929 52.3179 53.0346 558000
29-Jul-98 50.4664 51.7804 50.4664 51.6012 536800
28-Jul-98 50.347 50.5859 49.69 50.2276 393300
27-Jul-98 51.004 51.004 50.2873 50.5859 208500
24-Jul-98 52.5568 52.5568 51.1234 51.3623 653000
23-Jul-98 50.6456 52.2582 50.347 51.4817 1821900
22-Jul-98 51.3623 51.422 49.4511 49.4511 1102900
21-Jul-98 51.5415 51.8401 51.422 51.5415 596200
20-Jul-98 51.6609 51.8401 51.3324 51.4817 361000
17-Jul-98 51.6012 52.1387 51.4817 51.7804 394400
16-Jul-98 51.2429 51.3623 51.004 51.3623 183500
15-Jul-98 51.7206 51.7804 51.1234 51.6012 364700
14-Jul-98 52.3179 52.3776 51.5415 52.1984 177600
13-Jul-98 52.4373 52.7957 51.7804 52.4373 185400
10-Jul-98 53.154 53.2137 52.4373 52.6165 713600
9-Jul-98 53.2137 53.3929 52.7957 53.154 153900
8-Jul-98 53.5124 53.6318 52.9151 53.3332 106300
7-Jul-98 53.2137 53.8707 53.0346 53.2735 399100
6-Jul-98 52.5568 53.0943 52.3179 53.0943 137200
2-Jul-98 52.6762 52.6762 52.2582 52.3776 226000
1-Jul-98 52.5568 52.7957 52.2582 52.6762 393700
30-Jun-98 52.3776 52.6762 52.1387 52.4971 406400
29-Jun-98 53.2137 53.2735 51.7206 52.5568 350800
26-Jun-98 53.2735 53.5124 53.0943 53.4526 130900
25-Jun-98 53.3929 53.5124 53.0943 53.3929 317800
24-Jun-98 53.3332 53.4526 52.5568 53.154 115700
23-Jun-98 52.6762 53.5124 52.6762 53.5124 561400
22-Jun-98 52.5568 53.2137 52.4373 52.6762 207400
19-Jun-98 53.9901 53.9901 52.4373 52.4971 305800
18-Jun-98 53.8707 54.2888 53.5124 53.7512 447800
17-Jun-98 52.9151 54.4679 52.5568 54.1693 479800
16-Jun-98 52.8198 52.8792 51.9286 52.4039 232500
15-Jun-98 52.9386 53.3545 52.5227 52.5821 337900
12-Jun-98 52.8792 53.4733 52.2851 52.8198 227400
11-Jun-98 53.1169 53.5328 52.3445 53.0574 319400
10-Jun-98 53.1763 53.4733 52.8792 53.1169 708800
9-Jun-98 54.3052 54.3646 53.4139 53.4139 388100
8-Jun-98 54.6022 55.5529 54.3052 54.3052 221600
5-Jun-98 54.3052 54.9587 54.1269 54.3052 581200
4-Jun-98 54.7805 54.7805 53.7704 54.3052 233400
3-Jun-98 54.3646 55.3746 54.3052 54.7805 308500
2-Jun-98 54.8993 55.3152 54.424 54.6022 433500
1-Jun-98 54.6616 55.0181 54.424 54.8993 348800
29-May-98 54.8993 55.0181 54.6616 54.8399 428700
28-May-98 54.3052 54.8993 54.3052 54.8399 411900
27-May-98 54.6022 55.0775 54.0081 54.0675 491300
26-May-98 54.424 54.8993 54.0675 54.7211 510700
22-May-98 54.7805 55.137 53.5328 54.5428 514300
21-May-98 54.1863 54.5428 53.711 54.1269 200500
20-May-98 53.4733 54.4834 53.4733 54.424 308200
19-May-98 53.711 54.1863 53.1169 53.2357 255800
18-May-98 53.8298 53.8298 53.0574 53.4733 191200
15-May-98 53.8893 54.3646 53.5922 54.0675 315200
14-May-98 53.2357 54.6616 53.1763 54.1269 568700
13-May-98 52.5227 53.5922 52.5227 53.3545 285200
12-May-98 52.6415 52.8792 52.4633 52.7604 304900
11-May-98 52.1662 53.6516 52.1662 52.998 481500
8-May-98 50.4432 52.8792 50.4432 52.1662 339900
7-May-98 50.3838 51.5127 50.2649 50.4432 431200
6-May-98 49.7302 50.8591 49.4331 50.4432 339900
5-May-98 49.7896 49.7896 49.2549 49.6114 276900
4-May-98 49.3737 50.0273 49.3143 49.9085 464300
1-May-98 49.552 49.849 49.1361 49.7302 320600
30-Apr-98 49.9085 50.0273 49.4331 49.4331 532900
29-Apr-98 48.5419 49.3143 48.1854 48.9578 440000
28-Apr-98 49.7896 50.1461 48.126 48.4825 576800
27-Apr-98 50.5026 50.6214 49.4926 49.4926 339600
24-Apr-98 51.5721 51.8097 50.9185 51.1562 609900
23-Apr-98 50.6214 51.3938 50.6214 50.7997 542600
22-Apr-98 49.6708 50.7403 49.6114 50.6214 706200
21-Apr-98 50.8591 51.0373 49.552 49.552 859000
20-Apr-98 50.8591 51.275 50.5026 50.6214 458900
17-Apr-98 50.8591 51.275 50.2649 50.9185 824700
16-Apr-98 51.3344 52.2256 50.3838 50.6214 538600
15-Apr-98 52.7604 52.8198 52.1068 52.2851 267100
14-Apr-98 54.1269 54.1269 53.1169 53.3545 322100
13-Apr-98 54.7211 54.7211 54.1863 54.3646 380500
9-Apr-98 53.6516 54.9587 53.5328 54.8993 396200
8-Apr-98 53.4733 54.1863 53.3545 53.5328 235800
7-Apr-98 53.711 53.711 52.8792 53.4733 450300
6-Apr-98 54.424 54.6022 53.8298 53.8298 403500
3-Apr-98 55.137 55.137 54.0675 54.424 387300
2-Apr-98 54.0675 55.1964 53.8298 55.137 515000
1-Apr-98 54.4834 54.4834 53.4733 53.9487 606600
31-Mar-98 54.6022 55.137 54.3646 54.424 517600
30-Mar-98 54.5428 54.6616 53.4733 54.3646 317600
27-Mar-98 55.3746 55.3746 53.8298 54.5428 287400
26-Mar-98 54.5428 55.3152 54.5428 55.137 212400
25-Mar-98 55.2558 55.3152 54.7805 55.0775 690600
24-Mar-98 54.6616 55.3746 54.424 55.137 306800
23-Mar-98 54.3052 55.0775 54.3052 54.6616 241600
20-Mar-98 54.1863 55.0181 54.1863 54.8993 669500
19-Mar-98 54.4834 54.6616 54.0675 54.424 754500
18-Mar-98 55.0181 55.0775 54.3646 54.4834 468300
17-Mar-98 54.7805 55.3152 54.5428 55.0181 1020300
16-Mar-98 55.8499 56.2064 54.5428 54.8993 658600
13-Mar-98 54.9875 57.116 54.8692 55.5196 3066000
12-Mar-98 54.3962 55.2831 54.1597 54.6327 983100
11-Mar-98 53.8641 54.1597 53.2728 53.7458 251500
10-Mar-98 54.8101 54.8101 53.9232 54.1006 404700
9-Mar-98 52.7407 54.1597 52.6224 54.0414 414000
6-Mar-98 51.9129 53.2137 51.9129 52.9772 219700
5-Mar-98 52.3859 52.5633 51.3808 51.9129 340200
4-Mar-98 52.7407 53.0954 52.0311 53.0954 277000
3-Mar-98 52.0311 52.7407 51.7355 52.5042 269200
2-Mar-98 52.0311 52.3859 51.499 52.0311 458900
27-Feb-98 50.8486 51.0851 50.7304 50.9669 275600
26-Feb-98 50.9669 51.3808 50.8486 50.8486 639800
25-Feb-98 51.4399 51.7355 50.8486 51.0851 328700
24-Feb-98 50.7304 51.4399 50.3756 51.4399 489900
23-Feb-98 51.1442 51.6764 50.2574 50.8486 403600
20-Feb-98 51.2034 51.499 50.9077 51.2625 500800
19-Feb-98 50.1391 50.7895 50.08 50.3165 545200
18-Feb-98 49.8435 50.4347 49.6661 50.1982 621300
17-Feb-98 47.7741 49.9617 47.7741 49.8435 609700
13-Feb-98 46.1185 47.9514 46.1185 47.7149 471300
12-Feb-98 46.4733 46.7098 46.1776 46.355 843900
11-Feb-98 48.4836 48.6018 45.882 46.5915 1284300
10-Feb-98 48.8975 49.0157 48.1879 48.2471 833300
9-Feb-98 49.2522 49.5478 48.7201 48.8975 429600
6-Feb-98 49.1931 49.5478 49.0748 49.0748 1395300
5-Feb-98 49.3113 49.7843 47.0645 49.134 2476900
4-Feb-98 50.553 51.2034 50.1982 50.8486 244400
3-Feb-98 51.1442 51.1442 50.1391 50.7304 343900
2-Feb-98 51.5581 51.7355 51.2625 51.3808 393400
30-Jan-98 51.2625 51.2625 50.1982 50.8486 269600
29-Jan-98 51.3216 51.7946 50.9077 51.0851 279300
28-Jan-98 51.3216 51.9129 50.6121 51.1442 313200
27-Jan-98 51.2625 51.7946 51.1442 51.3216 456300
26-Jan-98 51.2034 51.5581 50.6712 51.3808 320300
23-Jan-98 51.0851 51.4399 50.6121 51.026 443700
22-Jan-98 50.4939 51.499 50.3165 51.1442 620800
21-Jan-98 50.7304 50.7895 50.2574 50.6121 437100
20-Jan-98 49.7843 50.6121 49.7843 50.553 578500
16-Jan-98 49.1931 50.0208 48.9566 49.6661 326900
15-Jan-98 48.1879 48.4836 47.8332 48.4244 214800
14-Jan-98 48.4836 48.9566 47.7741 48.1879 455300
13-Jan-98 48.7201 48.7201 47.8923 48.1288 352500
12-Jan-98 47.5375 49.1931 47.5375 48.4244 556700
9-Jan-98 49.134 49.5478 48.2471 48.3062 319500
8-Jan-98 49.0748 49.1931 48.7201 49.134 299900
7-Jan-98 49.0157 49.0157 48.4836 48.8383 286600
6-Jan-98 48.6609 49.134 48.4836 49.0748 573200
5-Jan-98 49.7252 49.7252 48.1288 48.8975 669600
2-Jan-98 49.7843 49.8435 49.1931 49.6661 123200
31-Dec-97 50.1391 50.2574 49.607 49.9026 204400
30-Dec-97 50.1391 50.2574 49.9026 50.08 150100
29-Dec-97 50.2574 50.2574 49.607 50.1982 199000
26-Dec-97 50.1391 50.3165 49.7843 50.0208 42600
24-Dec-97 50.0208 50.6121 49.9026 49.9026 221600
23-Dec-97 51.6764 51.6764 49.6661 50.08 507500
22-Dec-97 50.3756 52.1494 50.3756 51.8538 825800
19-Dec-97 49.2522 50.3756 48.7201 50.3756 389200
18-Dec-97 50.0208 50.08 49.4296 49.4296 219200
17-Dec-97 49.7252 50.2574 49.3113 50.2574 422600
16-Dec-97 50.1044 50.3396 49.3987 49.8104 189300
15-Dec-97 48.987 50.1632 48.987 50.0456 401300
12-Dec-97 48.8694 49.5751 48.8694 48.987 344600
11-Dec-97 49.3399 49.3399 48.5166 48.8694 364000
10-Dec-97 49.1047 49.7516 49.1047 49.2811 314500
9-Dec-97 49.3399 49.5163 48.9282 49.3399 282600
8-Dec-97 49.5751 50.222 48.987 49.5751 200300
5-Dec-97 48.693 49.7516 48.6342 49.3399 281900
4-Dec-97 49.8692 49.9868 49.1635 49.5163 267200
3-Dec-97 50.222 50.222 49.3987 49.8692 376500
2-Dec-97 50.1044 50.222 49.2811 50.1632 264600
1-Dec-97 49.8692 50.222 49.6339 50.1044 484100
28-Nov-97 50.222 50.2808 49.8692 49.8692 141100
26-Nov-97 49.7516 50.4572 49.7516 50.222 513700
25-Nov-97 49.3399 50.1632 49.0459 49.8104 608800
24-Nov-97 47.0464 48.9282 46.9288 48.5754 915200
21-Nov-97 48.2814 48.693 46.7523 47.0464 759000
20-Nov-97 49.2811 49.3987 47.8697 48.0461 538200
19-Nov-97 49.3987 49.5163 48.8106 49.0459 878200
18-Nov-97 49.8692 50.222 49.2811 49.5163 687200
17-Nov-97 49.8692 50.4572 49.5751 49.8692 743600
14-Nov-97 49.1047 50.5749 49.1047 50.5161 689700
13-Nov-97 48.9282 49.3987 48.3402 49.3399 727100
12-Nov-97 47.6933 49.5751 47.2228 48.9282 1069800
11-Nov-97 46.8112 47.9873 46.7523 47.9285 1206300
10-Nov-97 46.3995 47.164 46.3995 46.5759 462200
7-Nov-97 46.1055 46.3995 45.2821 46.3995 277400
6-Nov-97 46.9288 46.9876 45.929 46.7523 415100
5-Nov-97 47.0464 47.5168 46.6347 47.3404 443800
4-Nov-97 45.2821 47.0464 45.2821 47.0464 540400
3-Nov-97 45.2821 46.1055 45.1645 45.5174 385200
31-Oct-97 44.2236 45.1057 44.2236 45.0469 456100
BANCA DE INVERSION
TALLER 2 - FUSIONES Y ADQUISICIONES

JORGE ARMANDO PUENTES CASTILLO


MARIA PAOLA JIMENEZ CARCAMO
CLAUDIA JULIANA CARRILLO PEÑALOZA
FERNANDO GRILLO URIBE
1.¿Cuál es la racionalidad estratégica de la potencial transacción? ¿Alguna preocupación específica de Pe
PepsiCol para el año 1995 alcanzaban los $ 30 mil millones, con 470.000 empleados en todo el mundo, y siendo el
del mundo, sin embargo no fue suficiente para sostener el impacto de la competencia, Coca-Cola al comprar una em
Venezuela, dejando fuera de ese mercado y casi en la quiebra en Brasil y Argentina; Adicional la inversión que Pep
de los restaurantes, y su complejidad para operador le restaba a la operación de las bebidas.

Es claro para los Directivos de PepsiCo que se debe pensar en una estrategia potencial, que logre remontarlos en el
lo largo del año 1999, el precio de las acciones de PepsiCo se estancaron, dado que los inversores se direccio
Internet y la tecnología, por lo que no pueden realizar ninguna inversión.

Es entonces que para el año 2000, cuando la burbuja de Internet estalló, es donde las acciones de PepsiCo logran s
muy buen acuerdo con Querer enfocándose directamente en su producto Gatorade. Dicho acuerdo obviamente le tr
posicionaría estratégica y también impulsar su rendimiento económico

Entre los diferentes puntos de beneficio que traería dicha negociación serian:
* Gatorade utiliza sistema de distribución de un almacén de corredores para entregar las bebidas a las tie
supermercados, mientras que PepsiCo utiliza un sistema de entrega directa tienda (DSD), este ultimo ciertamente
lleva casi el 30% de las ventas, ya demás su mano de obra es en su totalidad Fija, mas sin embargo le permitía tene
en todas las vitrinas. Lo que permitiría que los nuevos productos y paquetes de Gatorade históricamente había ga
en las estanterías de la marca

*Con el sistema de distribución de Quaker, le permitiría a PepsiCo, distribuir sus jugos no refrigerados
considerablemente la posición de la compañía en el segmento de jugos sin refrigeración

*Gatorade utiliza líneas de producción “de llenado en caliente”, los cuales eran parecidos a los de los producto
(Twister), por lo que se proyectaban ahorro en costes del equipo, anticipando una mejor utilización de la capa
almacén, distribución y sistemas de logística. En conjunto, se espera que estos ahorros de costos para llegar a $65
año 2004.

Preocupaciones

•PepsiCo sólo consideraría una transacción de acción por acción. Bajo esa estructura de la transacción, la empresa s
de la fusión como una unificación de intereses. Lo que conllevaría a que ni los accionistas de Quaker, ni los d
reconocer una ganancia o pérdida como resultado de la fusión para fines de impuestos sobre la renta.

•Con la contabilidad de unificación de intereses, PepsiCo, quedaría impedido para vender todos los activos significa
dos años siguientes a la fusión. Así las cosas si la adquisición no tiene éxito, PepsiCo se podría desprenderse de las
de crecimiento más lento de Quaker durante al menos dos años. De la misma manera, PepsiCo no sería capaz de vo
en cualquier cantidad significativa durante dos años
•PepsiCo conoce que Gatorade más el negocio de snacks representan sólo el 40% y el 45% de las ventas de Quaker
así los productos alimenticios como Quaker Oats, en lo que PepsiCo no estaba directamente interesado, se con
negocio

•Quaker cotizaba a 23 veces las ganancias, ratio menor que PepsiCo. Por lo que dependiendo del precio y el valor de
una transacción de acción por acción podría potencialmente diluir las ganancias de PepsiCo y disminuir las gana
menos en el corto plazo.
pación específica de Pepsi al respecto?
o el mundo, y siendo el tercer mayor empleador
a-Cola al comprar una embotelladora de Pepsi en
nal la inversión que PepsiCo realizo para el tema
.

logre remontarlos en el mercado, sin embargo a


s inversores se direccionaron a las acciones de

ones de PepsiCo logran subir y si darle inicio a un


acuerdo obviamente le traería beneficios, pues lo

r las bebidas a las tiendas de conveniencia y


este ultimo ciertamente mas costoso, el cual se
mbargo le permitía tener la visibilidad necesaria
históricamente había ganado una mayor espacio

jugos no refrigerados (Tropicana) mejorando

s a los de los productos utilizados por PepsiCo


or utilización de la capacidad en la fabricación,
costos para llegar a $65 millones anuales para el

ransacción, la empresa sería capaz de dar cuenta


stas de Quaker, ni los de PepsiCo, tendría que
e la renta.

odos los activos significativos de Quaker para los


dría desprenderse de las divisiones de alimentos
siCo no sería capaz de volver a comprar acciones
de las ventas de Quaker y utilidad de operación.
ente interesado, se constituyeron el grueso del

do del precio y el valor de las sinergias obtenidas,


iCo y disminuir las ganancias por acción, por lo
2.En la Tabla B hay un análisis de sinergias estimadas por un analista que sigue ambas compañías.
empresas como Philip Morris y Kellogg que tienen mayores sinergias de costos y un Coca Cola con
estimadas en ingresos (en comparación con Pepsi).

Empresas como Philip Morris y Kellogg, presentan mayores Sinergias de Costos, por que sus estrategias están fundame
Escalas y de Alcance, apostándole que con la tecnología, se consigue reducir, por una parte la mano de obra, el número
defectuosos, y gastos de transporte.

Un ejemplo es el caso de Philip Morris, donde incrementa su participación en la sociedad Carso en México, donde aseguran
instalaciones obtienen una industria mas limpia y optima

Para casos como Coca-Cola, estas presentan Mayores Sinergias en Ingresos, por que su estrategia es el vender más prod
comercial más amplia fomentando la venta cruzada Caso inversiones con diferentes embotelladoras, y la producción de Vidrio
http://valenciaplaza.com/la-innovacion-pilar-estrategico-para-el-crecimiento-de-coca-cola-european-partners

Si lo comparamos con PepsiCo, la estrategia de estos fue el de Cadena de restaurantes, los cuales por su complejidad oper
Sinergias les restaba Valor, y al presentarse situaciones como la de CocaCola, al comprar la planta en Venezuela, les resto inm
e ambas compañías. Explique por qué hay
y un Coca Cola con sinergias tan grandes

estrategias están fundamentadas en Economías de


mano de obra, el número de unidades o productos

México, donde aseguran que solo mejorando dichas

gia es el vender más productos a través de una red


, y la producción de Vidrio como cadena de Valor

s por su complejidad operativa en vez de generarles


en Venezuela, les resto inmediatamente mercado
3.Calcule indicadores de valor pre-transacción con la última información disponible para amb
Enterprise Value. Principales Múltiplos.

PepsiCo
2000 1999
EPS: Beneficio por accion 1.05 1.40
# de acciones 1496 1496
Precio por accion al cierre 44.8446 45.125
P/E: 42.7 32.2
Mkt Cap: 67,088 67,507
EV 79,494 69,585
Deuda Neta 13,565
Caja y equivalentes 1158

Quaker
2000 1999
EPS: Beneficio por accion 3.0 3.36
# de acciones 139.9 139.9
Precio por accion al cierre 75.8328 76.063
P/E: 25.7 22.6
Mkt Cap: 10,609 10,641
EV 13,196 11,228
Deuda Neta 2,903
Caja y equivalentes 316
ormación disponible para ambas empresas: Capitalización de Mercado,
4.Calcule el valor de las sinergias estimadas por tipo.
Se calculan sinergias estimadas en ingresos y ahorros de acuerdo con la tabla B (fuente caso) para el calculo de la
sinergias, se agregan ratios de crecimiento para cada de acuerdo con las condiciones y fortalezas de cada empres
calcula valor termina y valor delta recibido por cada acción. Cuadro traido de la hoja PEP_FCF
CALCULO DE SINERGIAS POR TIPO PARA PEPSI

INCREMENTO 2001 2002


ANUAL
Incremental En el Flujo de caja
Ventas GATORADE por canales de pepsi 1% 113.3 114.5
Venta de comida saludable/paquete 0.50% 28.3 28.6
Utilización capacidad instalada 1% 113.3 114.5
Economias de escala por logistica 0.50% 122.8 124.0
Otro tipo de sinergias 0.50% 47.2 47.7
FCF 4% 425 429
0 0 - -

Valor de le empresa año 2000

Valor presente FCF $1,683 million

Valor presente VT $5,712 million


Valoración de la sinergias $7,395
(fuente caso) para el calculo de las
ones y fortalezas de cada empresa. Se
hoja PEP_FCF
RA PEPSI

2003 2004 2005

115.6 116.8 117.9


28.9 29.2 29.5
115.6 116.8 117.9
125.2 126.5 127.8
48.2 48.7 49.1
434 438 442
- - 6,307

Valoración por acción

Número de acciones 140

Incremento en valoración por


acción después de la sinergía $52.86
5.Determine la propuesta de Pepsi para Quaker. Determine si dicha propuesta sería
acreditiva o dilutiva.

Valoración accción de QUAKER. Analisis realizado por David


Nelson. Agosto de 2.000
ITEM VALOR PORCENTAJE
Valor acción $75.00
Valoración de la acción $19.23 25.6%
Precio de compra $94.23

Precio de cierre de la acción $ 75.83


Teniendo en cuenta el estudio de David Nelson la Valoración
Valoración de la acción $ 19.44 de la acción es del 25,6%
Adicionalmente y teniendo en cuenta que en el mercado se tienen
compañias con mayores sinergias y que pueden llegar a pagar un
porcentaje de valorización más alto del 25,6%, concluido por el an
Prima adicional $ 2.00 David Nelson, se da una prima adicional de $2.
Precio de compra $ 97.28

Fusion es Acreditiva $52.86


La prima por acción $21.44
Es mayor a cero $ 31.42 Transacción acreditiva
ropuesta sería

avid Nelson la Valoración

a que en el mercado se tienen


que pueden llegar a pagar un
del 25,6%, concluido por el analista
onal de $2.
6.Calcule el SVAR y Prima de Riesgo a su propuesta.

Número nuevo de acciones de pepsico para comprar quaker


Acciones iniciales 1,496
Acciones a emitir 140
total acciones de la fusion 1,636

Utilidad Acciones
PEPSICO 1,572
QUAKER 413
Fusion 1,985
EPS Fusion 1.21

• Calcular el SVAR y Premium at Risk.

Svar: 2,999.9 3.77%


79,493.9

Situacion para el comprador


Prima pagada 2,999.9
Sinergias logradas 7,395.1
Mayor a cero 4,395.15 Acreditiva

Generación de valor: 67,088 4,395.15


67,088

Situacion para el vendedor


Prima antes de fusion 75.83
Prima que le pagaron 97.28
28.28% la accion aumentaria
Prima absoluta 97.28 75.83
QUAKER prima por accion 21.44
Accion es healt 140
Prima total 2,999.95

-1 6.55%
7.Construya un balance proforma de la transacción.
BALANCE GENERAL - PROFORMA
Compra con acciones

Quaker PepsiCo PepsiCo


Assets
2.000 2.000 Posterior

Cash and cash equivalents 148 1,018 1,166


Short-term investments, at cost 168 140 308
Accounts and notes receivable, net 521 2,651 3,172
Inventories 383 1,408 1,791
Other current assets 312 849 1,161
Total current assets 1,532 6,067 7,599
Property, plant and equipment 2,496 13,302 15,798
Accumulated depreciation (1,063) (5,674) (6,736)
Net PP&E 1,433 7,628 9,061
Intangible assets, net 308 6,545 6,853
Investments in unconsolidated affiliates - 4,349 4,349
Other assets 76 919 995
Net II&O 384 11,813 12,197
Net assets of discontinued operations - - -
Goodwill 3,000
Total assets 3,349 25,507 31,857
Liabilities and Shareholders' Equity
Short-term borrowings 119 168 286
Accounts payable and other current liabilities 1,208 4,820 6,028
Income taxes payable - 243 243
Total current liabilities 1,327 5,230 6,557
Long-term debt 896 3,953 4,849
Other liabilities 680 4,381 5,061
Deferred income taxes - 1,993 1,993
Total liabilities 2,903 15,558 18,461
Common stock 1,120 42 4,162
Capital in excess of par value 168 1,391 1,559
Retained earnings 1,401 21,724 23,126
Accumulated other comprehensive loss (139) (1,761) (1,899)
Less: Repurchased common shares, at cost (2,104) (11,447) (13,551)
Total shareholders' equity 447 9,949 13,396

Total liabilities and shareholders' equity 3,349 25,507 31,857

Check - - -
8.¿Existe alguna estrategia post-transacción para que Pepsi se quede con parte del portafolio de product
puede hacer algún estimado del valor de Pepsi luego de ejecutada esta estrategia?

Dado al caso de Pepsi - Quaker el cual dado a la alta competencia de ofertas presentadas, basicamente por Pepsi y CoCa-Co
Por lo que, mas que pensar en una estrategia para "Deshacese" de parte de portafolio de Quaker que no les interesa a Pepsi,
maximizar las Sinegiras Post-Transaccion, las cuales se enfocaria en la gran estructura logística con que ya cuenta Pepsi, de t

Pepsi, debe aprovechar estos Portafolios para lograr una nueva o creativa gama de productos, integrnadolos en las tendencias
y así poder cubrir las posibles perdidas (baja en ventas) en los productos no tan saludables (snacks)

Dado que no se podria realizar una Desinversion parcial, pues entenderiariamos que la multa seria lo suficientemente impactac
se podria reestrucctura los presupuesto de inversion de tal forma que pueda sacarse adelante el producto, pero que se pueda
y efectividad de las sinergias.

En dado caso que se pudiese aplicar una Estrategia, se podria estimar los valores, aplicando valorizaciones con resultados ac
portafolio de productos de Quaker?. ¿Se

ente por Pepsi y CoCa-Cola, quizas generaron que fuera mas compleja y restrictiva la negociacion.
ue no les interesa a Pepsi, dado a las debilidades que estos presentan, se sugiere
n que ya cuenta Pepsi, de tal forma que los productos pequeños lleguen a ser posicionados en el mercado.

rnadolos en las tendencias actuales

o suficientemente impactacte o castigaria el producto de interes de PepSi,


ducto, pero que se pueda compesar con el crecimiento

aciones con resultados actuales. Pero para este caso no aplicaria.


FLUJO DE CAJA Y VALORACION PEPSICO

1996 a 2000 2001 2002

Crecimiento en ventas 4.09% 4.6% 4.6%


(EBIT)/ventas 17% 13.4% 13.4%
Tasa impositiva 0.35 35.0% 35.0%
NWC/ Delta ventas -2% 0.0% 0.0%
Net PPE/ Delta Ventas 30% 30.0% 30.0%
Net Int, Inv, Other/ Delta Sales 39% 39.0% 39.0%

VALORACION DE PEPSI
2000 2001 2002
Sales pepsico 20,263 20,963 21,687
EBIT 3,503 2,815 2,906
EBITDA 4,430 2,815 3,833
change WC -2% 0 0
Net Capex (net of depreciation) 30% -210 -217
Net Int, Inv, Other -273 -282
FCF 2,332 3,334

Valor de le empresa año 2000


Valor presente FCF $12,367 million
Valor presente VT $41,696 million
Valoración de empresa $54,063
-Short Term Debt -168
-Long Term Debt -3,953 exhibit 2
+Investments and other adjustments 4,349
+Excess Cash 140
Valoración del capital $54,431 million

Valoración por acción


Número de acciones 1,496 diciembre 2000
Valoración por acción $36.38

Market Value of Pepsi Equity in October 2000


Número de acciones 1,496 September 2000
Preción por acción $45.13 Last Close 10/04/00
Mkt Cap: $67,507 million

CALCULO DE SINERGIAS POR TIPO PARA PEPSI

INCREMENTO 2001 2002


Incremental En el Flujo de caja ANUAL
Ventas GATORADE por canales de pepsi 1% 113.3 114.5
Venta de comida saludable/paquete 0.50% 28.3 28.6
Utilización capacidad instalada 1% 113.3 114.5
Economias de escala por logistica 0.50% 122.8 124.0
Otro tipo de sinergias 0.50% 47.2 47.7
FCF 4% 425 429

Valor de la sinergia 2001


Valor presente FCF $1,683 million
Valor presente VT $5,712 million
Valoración de la sinergias $7,395

Valoración por acción


Número de acciones 140
Valoración por acción $52.86
SICO

2003 2004 2005

4.6% 4.6% 4.6%


13.4% 13.4% 13.4%
35.0% 35.0% 35.0%
0.0% 0.0% 0.0%
30.0% 30.0% 30.0%
39.0% 39.0% 39.0%

2003 2004 2005


22,436 23,211 24,013
3,000 3,097 3,197
3,927 4,024 4,124
0 0 0
-225 -233 -241
-292 -302 -313
3,410 3,489 3,571
64,192

2003 2004 2005

115.6 116.8 117.9


28.9 29.2 29.5
115.6 116.8 117.9
125.2 126.5 127.8
48.2 48.7 49.1
434 438 442
6,307
ESTRUCUTA DE CAPITAL

COMPOSICION DEL CAPITAL


DEUDA 3,042 17.3%
CAPITAL 14,509 82.7%
ACTIVOS 17,551

CAPITAL 83%
Rf 6% One-Year Treasury Bonds
Beta apalancado 0.758333333
Prima mercado 5% Prima del mercado fuente Damodaran
Ke 10%

DEUDA 17%
Tax Rate 35%
Costos de la Deuda 8% Ten-Year AA Corporate Bonds
Kd 5.01%

WACC 9.01%
g 3.45% Crecimiento del industria por Damodaran
g de las sinergias 2.00%
FLUJO DE CAJA Y VALORACION QUAKER

QUAKER 1996 a 2000 2001 2002 2003


Crecimiento en ventas 4.09% 2.6% 2.8% 2.9%
(EBIT)/ventas 17% 17.0% 17.0% 17.0%
Tasa impositiva 0.35 35.0% 35.0% 35.0%
NWC/ Delta ventas -1% 0.0% 0.0% 0.0%
Net PPE/ Delta Ventas 23% 23.0% 23.0% 23.0%
Net Int, Inv, Other/ Delta Sales 8% 7.5% 7.5% 7.5%

QUAKER COMIDA 1996 a 2000 2001 2002 2003


Participación en ventas 61% 59% 57% 55%
Crecimiento en ventas 0.51% 0.5% 0.5% 0.5%
(EBIT)/ventas 17% 17.0% 17.0% 17.0%
Tasa impositiva 0.35 35.0% 35.0% 35.0%
NWC/ Delta ventas -1% 0.0% 0.0% 0.0%
Net PPE/ Delta Ventas 23% 23.0% 23.0% 23.0%
Net Int, Inv, Other/ Delta Sales 8% 7.5% 7.5% 7.5%

QUAKER GATORADE 1996 a 2000 2001 2002 2003


Participación en ventas 39% 41% 43% 45%
Crecimiento en ventas 5.71% 5.7% 5.7% 5.7%
(EBIT)/ventas 17% 17.3% 17.3% 17.3%
Tasa impositiva 0.35 35.0% 35.0% 35.0%
NWC/ Delta ventas -1% 0.0% 0.0% 0.0%
Net PPE/ Delta Ventas 23% 23.0% 23.0% 23.0%
Net Int, Inv, Other/ Delta Sales 8% 7.5% 7.5% 7.5%

VALORACION DE QUAKER
2000 2001 2002 2003
Sales quaker 5,393 5,536 5,688 5,851
EBIT 919 609 449 597
EBITDA 1,052 742 582 730
change WC -1% 0 0 0
Net Capex (net of depreciation) 30% -33 -35 -37
Net Int, Inv, Other -11 -11 -12
FCF 698 535 681

698 535 681


VALORACION DE QUAKER-FOOD
2000 2001 2002 2003
Sales quaker 3,290 3,266 3,242 3,218
EBIT 560 359 256 328
EBITDA 642 438 332 402
change WC 0% 0 0 0
Net Capex (net of depreciation) (19.37) (19.96) (20.54)
Net Int, Inv, Other 0% (6.32) (6.51) (6.70)
FCF 412 305 374

VALORACION DE QUAKER-GATORADE
2000 2001 2002 2003
Sales quaker 2,103 2,270 2,446 2,633
EBIT 358 250 193 269
EBITDA 410 304 250 329
change WC 0% 0 0 0
Net Capex (net of depreciation) (13.46) (15.06) (16.80)
Net Int, Inv, Other 0% (4.39) (4.91) (5.48)
FCF 286 230 306

Valor de le empresa año 2000 QUAKER COMIDA BEBIDAS


Valor presente FCF $2,926 $2,024 $1,687 million
Valor presente VT $12,492 $6,371 $6,121 million
Valoración de empresa $15,418 $8,396 $7,808
-Short Term Debt -119 -72 -46 exhibit 2
-Long Term Debt -896 -547 -349
+Excess Cash 168 102 66
Valoración del capital $14,571 8,889 5,683 million

Valoración por acción


Número de acciones 140 diciembre 2000
Valoración por acción $104.16

Market Value of Quaker Equity in October 2000


Número de acciones 140 September 2000
Preción por acción $76.06 Last Close 10/04/00
Mkt Cap: $10,641 million

Table B Potential Acquirer's Estimated Synergies ($ in millions)


Capitalized
Synergy Estimates Value
Per OAT
Savings Revenues Total Share
Kellogg 300 150 450 $20.36
2004 2005
3.0% 3.1%
17.0% 17.0%
35.0% 35.0%
0.0% 0.0%
23.0% 23.0%
7.5% 7.5%

2004 2005
53% 51%
0.5% 0.5%
17.0% 17.0%
35.0% 35.0%
0.0% 0.0%
23.0% 23.0%
7.5% 7.5%

2004 2005
47% 49%
5.7% 5.7%
17.3% 17.3%
35.0% 35.0%
0.0% 0.0%
23.0% 23.0%
7.5% 7.5%

2004 2005
6,024 6,208
741 899
874 1,032
0 0
-40 -42
-13 -14
822 975
18,229
822 975

2004 2005
3,193 3,166
393 458
463 526
0 0
(21.10) (21.64)
(6.88) (7.06)
435 497
9,297
2004 2005
2,831 3,042
348 440
411 506
0 0
(18.71) (20.79)
(6.10) (6.78)
386 478
8,932

Potential

Takeover Price
$95.36
ESTRUCUTA DE CAPITAL
COMPOSICION DEL CAPITAL
DEUDA 870 36.3%
CAPITAL 1,527 63.7%
ACTIVOS 2,396

CAPITAL 64%
Rf 6% One-Year Treasury Bonds
Beta apalancado 0.681707317
Prima mercado 5% Prima del mercado fuente Damodaran
Ke 9%

DEUDA 36%
Tax Rate 35%
Costos de la Deuda 8% Ten-Year AA Corporate Bonds
Kd 5.01%

WACC 7.85%
g 2.50% Crecimiento del industria por Damodaran
Exhibit 2 PepsiCo Financial Statements: Consolidated Balance Sheet ($ millions)

Assets 2000 1999 1998 1997 1996

Cash and cash equivalents 1,018 964 311 1,928 307


Short-term investments, at cost 140 92 83 955 289
Accounts and notes receivable, net 2,651 1,704 2,453 2,150 2,276
Inventories 1,408 899 1,016 732 853
Prepaid expenses and other current assets 849 514 499 486 225
Total current assets 6,067 4,173 4,362 6,251 3,950

Property, plant and equipment, net 13,302 8,816 13,110 11,294 10,908
Accumulated depreciation (5,674) (3,550) (5,792) (5,033) (4,822)
Net PP&E 7,628 5,266 7,318 6,261 6,086
Intangible assets, net 6,545 4,735 8,996 5,855 6,036
Investments in unconsolidated affiliates 4,349 2,846 1,396 1,201 1,147
Other assets 919 531 588 533 491
Net II&O 11,813 8,112 10,980 7,589 7,674

Net assets of discontinued operations - - - - 4,450

Total assets 25,507 17,551 22,660 20,101 22,160

Liabilities and Shareholders' Equity


Short-term borrowings 168 233 3,921 0 0
Accounts payable and other current liabilities 4,820 3,399 3,870 3,617 3,378
Income taxes payable 243 156 123 640 413
Total current liabilities 5,230 3,788 7,914 4,257 3,791

Long-term debt 3,953 2,812 4,028 4,946 8,174


Other liabilities 4,381 2,861 2,314 2,265 1,997
Deferred income taxes 1,993 1,209 2,003 1,697 1,575
0
Common stock 42 29 29 29 29
Capital in excess of par value 1,391 1,081 1,166 1,314 1,201
Retained earnings 21,724 14,066 12,800 11,567 9,184
Accumulated other comprehensive loss -1,761 (989) (1,059) (988) (768)
Less: Repurchased common shares, at cost -11,447 (7,306) (6,535) (4,986) (3,023)
Total shareholders' equity 20,277 13,763 14,746 15,844 18,369

Total liabilities and shareholders' equity 25,507 17,551 22,660 20,101 22,160

Average shares outstanding, millions 1,466 1,466 1,480 1,528 1,564

Source: Company 10(K) and 10(Q) filings.

a
Data for 36 weeks ended September 2, 2000.
2000 36W 2000 52W

36 705 52 1,018
97 140
1,835 2,651
975 1,408
588 849
4,200 6,067
-
9,209 13,302
(3,928) (5,674)
5,281 7,628
4,531 6,545
3,011 4,349
636 919
8,178 11,813
-
- -
-
17,659 25,507
-
-
116 168
3,337 4,820
168 243
3,621 5,230
-
2,737 3,953
3,033 4,381
1,380 1,993
-
29 42
963 1,391
15,040 21,724
(1,219) (1,761)
(7,925) (11,447)
6,888 9,949
-
17,659 25,507
Exhibit 1 PepsiCo Financial Statements: Consolidated Statement of Income ($ millions, except per share data)

Crecimiento 3,45% tomado de Damodaran

2005F 2004F 2003F


Net sales
New PepsiCo 24,013 23,211 22,436
Bottling operations
Crecimiento estimado 3.5% 3.5% 3.5%
Total net sales 24,013 23,211 22,436

COGS/Sales 42% 42% 42%

Costs and expenses


Cost of sales 9,965 9,633 9,311
SG&A 10,686 10,329 9,984
SGA/Sales 45% 45% 45%
Amortization of intangible assets 139 139 139
Impairment and restructuring charge 0 0 0
Total costs and expenses 20,790 20,100 19,434

GROSS PROFIT 13,909 13,440 12,986

Operating profit
New PepsiCo 3,002 2,901 2,804
Bottling operations and equity investments 0 0 0
Total operating profit 3,002 2,901 2,804

Operating Profit/Sales 13% 13% 13%

Bottling equity income, net 195 195 195


Gain on bottling transactions 0 0 0
Interest expense (225) (225) (225)
Interest income 43 43 43
Income before taxes 3,014 2,914 2,817

EBIT 3,197 3,097 3,000

EBITDA 4,124 4,024 3,927


%tax 38% 38% 38%
Provision for income taxes 1145 1107 1071

Income from continuing operations 1,869 1,807 1,747


Income from discontinued operations, net 0 0 0

Net income 1,869 1,807 1,747

Net income per share of common stock, $ ### ### ###


# de acciones 1496 1496 1496

Source: Company 10(K) and 10(Q) filings.

a
Data for 36 weeks ended September 2, 2000.
s, except per share data)

2002F 2001F 2000 1999 1998 1997 1996 supuestos

21,687 20,963 20,263 18,244 14,686 13,655


0 2,123 7,662 7,262
3.5% 3.5%
21,687 20,963 20,263 20,367 22,348 20,917 20,337

42% 42% 39% 40% 42% 41% 42% 42%

9,000 8,699 7,848 8,198 9,330 8,525 8,452


9,651 9,328 8,969 9,103 9,924 9,241 9,063
45% 45% 44% 45% 44% 44% 45% 45%
139 139 139 183 222 199 206
0 0 0 65 288 290 576
18,789 18,167 16,955 17,549 19,764 18,255 18,297

12,548 12,124 12,276 11,986 12,796 12,193 11,679

2,711 2,620 3,308 2,765 2,460 2,252


0 0 0 53 124 410
2,711 2,620 3,308 2,818 2,584 2,662 2,040

13% 13% 16% 14% 12% 13% 10% 13%

195 195 195 83 0 0


0 0 0 1,000 0 0
(225) (225) (225) (363) (395) (478) (565)
43 43 62 118 74 125 91
2,724 2,633 3,340 3,656 2,263 2,309 1,566

2,906 2,815 3,503 3,901 2,584 2,662 2,040

3,833 3,743 4,430 4,933 3,818 3,768 3,113


38% 38% 38% 38%
1035 1001 1269 1,606 270 818 624

1,689 1,633 2,071 2,050 1,993 1,491 942


0 0 0 0 0 651 207

1,689 1,633 1,572 2,050 1,993 2,142 1,149

### ### 1.05 1.40 1.35 1.40 0.73


1496 1496 1496 1496
2000 36W 2000 52W

36 14,028 52 20,263
0

14,028 20,263

39%

5,433 7,848
6,209 8,969
44%
96 138.66667
0
11,738 16,955

8,499 12,276

2,290 3,308
0
2,290 3,308

16%

135 195
0 0
(156) (225)
43 62.111111
2,312 3,340

2,425 3,503
0
3,067 4,430
38% 38%
740 1069
0
1,572 2,271
0 0
0
1,572 2,271
0
1.09 1.5744444
Exhibit 3 PepsiCo Financial Statements: Consolidated Statement of Cash Flows ($ millions)

2005F 2004F 2003F 2002F 2001F

Cash Flows from Operating Activities


Net income from continuing operations
Adjustments to reconcile net income to net cash
provided by operating activities:
Gain on bottling transactions
Bottling equity income, net
Depreciation and amortization
Noncash portion of 1998 income tax benefit
Noncash portion of restructuring charges
Deferred income taxes
Other noncash charges and credits, net
Net change in operating working capital 0 0 0 0 0
Net Cash Provided by Operating Activities

Cash Flows from Investing Activities


Capital spending
Investments in unconsolidated affiliates
Sales of businesses
Sales of property, plant and equipment
Short-term investments, by original maturity:
More than three months - purchases
More than three months - maturities
Three months or less, net
Other, net
Net Cash Used for Investing Activities

Cash Flows from Financing Activities


Proceeds from issuances of long-term debt
Payments of long-term debt
Short-term borrowings, by original maturity:
More than three months - proceeds
More than three months - payments
Three months or less, net
Cash dividends paid
Share repurchases
Proceeds from exercises of stock options
Other, net
Net Cash Used for Financing Activities

Net cash from discontinued operations


Effect of Exchange Rate Changes
Net (Decr.)/Incr. in Cash and Cash Equivalents
Cash and Cash Equivalents - Beginning of year
Cash and Cash Equivalents - End of period

Source: Company 10(K) and 10(Q) filings.

a
Data represents 36 weeks ended September 2, 2000.
millions)

2000 1999 1998 1997 1996 2000 36W 2000 52W

2,271 2,050 1,993 1,491 942 36 1,572 52

986
0 (1,000) 0 0 0 0
(195) (83) 0 0 0 (135)
927 1,032 1,234 1,106 1,073 642
0 0 (259) 0 0 0
0 37 254 233 366 0
199 529 150 51 160 138
276 364 237 342 505 191
(426) 98 (398) 196 146 (295)
3,052 4,013 3,211 3,419 3,192 2,113

(829) (1,118) (1,405) (1,506) (1,630) (574)


(95) (430) (4,537) (119) (75) (66)
0 499 17 221 43 0
0 126 134 80 9 0
0
(841) (2,025) (525) (92) (115) (582)
833 2,008 584 177 192 577
0 12 839 (735) 736 0
(198) (144) (126) (96) (214) (137)
(1,130) (1,072) (5,019) (2,070) (1,054) (782)

156 3,480 990 0 1,772 108


(1,034) (1,123) (2,277) (1,875) (1,432) (716)
-
149 3,691 2,713 146 740 103
(46) (2,741) (417) (177) (1,873) (32)
542 (2,856) 1,753 (1,269) 89 375
(858) (778) (757) (736) (675) (594)
(1,788) (1,285) (2,230) (2,459) (1,651) (1,238)
589 308 415 403 323 408
- 0 0 5 (9) 0
(2,716) (2,716) (2,716) (2,716) (2,716) (2,716)

0 0 6,236 605
2 1 (2) (5)
653 (1,617) 1,621 22
311 1,928 307 285
964 311 1,928 307
2000 52W

2,271
-
-
-
(195)
927
-
-
199
276
(426)
3,052
-
-
(829)
(95)
-
-
-
(841)
833
-
(198)
(1,130)
-
-
156
(1,034)
-
149
(46)
542
(858)
(1,788)
589
-
(3,923)
Exhibit 6 Quaker Financial Statements: Consolidated Balance Sheet ($ millions)

Assets 2005F 2004F 2003F 2002F

Cash and cash equivalents


Short-term investments, at cost
Accounts and notes receivable, net
Inventories
Other current assets
Total current assets 0 0 0 0

Property, plant and equipment


Accumulated depreciation
Net PP&E 0 0 0 0

Intangible assets, net


Other assets
0 0 0 0

Total assets 0 0 0 0

Liabilities and Shareholders' Equity

Short-term borrowings
Accounts payable
Other current liabilities
Total current liabilities 0 0 0 0

Long-term debt
Other liabilities
Deferred income taxes

Preferred stock
Deferred compensation
Tresury preferred stock
Total preferred stock, net 0 0 0 0

Common stock
Capital in excess of par value
Retained earnings
Accumulated other comprehensive loss
Deferred compensation
Less: Repurchased common shares, at cost
Total shareholders' equity 0 0 0 0

Total liabilities and shareholders' equity 0 0 0 0


Average shares outstanding, millions

Source: Company 10(K) and 10(Q) filings.

a
Data for nine months ended September 30, 2000.
2001F 2000 1999 1998 1997 1996 2000 9M

148 283 327 84 111 9 111


168 0 28 0 0 126
521 254 283 306 295 391
383 266 261 256 275 287
312 193 216 487 209 234
0 1,532 996 1,115 1,133 890 1,149

2,496 1,852 1,819 1,913 1,943 1,872


(1063) (745) (749) (748) (743) (797)
0 1,433 1,107 1,070 1,165 1,200 1,075

308 237 246 351 2,237 231


76 56 79 49 69 57
0 384 293 325 400 2306 288

0 3,349 2,396 2,510 2,698 4,396 2,512

119 155 137 169 568 89


344 214 168 191 210 258
864 570 704 586 576 648
0 1,327 939 1009 946 1354 995

896 715 795 888 994 672


680 523 533 579 559 510
- 0 0 36 238 0

133 100 100 100 100 100


(36) (39) (48) (57) (65) (27)
(63) (39) (30) (22) (16) (47)
0 1,611 22 22 21 19 26

1,120 840 840 840 840 840


168 101 79 29 0 126
1,401 855 556 431 1,521 1,051
(144) (95) (80) (82) (68) (108)
(29) (46) (68) (91) (103) (22)
(2,104) (1,457) (1,176) (899) (960) (1,578)
0 412 198 151 228 1230 309

0 3,349 2,397 2,510 2,698 4,394 2,512


132 134 137 137 135
2000 12M

12 148
168
521
383
312
1,532
-
2,496
(1,063)
1,433
-
308
76
384
-
3,349
-
-
-
119
344
864
1,327
-
896
680
-
-
133
(36)
(63)
35
-
1,120
168
1,401
(144)
(29)
(2,104)
412
-
3,349
Exhibit 5 Quaker Financial Statements: Consolidated Statement of Income ($ millions, except per share data)

2005F 2004F 2003F 2002F 2001F

Net sales 6,208 6,024 5,851 5,688 5,536


Cost of goods sold 2,808 2,953 2,992 3,072 2,768
Crecimiento estimado 3.1% 3.0% 2.9% 2.8% 2.6%
Gross Profit 3,400 3,071 2,859 2,616 2,768

COGS/Sales 45% 49% 51% 54% 50%

SGA/Sales 40% 39% 39% 38% 39%

SG&A 2,502 2,330 2,262 2,167 2,159


Impairment and restructuring (gain) or charge 229 229 229 229 229
Interest expense 53 53 53 53 53
Interest income 0 0 0 0 0
Foreign exchange loss, net 0 0 0 0 0

EBIT 899 741 597 449 609

EBITA 1,032 874 730 582 742

Income before taxes 616 459 315 166 326

Provision (benefit) for income taxes 168 125 86 45 89

Net income 448 334 229 121 238


Preferred dividends, net 3 3 3 3 3

Net income available for common 445 331 226 118 235

Net income per share of common stock, $ 3.2 2.4 1.6 0.8 1.7
#Acciones 139.9 139.9 139.9 139.9 139.9

Source: Company 10(K) and 10(Q) filings.

a
Data for nine months ended September 30, 2000.
s, except per share data)

2000 1999 1998 1997 1996 2000 9M 2000 12M

5,393 4,725 4,843 5,016 5,199 9 4,045 12


2,407 2,137 2,374 2,565 2,808 1,805

2,987 2,588 2,469 2,451 2,391 2,240

45% 45% 49% 51% 54% 50%

38% 40% 39% 39% 38% 39%

2,068 1,904 1,873 1,939 1,981 1,551


229 (2) 129 1,486 (113) 172
53 62 70 86 107 40
0 (12) (11) (7) (7)
0 18 12 11 9

919 684 596 512 410 689

1,052 817 671 1,812 543 822

636 618 396 -1,064 414 477

220 163 112 (133) 168 27% 165

416 455 284 -931 246 312


3 4 5 4 4 3

413 451 279 -935 242 309

3.0 3.36 2.04 (6.80) 1.80


139.9 139.9
2000 12M

5,393
2,407
-
2,987

2,068
229
53
-
-
-
919
-

-
-
-
220
-
416
3
-
Exhibit 7 Quaker Financial Statements: Consolidated Statement of Cash flows ($ millions)

2005F 2004F 2003F 2002F 2001F 2000

Cash Flows from Operating Activities


Net income from continuing operations 416
Adjustments to reconcile net income to net cash -
provided by operating activities: -
Depreciation and amortization 132
Deferred income taxes 5
(Gains) losses on divestitures, net -
Restructuring charges** 236
Asset impairment losses -
Loss on disposition of property and equipment 3
Net change in operating working capital (176)
Change in deferred compensation 47
Other items 20
Net Cash Provided by Operating Activities 0 0 0 0 0 683

Cash Flows from Investing Activities


Additions to property, plant and equipment (265)
Business divestitures, net of tax 0
Purchase of marketable securities (472)
Proceeds from sale of marketable securities 309
Proceeds from sale of PP&E 7
Capial gains tax recovery 0
Net Cash Used for Investing Activities 0 0 0 0 0 (421)

Cash Flows from Financing Activities


Cash dividends paid (153)
Change in short-term debt (33)
Proceeds from issuances of long-term debt 1
Reduction of long-term debt (112)
Issuance of common treasury stock 140
Repurchases of common stock (315)
Repurchases of preferred stock (12)
Net Cash Used for Financing Activities 0 0 0 0 0 (484)

Effect of Exchange Rate Changes (4)

Net (Decr.)/Incr. in Cash and Cash Equivalents (172)


Cash and Cash Equivalents - Beginning of year 283
Cash and Cash Equivalents - End of period 111

Source: Company 10(K) and 10(Q) filings.

a
Data for nine months ended September 30, 2000.

b
The 2000 number represents the sum of restructuring charges, asset impairments and losses (gains) on divestiture.
)

1999 1998 1997 1996 2000 9M 2000 12M

455 285 (931) 248 9 312 12 416


-
-
124 133 161 201 99 132
14 (31) (12) 14 4 5
(5) (27) 1,151 (82) 0 -
4 90 66 23 177 236
0 38 40 0 0 -
13 12 42 29 2 3
(38) (41) (91) (70) (132) (176)
32 32 20 22 35 47
31 23 43 27 15 20
630 514 489 412 512 683
-
-
(222) (205) (216) (243) (199) (265)
14 266 300 174 0 -
(185) (166) 0 0 (354) (472)
219 143 0 0 232 309
14 8 0 0 5 7
0 240 0 0 0 -
(160) 286 84 (69) (316) (421)
-
-
(156) (160) (159) (157) (115) (153)
34 (17) (453) (125) (25) (33)
1 2 8 2 1 1
(96) (109) (54) (78) (84) (112)
83 112 121 31 105 140
(373) (377) (50) 0 (236) (315)
(9) (8) (6) (6) (9) (12)
(516) (557) (593) (333) (363) (484)

2 (1) (7) 6

(44) 242 (26) 17


327 84 111 93
283 327 84 111

e.
Exhibit 8 Quaker Oats Operating Segment Information (dollars in millions, except per share data)

Net Sales a Operating Income (Loss) b


Year Ended December 31 1999 1998 1997 1999 1998 1997

Foods:
U.S. and Canadian $2,359.5 $2,274.1 $2,287.8 $399.8 $369.8 $390.3
Latin American 308.4 372.9 371.4 26.2 28.2 34.0
Otherc 215.4 202.9 205.7 21.1 (1.2) (9.9)
Total Foods 2,883.3 2,849.9 2,864.9 447.1 396.8 414.4
Beverages:
U.S. and Canadian 1,502.3 1,338.2 1,183.3 253.9 214.9 182.7
Latin American 229.1 267.7 232.2 16.5 25.6 19.3
Otherc 103.8 103.1 103.0 (7.3) (7.4) (15.0)
Total Beverages 1,835.2 1,709.0 1,518.5 263.1 233.1 187.0
Total Ongoing Businesses 4,718.5 4,558.9 4,383.4 710.2 629.9 601.4
Total Divested Businessesd 6.7 283.6 632.3 -- (2.4) (34.6)
Total Sales/Operating Income $4,725.2 $4,842.5 $5,015.7 $710.2 $627.5 $566.8
Less: (Gains) losses on divestitures, restructuring charges,
asset impairments and other--nete (2.3) 128.5 1,491.1
General corporate expenses 25.9 31.9 50.1
Interest expense--net 50.2 58.9 79.1
Foreign exchange loss--net 18.1 11.6 10.8
Income (Loss) before income taxes 618.3 396.6 (1,064.3)
Provision (Benefit) for income taxesf 163.3 112.1 (133.4)
Net Income (Loss) $455.0 $284.5 ($930.9)
Per Common Share:
Net income (loss)e $3.36 $2.04 ($6.80)
Net income (loss)--diluted $3.23 $1.97 ($6.80)
Capital Expenditures Net of
Identifiable Assets Depreciation
Year Ended December 31 1999 1998 1997 1999 1998 1997

Foods:
U.S. and Canadian $1,124.6 $1,187.0 $1,056.9 $3.7 $37.5 $7.2
Latin American 174.0 167.7 122.4 3.7 6.5 9.7
Otherc 110.1 92.1 121.5 0.2 (0.6) 12.3
Total Foods 1,408.7 1,446.8 1,300.8 7.6 43.4 29.2
Beverages:
U.S. and Canadian 522.7 464.2 364.5 69.8 26.1 26.4
Latin American 105.4 94.6 81.9 20.4 6.3 (0.9)
Otherc 79.6 109.5 98.2 1.7 0.8 20.0
Total Beverages 707.7 668.3 544.6 91.9 33.2 45.5
Total Ongoing Businesses 2,116.4 2,115.1 1,845.4 99.5 76.6 74.7
Total Divested Businessesg 0.0 37.5 335.9 0.0 (3.5) (18.7)
Total Operating Segments 2,116.4 2,152.6 2,181.3 99.5 73.1 56.0
Corporateh 279.8 357.7 515.7 (0.9) (0.9) (1.7)
Total Consolidated $2,396.2 $2,510.3 $2,697.0 $98.6 $72.2 $54.3

Source: Company financial statements and casewriter calculations.


a
Intersegment sales are not material.
b
Operating results exclude restructuring and asset impairment charges, gains and losses on divestitures and certain other expenses not allocated to operating
segments
c such as
Other includes income and
European taxes, general corporate
Asia/Pacific expenses and financing costs.
businesses.
d
1999 includes net sales and operating results (through the divestiture date) for the Brazilian pasta business. 1998 includes net sales and operating results (through
the
e divestiture
1999 includesdate) forrestructuring
pretax the Ardmorecharges
Farms, of
Continental Coffee,
$12.7 million, Nile Spice
or $0.06 and Liqui-Dri
per share, a pretaxbusinesses and the
divestiture gain business
of $5.1 divested
million, in per
or $0.03 1999. 1997
share, includes
and pretax net sales
adjustments
fof $9.9 million, or $0.04 per share, to reduce prior restructuring and divestiture reserves. 1998 includes pretax restructuring charges of $89.7 million, or $0.38 per
1999 includes reductions in the provision for income taxes of $59.3 million, or $0.44 per share, related to previously recorded tax accruals and tax assets.
g
lncludes the following Divested Businesses: in 1999, the Brazilian pasta business in 1998 Ardmore Farms, Continental Coffee, Nile Spice, Liqui-Dri and the
business
h
Includes divested
corporateincash
1999; in 1997,
and Snapple, certain
cash equivalents, food service
short-term businesses
investments and the businesses
and miscellaneous divested
receivables and in 1999 and 1998.
investments.
Exhibit 9 Quaker Oats Company Operations Summary 1994-1999

Annual Sales (dollars in millions)

1994 1995 1996 1997 1998 1999 CAGR

U.S. and Canadian Gatorade $908 $1,040 $1,095 $1,183 $1,338 $1,502 10.6%
International Gatorade a 269 308 283 335 371 333 4.4%
Total Beverages 1,177 1,348 1,378 1,518 1,709 1,835 9.3%
15% 2% 10% 13% 7% 10%
U.S. Hot Cereals 416 402 440 462 431 485 3.1%
U.S. Ready-to-Eat Cereals 679 665 626 693 712 725 1.3%
Golden Grain 334 324 316 343 341 344 0.6%
Grain-based Snacks 275 298 285 269 291 305 2.1%
Other U.S. and Canadian Foods 483 505 518 521 500 501 0.7%
Latin American Foods 301 319 345 371 373 308 0.5%
European and Asian Foods 233 210 207 208 203 215 -1.6%
Total Foods 2,721 2,723 2,737 2,867 2,851 2,883 1.2%
0% 1% 5% -1% 1% 1%
Total Sales $3,898 $4,071 $4,115 $4,385 $4,560 $4,718 3.9%

Distribution of Annual Sales (%)

1994 1995 1996 1997 1998 1999

U.S. and Canadian Gatorade 23% 26% 27% 27% 29% 32%
International Gatoradea 7% 8% 7% 8% 8% 7%
Total Beverages 30% 33% 33% 35% 37% 39%
10% 0% 6% 6% 5% 6%
U.S. Hot Cereals 11% 10% 11% 11% 9% 10%
U.S. Ready-to-Eat Cereals 17% 16% 15% 16% 16% 15%
Golden Grain 9% 8% 8% 8% 7% 7%
Grain-based Snacks 7% 7% 7% 6% 6% 6%
Other U.S. and Canadian Foods 12% 12% 13% 12% 11% 11%
Latin American Foods 8% 8% 8% 8% 8% 7%
European and Asian Foods 6% 5% 5% 5% 4% 5%
Total Foods 70% 67% 67% 65% 63% 61%
-4% 0% -3% -3% -3% -3%
Total Sales 100% 100% 100% 100% 100% 100%

Source: Company financial statements.

a
Includes Europe, Asia-Pacific and Latin America.
GR) mide la tasa de retorno de una inversión, como un bono o fondos de inversión, durante un período de inversión de 5 ó 10 años.

37500
3450000
Exhibit 11 PepsiCo and Quaker Oats: Selected Ratios 1996-2000

PepsiCo 36 Wks. 00 1999 1998 1997 1996

COGS/Sales 39% 40% 42% 41% 42%


SGA/Sales 44% 45% 44% 44% 45%
Operating Profit/Sales 16% 14% 12% 13% 10%
New Pepsi Operating Profit/New Pepsi Sales 16% 15% 17% 16%

Tax Rate 32% 44% 12% 35% 40%

NWC (excl. Cash ST Inv and ST Debt)/Salesa -1% -2% 0% -4% -2%
Net PPE/Salesa 26% 26% 33% 30% 30%
Net II&O/Salesa 40% 40% 49% 36% 38%
Invested Capital/Salesa 66% 64% 82% 62% 66%

Shareholders Equity/Invested Capital 52% 53% 35% 54% 50%

ROIC- Return on Invested Capitalc 17% 12% 12% 13% 9%


ROE -Return on Equityd 23% 30% 31% 21% 14%

Quaker Oats, Inc. 9 Mos. 00 1999 1998 1997 1996

COGS/Sales 45% 45% 49% 51% 54%


SGA/Sales 38% 40% 39% 39% 38%
Operating Profit/Salesb 13% 15% 10% -19% 10%

Tax Rate 35% 26% 28% 13% 40%

NWC (excl. Cash ST Inv and ST Debt)/Salesa 0% -2% -2% 5% 0%


Net PPE/Salesa 20% 23% 22% 23% 23%
Net II&O/Salesa 5% 6% 7% 8% 44%
Invested Capital/Salesa 25% 28% 26% 37% 67%

Shareholders Equity/Invested Capital 23% 15% 12% 12% 35%

ROIC- Return on Invested Capitalc 33% 38% 26% -46% 9%


ROE -Return on Equityd 100% 229% 185% -410% 20%

Source: Company financial statements.

a
Annualized.

b
Quaker Operating Profit = Gross Profit - SG&A - Impairment, consistent with PepsiCo’s definition.

c
Return on Invested Capital = [Operating Profit * (1 - Tax Rate)]/Invested Capital.

d
Return on Equity = Net Income from Continuing Operations/Shareholders’ Equity.
42%
45%
13%

38%

-2%
30%
39%

50%
39%
10%

27%

-1%
23%
8%
Exhibit 12 Quaker Oats: Comparable Food and Beverage Companies

Food Peers Beverage Peers Food/Beverage Peers

General H.J. Cad bury


Quaker Campbell Mills Heinz Hershey Kellogg Sara Lee Coca-Cola PepsiCo Schweppes Danone Nestle

Last Fiscal Year Ended Dec-99 Jul-00 May-00 Apr-00 Dec-99 Dec-99 Jun-00 Dec-99 Dec-99 Dec-99 Dec-99 Dec-99

Salesa 4,725.2 6,267.0 6,700.2 9,407.9 3,970.9 6,984.2 17,511.0 19,805.0 20,367.0 6,950.0 13,415.0 46,923.8
Gross Profit 2,588.4 3,359.0 4,002.6 3,619.4 1,616.2 3,659.1 7,411.0 6,822.0 11,986.0 3,499.0 6,575.0 24,353.1
EBITb 684.3 1,265.0 1,098.9 1,733.1 802.1 828.8 1,743.0 3,982.0 3,901.0 1,128.0 1,404.0 4,973.9
EBITDA 817.3 1,516.0 1,307.7 2,039.6 965.4 1,116.8 2,345.0 4,755.0 4,933.0 1,375.0 2,169.0 6,845.6
Net Income 455.0 714.0 614.4 890.6 460.3 338.3 1,222.0 2,431.0 2,050.0 1,037.0 688.0 2,969.0

Shares Oustandingc 139.9 432.0 307.3 360.1 141.3 405.2 912.0 2487.0 1496.0 505.2 675.6 na
EPS 3.36 1.65 2.00 2.47 3.26 0.83 1.34 0.98 1.4 2.02 0.95 na
Common Stockd
- High 79.125 46.625 43.5938 47.75 54.125 40.875 27 68.313 47.375 28.375 30.563 na
- Low 45.938 24.6875 30.125 31.063 37.75 21.063 13.625 43.313 30.50 21.4375 17.6563 na
-Close 10/4/00 76.063 32 36.375 37.688 51.625 24 19.563 57.25 45.125 25 25.2 na
P-Ee 22.6 19.4 18.2 15.3 15.8 28.9 14.6 58.4 32.2 12.4 26.5 na
Market Capitalizationf 10,643 13,824 11,178 13,571 7,295 9,725 17,841 142,381 67,507 12,630 17,025 na

Dividends Per Share 1.14 1.13 1.10 1.45 1.00 0.96 0.53 0.64 0.53 0.66 - na
60-Month Beta 0.4 0.5 0.2 0.5 (0.3) 0.3 0.5 0.7 0.9 0 0.4 na

Total Assets 2,396.2 5,196.0 4,573.7 8,850.7 3,346.7 4,808.7 11,611.0 21,623.0 17551.0 8021.0 15153.0 37043
Total Debt 869.5 3,091.0 3,349.4 4,112.4 1,089.8 2,134.3 4,683.0 6,227.0 3042.0 1201.0 4107.0 8090.1

Employees 11,666 22,000 11,077 49,600 15,300 15,051 154,000 37,400 118,000 37,425 75,965 230,929

Source: Company Annual Reports, Hoover's Online Business Network.


a
Sara Lee financial information includes RYA/Monarch, the sale of which is scheduled to close in second quarter of fiscal 2001.
H.J. Heinz EBIT includes $464.6 million gain on the sale of Weight Watchers. Hershey EBIT includes $243.8 million gain on the sale of U.S. pasta business. Kellogg EBIT incorporates $244.6
b

million in restructuring charges and equipment write-offs. PepsiCo EBIT includes $1,000,000 gain on bottling transactions.
c
Average diluted shares outstanding, in millions of per-share calculations, including stock options, ESOP and non-vested awards.
d
Common Stock price data for 52 weeks prior to October 4, 2000, includes Danone ADR's traded at NYSE.
e
P/E calculated as Closing Common Stock price divided by EPS for the last full fiscal year.
Market Capitalization calculated as the Closing Common Stock price times the average diluted shares outstanding. Using last-available diluted shares outstanding would not change the calculation
f

significantly.
Exhibit 13 Market Interest Rates as of October 4, 2000

Short-Term Rates

90-Day Treasury Bills 6.06


Discount Rate 6.00
90-Day AA Commercial Paper 6.50
3-Month LIBOR 6.70
Prime Rate 9.50

Long-Term Rates

One-Year Treasury Bonds 6.06


Two-Year Treasury Bonds 6.03
Five-Year Treasury Bonds 5.94
Ten-Year Treasury Bonds 5.90
Thirty-Year Treasury Bonds 5.95
Ten-Year AA Corporate Bonds 7.71
BETAS POR INDUSTRIA DAMODARAN AÑO 2000
Industry Name Number of Firms Average Beta Market D/E Ratio Tax Rate Unlevered Beta
Beverage (Soft Drink) 13 0.76 11.32% 19.21% 0.69
Food Processing 86 0.68 36.90% 18.22% 0.52
O 2000
Cash/Firm Value Unlevered Beta corrected for cash
1.59% 0.71 0.694776731
5.10% 0.55
Industry Name Number of Firms Growth in EPS Growth in Sales Growth in Dividends
Beverage (Soft Drink) 13 16.14% 3.45% 9.21%
Food Processing 86 7.18% 7.54% 5.71%

Anda mungkin juga menyukai