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Another blast for Orica

Orica copped another blast from equity markets this week as its interim-report “resilience in challenging times” (Orica’s take on things) message translated into “more uncertainty ahead” for its mining products businesses. Major global mine-explosives rival Incitec Pivot escaped similar punishment, though both stocks are down about the same amount in the year to date.

Another blast for Orica Another blast for Orica Another blast for Orica Another blast for Orica Another blast for Orica

Orica (ASX: ORI) fell a further 13% or so in the past week, and is down 14% for the year. Incitec (ASX: IPL) actually rose 11% in the week, but has dropped 15.7% this year.