South African stock alert

SAFR

CLOSING UPDATE: Northam Platinum increases further 0.7%, led Platinum sector higher 20 October 2017 18:58 SAST

NEWS BITES - AFRICA

This is an end of day Alert, produced after today's South African market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Northam Platinum, South Africa's 3rd largest platinum company by market capitalisation, has climbed 5.9% to trade at ZAR49.78 vs. the Platinum sector which strengthened 88.7 points (or 1.7%) to 5,349.6. Representing a weighting of about 13.2% of the sector, the stock accounted for 46.4% of today's gain. The shares have outperformed 94% of the market in the past week. Trading volume was 54% of average at the end of the day. Compared with the FTSE/JSE- Africa Top 40 Index which rose 75.1 points (or 0.1%) in the day, this represented a relative price increase of 5.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.1 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price jumped 8.0% in the last week and 9.4% in the last month.

Note

Northam Platinum today is at a discount of 17.5% to the 12-month high of ZAR60.35 on 10 Apr, 2017. It is at a premium of 38.5% to the 12-month low of ZAR35.93 on 20 Dec, 2016.

TODAY'S ALERTS

Afternoon Alert: Northam Platinum climbs 5.2%, leads Platinum sector higher

20 October 2017 12:50 SAST

Northam Platinum Limited (J:NHM) has climbed 5.2% to trade at ZAR49.44 vs. the Platinum sector which strengthened 56.1 points (or 1.1%) to 5,316.9. Representing a weighting of about 13.2% of the sector, the stock accounted for 64.3% of today's gain. The shares have outperformed 96% of the market in the past week. Trading volume was 1.3 times average so far today.

Morning Alert: Northam Platinum climbs 5.4%, leads Platinum sector higher

20 October 2017 10:50 SAST

Northam Platinum Limited (J:NHM) has climbed 5.4% to trade at ZAR49.55 vs. the Platinum sector which strengthened 73.6 points (or 1.4%) to 5,334.4. Representing a weighting of about 13.2% of the sector, the stock accounted for 51.3% of today's gain. The shares have outperformed 95% of the market in the past week.

Northam Platinum Limited (J:NHM; JNB:NHM; SJ:NHM)

ISIN: ZAE000030912

PermID: 4295889238

Source: www.BuySellSignals.com