South African stock alert

SAFR

CLOSING UPDATE: African Phoenix Investments sank 4.0%, led Diversified financial services sector lower 21 July 2017 18:57 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).

African Phoenix Investments, South Africa's 2nd largest diversified financial services company by market capitalisation, has sunk 4.0% to trade at 72.0c vs. the Diversified financial services sector which weakened 21.2 points (or 0.08%) to 25,894.0. Representing a weighting of about 4.0% of the sector, the stock accounted for the loss. Trading volume was 28% of average at the end of the day. Compared with the FTSE/JSE- Africa Top 40 Index which fell 108.0 points (or 0.2%) in the day, this represented a relative price change of -3.8%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 1.4% in the last week.

Note

African Phoenix Investments today is at a discount of 10.0% to the 12-month high of 80.0c on 17 Jul, 2017. It is at a premium of 84.6% to the 12-month low of 39.0c on 02 Feb, 2017.

Bullish Signals:

The positive 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the last three months the stock has hit a new 52-week high twice.

TODAY'S ALERTS

Afternoon Alert: African Phoenix Investments accelerates slide, now down 6.5% in 3 days

21 July 2017 12:50 SAST

African Phoenix Investments Limited (J:AXL) is down 5.0c (or 6.5%) over the past three trading days. After falling 1.3% on Wednesday, and 1.3% on Thursday, the stock fell 4% on Friday to trade at 72.0c vs. the FTSE/JSE- Africa Top 40 Index that is up 2.6% in the same period.

Morning Alert: African Phoenix Investments accelerates slide, now down 5.2% in 3 days

21 July 2017 10:50 SAST

African Phoenix Investments Limited (J:AXL) is down 4.0c (or 5.2%) over the past three trading days. After falling 1.3% on Wednesday, and 1.3% on Thursday, the stock fell 2.7% on Friday to trade at 73.0c vs. the FTSE/JSE- Africa Top 40 Index that is up 2.8% in the same period.

RECENT ALERTS

CLOSING UPDATE: African Phoenix Investments jumped 6.8%, led Diversified financial services sector higher

17 July 2017 18:57 SAST

African Phoenix Investments, South Africa's 2nd largest diversified financial services company by market capitalisation, has jumped 6.8% to trade at 78.0c vs. the Diversified financial services sector which strengthened 42.4 points (or 0.2%) to 25,795.9. Representing a weighting of about 4.3% of the sector, the stock accounted for the gain. The shares have outperformed 96% of the market in the past week. Trading volume was 1.3 times average at the end of the day. Compared with the FTSE/JSE- Africa Top 40 Index which rose 67.0 points (or 0.1%) in the day, this represented a relative price increase of 6.7%.

Afternoon Alert: African Phoenix Investments hits 52-week high second time in one month

17 July 2017 12:50 SAST

African Phoenix Investments Limited (J:AXL) hit a 52-week high of 74.0c today for the second time in the past one month and last traded at 73.0c. Trading volume was 1.1 times average so far today.

African Phoenix Investments Limited (J:AXL; JNB:AXL; SJ:AXL)

ISIN: ZAE000221370

PermID: 4295889191

Source: www.BuySellSignals.com