South African stock alert

SAFR

CLOSING UPDATE: Aveng tumbles further 6.5% - underperforming 100% of stocks 25 May 2018 19:00 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).

Aveng, South Africa's 8th largest heavy construction company by market capitalisation, has plummeted 5.0c (or 10.4%) today to trade at 43.0c and has underperformed 100% of the market in the past week. Compared with the FTSE/JSE- Africa Top 40 Index which fell 66.6 points (or 0.1%) in the day, this represented a relative price change of -10.3%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.16 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the last three months the stock has hit a new 52-week low eleven times, pointing to a significant downtrend.

+ The price plummeted 52.2% in the last week.

Note

Aveng today is at a discount of 93.3% to the 12-month high of ZAR6.44 on 17 Jul, 2017. It is at a premium of 19.4% to the 12-month low of 36.0c on 23 May, 2018.

TODAY'S ALERTS

Afternoon Alert: Aveng sinks 4.2% - underperforming 100% of stocks

25 May 2018 12:51 SAST

Aveng Ltd. (J:AEG) has sunk 2.0c (or 4.2%) today to trade at 46.0c and has underperformed 100% of the market in the past week.

Morning Alert: Aveng sinks 4.2% - underperforming 100% of stocks

25 May 2018 10:51 SAST

Aveng Ltd. (J:AEG) has sunk 2.0c (or 4.2%) today to trade at 46.0c and has underperformed 100% of the market in the past week.

RECENT ALERTS

CLOSING UPDATE: Aveng drops gains by 2.0%

24 May 2018 19:03 SAST

Aveng, South Africa's 8th largest heavy construction company by market capitalisation, traded on volume of 0.7 times average today while the price soared 8.0c (or 20.0%) to trade at 48.0c. Compared with the FTSE/JSE- Africa Top 40 Index which fell 254.4 points (or 0.5%) in the day, this represented a relative price increase of 20.5%.

Afternoon Alert: Aveng soars 22.5%

24 May 2018 12:50 SAST

Aveng Ltd. (J:AEG) traded on volume of 0.5 times average so far today while the price soared 9.0c (or 22.5%) to trade at 49.0c.

Aveng Ltd. (J:AEG; JNB:AEG; SJ:AEG)

ISIN: ZAE000111829

PermID: 4295888910

Source: www.BuySellSignals.com