South African stock alert
CLOSING UPDATE: Remgro decreased further 0.1%, led Diversified industrials 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).
Remgro, South Africa's largest diversified industrials company by market capitalisation, has decreased 0.2% to trade at ZAR214.06 vs. the Diversified industrials sector which weakened 31.1 points (or 0.1%) to 31,924.2. Representing a weighting of about 70.5% of the sector, the stock accounted for the loss. Trading volume was 4.2 times 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 increase of 0.1%.
Technical indicators complementing today's significant downtrend:
+ The price decreased 0.6% in the last week.
Remgro today is at a discount of 19.4% to the 12-month high of ZAR265.71 on 12 Aug, 2016. It is at a premium of 7.3% to the 12-month low of ZAR199.54 on 06 Apr, 2017.
The positive 0.49 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.
Net profit margin has averaged 10.6% in the last 3 years. This is better than the sector average of 8.8% and suggests a high margin of safety.
Afternoon Alert: Remgro decreases 0.1%, leads Diversified industrials sector lower
21 July 2017 12:50 SAST
Remgro Limited (J:REM) has decreased 0.1% to trade at ZAR214.23 vs. the Diversified industrials sector which weakened 26.3 points (or 0.08%) to 31,929.0. Representing a weighting of about 70.5% of the sector, the stock accounted for 87.5% of today's loss. Trading volume was 4.5 times average so far today.
Remgro Limited (J:REM; JNB:REM; SJ:REM)