South African stock alert

SAFR

CLOSING UPDATE: Bid Corporation in 3rd consecutive fall, nears one-month low 19 January 2018 18:59 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).

Bid Corporation, South Africa's largest food processor company by market capitalisation, slipped further on Friday, sliding an additional ZAR5.27 (or 1.9%) to trade at ZAR277.34. The stock decreased 1.21% on Wednesday and 3.55% on Thursday bringing its 3-day fall to 6.5%. It is now approaching its 30-day low of ZAR276.0. Compared with the FTSE/JSE- Africa Top 40 Index which rose 48.2 points (or 0.09%) in the day, this represented a relative price change of -2.0%.

TODAY'S ALERT

Afternoon Alert: Bid Corporation keeps sliding: down 5.1% in 3 days

19 January 2018 12:53 SAST

Bid Corporation Ltd (J:BID) extended its slide on Friday, shedding an additional ZAR1.11 (or 0.4%) to trade at ZAR281.50. Trading volume was 4.1 times average so far today. The shares have fallen ZAR15.12 (or 5.1%) over the past three trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 0.4% in the same period.

RECENT ALERTS

CLOSING UPDATE: Bid Corporation decreases further 0.7%, led Food processors sector lower

17 January 2018 18:59 SAST

Bid Corporation, South Africa's largest food processor company by market capitalisation, has decreased 1.2% to trade at ZAR293.02 vs. the Food processors sector which weakened 745.2 points (or 0.7%) to 105,334.9. Representing a weighting of about 35.4% of the sector, the stock accounted for 61.4% of today's loss. Trading volume was 89% of average at the end of the day. Compared with the FTSE/JSE- Africa Top 40 Index which rose 291.2 points (or 0.5%) in the day, this represented a relative price change of -1.8%.

Afternoon Alert: Bid Corporation decreases 0.6%, leads Food processors sector lower

17 January 2018 12:53 SAST

Bid Corporation Ltd (J:BID) has decreased 0.6% to trade at ZAR294.95 vs. the Food processors sector which weakened 471.4 points (or 0.4%) to 105,608.8. Representing a weighting of about 35.6% of the sector, the stock accounted for 45.4% of today's loss. Trading volume was 1.1 times average so far today.

Bid Corporation Ltd (J:BID; JNB:BID; SJ:BID)

ISIN: ZAE000216537

Source: www.BuySellSignals.com