South African stock alert

SAFR

CLOSING UPDATE: Trans Hex recovers 4.2% 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).

Trans Hex, South Africa's largest diamond company by market capitalisation, traded on volume of 0.1 times average today while the price plummeted 43.0c (or 25.6%) to trade at ZAR1.25. 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 -25.7%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.11 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The stock has underperformed 98% of the South African market over the past 6 months.

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

+ The price plummeted 16.7% in the last week and 26.0% in the last month.

+ The present value of ZAR1,000 invested one year ago is ZAR258 [vs ZAR1,173 for the FTSE/JSE- Africa Top 40 Index].

Note

Trans Hex today is at a discount of 77.5% to the 12-month high of ZAR5.55 on 25 Jan, 2017. It is at a premium of 20.2% to the 12-month low of ZAR1.04 on 14 Dec, 2017.

Bullish Signals:

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 8% of stock by value of Q Ratio.

TODAY'S ALERT

Afternoon Alert: Trans Hex plummets 28.6%

19 January 2018 12:53 SAST

Trans Hex Group Limited (J:TSX) traded on volume of 0.2 times average so far today while the price plummeted 48.0c (or 28.6%) to trade at ZAR1.20.

RECENT ALERTS

CLOSING UPDATE: Trans Hex inches higher, resistance at 12-day EMA

16 January 2018 18:59 SAST

Trans Hex, South Africa's largest diamond company by market capitalisation, has climbed 5.7% but fell short of the 12-day Exponential Moving Average [EMA] of ZAR1.53. Compared with the FTSE/JSE- Africa Top 40 Index which rose 346.1 points (or 0.7%) in the day, this represented a relative price increase of 5.1%.

Afternoon Alert: Trans Hex inches higher, resistance at 12-day EMA

16 January 2018 12:50 SAST

Trans Hex Group Limited (J:TSX) has jumped 7.1% but fell short of the 12-day Exponential Moving Average [EMA] of ZAR1.54.

Trans Hex Group Limited (J:TSX; JNB:TSX; SJ:TSX)

ISIN: ZAE000018552

PermID: 4295888547

Source: www.BuySellSignals.com