South African stock alert

SAFR

CLOSING UPDATE: PPC jumps losses by 6.5%, led Building & construction materials sector lower 18 June 2018 19:02 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).

PPC, South Africa's largest building & construction materials company by market capitalisation, has plummeted 10.7% to trade at ZAR7.20 vs. the Building & construction materials sector which weakened 831.6 points (or 7.7%) to 9,999.4. Representing a weighting of about 66.4% of the sector, the stock accounted for 92.6% of today's loss. The shares have underperformed 96% of the market in the past week. Trading volume was 36% of average at the end of the day. Compared with the FTSE/JSE- Africa Top 40 Index which fell 322.8 points (or 0.6%) in the day, this represented a relative price change of -10.1%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 7.7% in the last week and plummeted 17.9% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

+ Return on Assets 0.1% [0.2%]

+ Return on Capital Employed 6.6% [7.7%]

Note

PPC today is at a discount of 22.2% to the 12-month high of ZAR9.25 on 03 May, 2018. It is at a premium of 109.3% to the 12-month low of ZAR3.44 on 15 Aug, 2017.

Bullish Signals:

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

TODAY'S ALERT

Afternoon Alert: PPC plummets 16.2%, leads Building & construction materials sector lower

18 June 2018 12:50 SAST

PPC Ltd. (J:PPC) has plummeted 16.2% to trade at ZAR6.76 vs. the Building & construction materials sector which weakened 1,211.3 points (or 11.2%) to 9,619.7. Representing a weighting of about 64.8% of the sector, the stock accounted for 93.7% of today's loss. The shares have underperformed 99% of the market in the past week. Trading volume was 62% of average so far today.

RECENT ALERTS

Afternoon Alert: PPC climbs 5.9%, leads Building & construction materials sector higher

15 June 2018 12:50 SAST

PPC Ltd. (J:PPC) has climbed 5.9% to trade at ZAR8.50 vs. the Building & construction materials sector which strengthened 427.7 points (or 4%) to 11,226.0. Representing a weighting of about 69.8% of the sector, the stock accounted for the gain. The shares have outperformed 94% of the market in the past week. Trading volume was 3.4 times average so far today.

Morning Alert: PPC lifts 3.2%, leads Building & construction materials sector higher

15 June 2018 10:50 SAST

PPC Ltd. (J:PPC) has lifted 3.2% to trade at ZAR8.29 vs. the Building & construction materials sector which strengthened 230.3 points (or 2.1%) to 11,028.5. Representing a weighting of about 69.3% of the sector, the stock accounted for the gain. The shares have outperformed 85% of the market in the past week. Trading volume was 2.1 times average so far today.

PPC Ltd. (J:PPC; JNB:PPC; SJ:PPC)

ISIN: ZAE000170049

PermID: 4295888664

Source: www.BuySellSignals.com