Shanghai stock alert

CHINA

CLOSING UPDATE: Hua Xia Bank - A Share down 2.2% in 2 days 21 July 2017 15:53 CST

NEWS BITES - BRIC

This is an end of day Alert, produced after today's Shanghai market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Hua Xia Bank - A Share, Shanghai's 12th largest bank by market capitalisation, extended its slide on Friday, shedding an additional 14.0 fen (or 1.4%) to trade at CNY10.12. Trading volume was 1.2 times average at the end of the day. The shares have fallen 23.0 fen (or 2.2%) over the past two trading days vs. the SSE 180 Index which has fallen 0.3% in the same period.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.7% in the last week.

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

Overvaluation:

+ Dividend yield of 1.8% [4.0%]

Note

Bullish Signals:

The positive 0.35 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.9% discount to 12-month high of CNY10.64 against the 26.1% premium to 12-month low of CNY8.03 suggests the stock continues to push for new highs.

In the Shanghai market, the stock's relative price strength percentile is rising at 91 for 6 months, 91 for 3 months and 92 for 1 month.

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

TODAY'S ALERT

Morning Alert: Hua Xia Bank - A Share down 2.2% in 2 days

21 July 2017 10:43 CST

Hua Xia Bank Co., Limited - A Share (SS:600015) extended its slide on Friday, shedding an additional 14.0 fen (or 1.4%) to trade at CNY10.12. Trading volume was 49% of average so far today. The shares have fallen 23.0 fen (or 2.2%) over the past two trading days vs. the SSE 180 Index which has risen 0.1% in the same period.

Hua Xia Bank Co., Limited - A Share (SS:600015; SHA:600015; CH:600015)

ISIN: CNE000001FW7

PermID: 4295864071

Source: www.BuySellSignals.com