Shanghai stock alert
CLOSING UPDATE: Daqin Railway- A Share recovers 0.7% - underperforming 82% of stocks 25 July 2017 15:54 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).
Daqin Railway- A Share, Shanghai's largest transportation company by market capitalisation, has decreased 12.0 fen (or 1.3%) today to trade at CNY8.92 and has underperformed 82% of the market in the past week. Compared with the SSE 180 Index which fell 38.7 points (or 0.5%) in the day, this represented a relative price change of -0.9%.
Technical indicators complementing today's significant downtrend:
+ The price decreased 0.6% in the last week.
The positive 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
The 4.5% discount to 12-month high of CNY9.34 against the 53.8% premium to 12-month low of CNY5.80 suggests the stock continues to push for new highs.
In the last three months the stock has hit a new 52-week high nineteen times, pointing to a significant uptrend.
The present value of CNY1,000 invested one year ago is CNY1,569 [vs CNY1,171 for the SSE 180 Index].
Fundamental measures by comparison with the sector average [in brackets] indicate:
Dividend yield of 2.8% [1.6%]
Afternoon Alert: Daqin Railway- A Share decreases 2.0% - underperforming 87% of stocks
25 July 2017 13:01 CST
Daqin Railway Co., Ltd. - A Share (SS:601006) has decreased 18.0 fen (or 2.0%) today to trade at CNY8.86 and has underperformed 87% of the market in the past week.
Daqin Railway Co., Ltd. - A Share (SS:601006; SHA:601006; CH:601006)