Shanghai stock alert

CHINA

CLOSING UPDATE: Petrochina - A Share up 2.1% in 2 days 26 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).

Petrochina - A Share, Shanghai's largest energy company by market capitalisation, extended its gains on Wednesday, rising an additional 11.0 fen (or 1.4%) to trade at CNY8.18. Trading volume was 1.8 times average at the end of the day. The shares have risen 17.0 fen (or 2.1%) over the past two trading days vs. the SSE 180 Index which has fallen 0.6% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.1 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price increased 0.7% in the last week and climbed 6.0% in the last month.

Note

Petrochina - A Share today is at a discount of 6.9% to the 12-month high of CNY8.79 on 25 Jan, 2017. It is at a premium of 15.0% to the 12-month low of CNY7.11 on 01 Aug, 2016.

The stock has outperformed 59% of the Shanghai market over the past 6 months.

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

Overvaluation:

Dividend yield of 0.7% [1.9%]

TODAY'S ALERTS

Afternoon Alert: Petrochina - A Share in 2nd consecutive rise, nears seven-month high

26 July 2017 13:02 CST

Petrochina Company Limited - A Share (SS:601857) extended its gains Wednesday, rising an additional 6.0 fen (or 0.7%) to trade at CNY8.13. The stock increased 0.75% on Tuesday bringing its 2-day rise to 1.5%. It is now approaching its 145-day high of CNY8.18.

Morning Alert: Petrochina - A Share in 2nd consecutive rise, nears seven-month high

26 July 2017 10:42 CST

Petrochina Company Limited - A Share (SS:601857) extended its gains Wednesday, rising an additional 6.0 fen (or 0.7%) to trade at CNY8.13. The stock increased 0.75% on Tuesday bringing its 2-day rise to 1.5%. It is now approaching its 145-day high of CNY8.15.

RECENT ALERTS

CLOSING UPDATE: Petrochina - A Share decreased further 0.4%, led Energy sector lower

21 July 2017 15:53 CST

Petrochina - A Share, Shanghai's largest energy company by market capitalisation, has decreased 1.1% to trade at CNY8.03 vs. the Energy sector which weakened 38.3 points (or 0.8%) to 4,491.3. Representing a weighting of about 47.9% of the sector, the stock accounted for 63.2% of today's loss. Trading volume was 94% of average at the end of the day. Compared with the SSE 180 Index which fell 49.4 points (or 0.6%) in the day, this represented a relative price change of -0.5%.

Afternoon Alert: Petrochina - A Share decreases 0.7%, leads Energy sector lower

21 July 2017 13:01 CST

Petrochina Company Limited - A Share (SS:601857) has decreased 0.7% to trade at CNY8.06 vs. the Energy sector which weakened 31.3 points (or 0.7%) to 4,498.3. Representing a weighting of about 48.0% of the sector, the stock accounted for 51.4% of today's loss. Trading volume was 51% of average so far today.

Petrochina Company Limited - A Share (SS:601857; SHA:601857; CH:601857)

ISIN: CNE1000007Q1

PermID: 4295864860

Source: www.BuySellSignals.com