Shanghai stock alert

CHINA

CLOSING UPDATE: China State Construction Engineering decreased further 0.1%, led market lower 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).

China State Construction Engineering, Shanghai's largest engineering & construction company by market capitalisation, has decreased 1.7% to trade at CNY10.37 vs. the SSE 180 Index which weakened 38.7 points (or 0.5%) to 8,123.1. Representing a weighting of about 1.5% of the index, the stock accounted for 5.4% of today's loss. The shares have 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 -1.2%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.6% in the last week.

Note

Bullish Signals:

The positive 0.28 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The present value of CNY1,000 invested one year ago is CNY1,981 [vs CNY1,171 for the SSE 180 Index].

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

Undervaluation:

Dividend yield of 2.1% [1.6%]

TODAY'S ALERTS

Afternoon Alert: China State Construction Engineering decreases 1.6%, leads market lower

25 July 2017 13:01 CST

China State Const. Eng. Corp Ltd. (SS:601668) has decreased 1.6% to trade at CNY10.38 vs. the SSE 180 Index which weakened 21.0 points (or 0.3%) to 8,140.9. Representing a weighting of about 1.5% of the index, the stock accounted for 9.3% of today's loss. The shares have underperformed 82% of the market in the past week. Trading volume was 91% of average so far today.

Morning Alert: China State Construction Engineering down 2.2% in 2 days

25 July 2017 10:43 CST

China State Const. Eng. Corp Ltd. (SS:601668) extended its slide on Tuesday, shedding an additional 9.0 fen (or 0.9%) to trade at CNY10.46. Trading volume was 75% 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 0.6% in the same period.

RECENT ALERTS

CLOSING UPDATE: China State Construction Engineering decreased 1.3%, led Engineering & construction sector lower

24 July 2017 15:52 CST

China State Construction Engineering, Shanghai's largest engineering & construction company by market capitalisation, has decreased 1.3% to trade at CNY10.55 vs. the Engineering & construction sector which weakened 253.3 points (or 1.1%) to 22,445.4. Representing a weighting of about 34.4% of the sector, the stock accounted for 40.3% of today's loss. Trading volume was 1.1 times average at the end of the day. Compared with the SSE 180 Index which rose 28.1 points (or 0.3%) in the day, this represented a relative price change of -1.7%.

Afternoon Alert: China State Construction Engineering keeps rising: up 3.4% in 3 days

24 July 2017 13:00 CST

China State Const. Eng. Corp Ltd. (SS:601668) extended its gains on Monday, rising an additional 8.0 fen (or 0.7%) to trade at CNY10.77. Trading volume was 81% of average so far today. The shares have risen 35.0 fen (or 3.4%) over the past three trading days vs. the SSE 180 Index which has risen 0.1% in the same period.

China State Const. Eng. Corp Ltd. (SS:601668; SHA:601668; CH:601668)

ISIN: CNE100000F46

Source: www.BuySellSignals.com