Italian stock alert
CLOSING UPDATE: Buzzi Unicem decreases 0.8% - underperforming 91% of stocks 19 January 2018 18:15 CET
NEWS BITES - EUROPE
This is an end of day Alert, produced after today's Italian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Buzzi Unicem, Italy's largest construction & materials company by market capitalisation, has decreased 18.0c (or 0.8%) today to trade at EUR23.30 and has underperformed 91% of the market in the past week. Compared with the FTSE MIB Index which rose 118.4 points (or 0.5%) in the day, this represented a relative price change of -1.3%.
Technical indicators complementing today's significant downtrend:
+ The price dropped 3.3% in the last week.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 0.4% [0.8%]
Buzzi Unicem today is at a discount of 7.2% to the 12-month high of EUR25.11 on 08 May, 2017. It is at a premium of 22.6% to the 12-month low of EUR19.0 on 29 Aug, 2017.
The positive 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
Morning Alert: Buzzi Unicem decreases 0.9%, leads Construction & materials sector lower
19 January 2018 11:08 CET
Buzzi Unicem (MI:BZU) has decreased 0.9% to trade at EUR23.26 vs. the Construction & materials sector which weakened 107.3 points (or 0.2%) to 45,359.8. Representing a weighting of about 23.7% of the sector, the stock accounted for 92.6% of today's loss. The shares have underperformed 92% of the market in the past week. Trading volume was 1.7 times average so far today.
Buzzi Unicem (MI:BZU; BIT:BZU; IM:BZU)