Brazilian stock alert
CLOSING UPDATE: Petroleo Brasileiro SA Petrobras Preference Shares decreases gains by 0.8%, led Oil & gas sector higher 20 October 2017 18:36 BRST
NEWS BITES - BRIC
This is an end of day Alert, produced after today's Brazilian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Petroleo Brasileiro SA Petrobras Preference Shares, Brazil's 2nd largest oil & gas company by market capitalisation, has increased 0.4% to trade at R$16.22 vs. the Oil & gas sector which strengthened 16.9 points (or 0.3%) to 4,796.6. Representing a weighting of about 40.4% of the sector, the preference stock accounted for 50.0% of today's gain. Trading volume was 85% of average at the end of the day. Compared with the Brazil Index 50 which rose 11.5 points (or 0.09%) in the day, this represented a relative price increase of 0.3%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.37 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Price/Sales of 0.3 [0.4]
+ Price to Book of 0.4 [0.5]
Other Bullish Signals include:
+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the preference stock is undervalued and ranks in the top 3% of preference stock by value of Q Ratio.
Petroleo Brasileiro SA Petrobras Preference Shares today is at a discount of 12.3% to the 12-month high of R$18.49 on 27 Oct, 2016. It is at a premium of 40.0% to the 12-month low of R$11.59 on 21 Jun, 2017.
Afternoon Alert: Petroleo Brasileiro SA Petrobras Preference Shares increases 1.2%, leads Oil & gas sector higher
20 October 2017 12:10 BRST
Petroleo Brasileiro SA (SA:PETR4) has increased 1.2% to trade at R$16.35 vs. the Oil & gas sector which strengthened 45.1 points (or 0.9%) to 4,824.8. Representing a weighting of about 40.5% of the sector, the preference stock accounted for 53.4% of today's gain.
Petroleo Brasileiro SA (SA:PETR4; SAO:PETR4; BZ:PETR4)