Brazilian stock alert
CLOSING UPDATE: Cemepe Investimentos Preference Shares tumbles 6.3% on spectacular volume 19 January 2018 18:34 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).
Cemepe Investimentos Preference Shares, Brazil's 6th largest investment company by market capitalisation, traded on heavy volume of 10.4 times average today while the price tumbled 21.0 centavos (or 6.3%) to trade at R$3.11. Compared with the Brazil Index 50 which rose 39.0 points (or 0.3%) in the day, this represented a relative price change of -6.6%.
Technical indicators complementing today's significant downtrend:
+ The price plummeted 11.1% in the last week.
Cemepe Investimentos Preference Shares today is at a discount of 21.9% to the 12-month high of R$3.98 on 12 Jan, 2018. It is at a premium of 102.0% to the 12-month low of R$1.54 on 05 Oct, 2017.
In the last three months the preference stock has hit a new 52-week high four times, pointing to an uptrend.
Afternoon Alert: Cemepe Investimentos Preference Shares tumbles 6.3% on firm volume
19 January 2018 14:08 BRST
Cemepe Investimentos SA (SA:MAPT4) traded on heavy volume of 1.1 times average so far today while the price tumbled 21.0 centavos (or 6.3%) to trade at R$3.11.
Cemepe Investimentos SA (SA:MAPT4; SAO:MAPT4; BZ:MAPT4)