Brazilian stock alert

BRAZ

CLOSING UPDATE: VALE S.A. drops 2.3%, led market lower 17 October 2017 18:35 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).

VALE S.A., Brazil's largest iron/steel company by market capitalisation, has dropped 2.3% to trade at R$32.58 vs. the Brazil Index 50 which weakened 112.3 points (or 0.9%) to 12,743.6. Representing a weighting of about 7.4% of the index, the stock accounted for 19.7% of today's loss. Trading volume was 2.4 times average at the end of the day. Compared with the Brazil Index 50 which fell 112.3 points (or 0.9%) in the day, this represented a relative price change of -1.4%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.18 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price sank 4.9% in the last month.

Note

Bullish Signals:

In the last three months the stock has hit a new 52-week high twice.

The present value of BRL1,000 invested one year ago is R$1,935 [vs R$1,214 for the Brazil Index 50].

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

Undervaluation:

Dividend yield of 3.3% [2.0%]

TODAY'S ALERTS

Afternoon Alert: VALE S.A. decreases 1.8%, leads Basic Materials index lower

17 October 2017 14:08 BRST

Vale SA (SA:VALE3) has decreased 1.8% to trade at R$32.74 vs. the Basic Materials index which weakened 34.9 points (or 1.4%) to 2,409.4. Representing a weighting of about 42.0% of the index, the stock accounted for 53.7% of today's loss. Trading volume was 82% of average so far today.

Afternoon Alert: VALE S.A. decreases 0.4%, leads Basic Materials index lower

17 October 2017 12:10 BRST

Vale SA (SA:VALE3) has decreased 0.4% to trade at R$33.20 vs. the Basic Materials index which weakened 14.6 points (or 0.6%) to 2,429.6. Representing a weighting of about 42.1% of the index, the stock accounted for 31.6% of today's loss. Trading volume was 36% of average so far today.

RECENT ALERTS

CLOSING UPDATE: VALE S.A. increases further 0.6%, led Basic Materials index higher

16 October 2017 18:36 BRST

VALE S.A., Brazil's largest iron/steel company by market capitalisation, has increased 1.3% to trade at R$33.35 vs. the Basic Materials index which strengthened 33.0 points (or 1.4%) to 2,444.2. Representing a weighting of about 42.1% of the index, the stock accounted for 41.1% of today's gain. The shares have outperformed 90% of the market in the past week. Trading volume was 4.4 times average at the end of the day. Compared with the Brazil Index 50 which fell 14.3 points (or 0.1%) in the day, this represented a relative price increase of 1.4%.

Afternoon Alert: VALE S.A. increases 0.7%, leads Iron/Steel sector higher

16 October 2017 14:09 BRST

Vale SA (SA:VALE3) has increased 0.7% to trade at R$33.15 vs. the Iron/Steel sector which strengthened 38.0 points (or 0.6%) to 6,629.4. Representing a weighting of about 57.6% of the sector, the stock accounted for 72.4% of today's gain. The shares have outperformed 90% of the market in the past week. Trading volume was 2.1 times average so far today.

Vale SA (SA:VALE3; SAO:VALE3; BZ:VALE3)

ISIN: BRVALEACNOR0

PermID: 4295859761

Source: www.BuySellSignals.com