Brazilian stock alert
CLOSING UPDATE: Tecnosolo Engenharia e Tecnologia de Solos e Mater sinks 5.6% - underperforming 98% of stocks 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).
Tecnosolo Engenharia e Tecnologia de Solos e Mater, Brazil's 3rd largest mining company by market capitalisation, has sunk 15.0 centavos (or 5.6%) today to trade at R$2.55 and has underperformed 98% of the market in the past week. Compared with the Brazil Index 50 which rose 11.5 points (or 0.09%) in the day, this represented a relative price change of -5.6%.
Technical indicators complementing today's significant downtrend:
+ The price tumbled 8.9% in the last week and plummeted 11.5% in the last month.
Tecnosolo Engenharia e Tecnologia de Solos e Mater today is at a discount of 31.1% to the 12-month high of R$3.70 on 12 Sep, 2017. It is at a premium of 112.5% to the 12-month low of R$1.20 on 19 May, 2017.
The positive 0.02 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
In the last three months the stock has hit a new 52-week high thrice.
The present value of BRL1,000 invested one year ago is R$1,527 [vs R$1,194 for the Brazil Index 50].
Afternoon Alert: Tecnosolo Engenharia e Tecnologia de Solos e Mater sinks 5.2%, leads Mining sector lower
20 October 2017 12:10 BRST
Tecnosolo Engenharia SA (SA:TCNO3) has sunk 5.2% to trade at R$2.56 vs. the Mining sector which weakened 1.8 points (or 0.04%) to 4,812.5. Representing a weighting of about 0.7% of the sector, the stock accounted for 88.8% of today's loss. The shares have underperformed 99% of the market in the past week. Trading volume was 77% of average so far today.
Tecnosolo Engenharia SA (SA:TCNO3; SAO:TCNO3; BZ:TCNO3)