Egyptian stock alert
CLOSING UPDATE: Mansourah Poultry hits 52-week high second time in six months 17 October 2017 15:04 EET
NEWS BITES - MIDDLE EAST & NORTH AFRICA
This is an end of day Alert, produced after today's Egyptian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Mansourah Poultry, Egypt's 21st largest food and beverage company by market capitalisation, hit a 52-week high of LE7.08 today for the second time in the past six months and last traded at LE7.08. Trading volume was 7.3 times average at the end of the day.
Technical indicators complementing today's significant uptrend:
+ The positive 0.28 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last three months the stock has hit a new 52-week high once.
+ The price soared 22.9% in the last week and 30.6% in the last month.
+ The present value of EGP1,000 invested one year ago is LE1,837 [vs LE1,641 for the EGX 30 Index].
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 6.8% [1.1%]
The stock has underperformed 66% of the Egyptian market over the past 6 months.
Afternoon Alert: Mansourah Poultry soars 10.4% on firm volume
17 October 2017 12:11 EET
Mansourah Poultry (CA:MPCO) traded on heavy volume of 1.3 times average so far today while the price soared 65.0 qirsh (or 10.4%) to trade at LE6.90.
CLOSING UPDATE: Mansourah Poultry decreases further 0.8% on strong volume
16 October 2017 15:05 EET
Mansourah Poultry, Egypt's 22nd largest food and beverage company by market capitalisation, traded on heavy volume of 3.1 times average today while the price tumbled 41.0 qirsh (or 6.2%) to trade at LE6.25. Compared with the EGX 30 Index which fell 380.5 points (or 2.7%) in the day, this represented a relative price change of -3.4%.
Afternoon Alert: Mansourah Poultry sinks 5.4% on robust volume
16 October 2017 12:11 EET
Mansourah Poultry (CA:MPCO) traded on heavy volume of 1.7 times average so far today while the price sank 36.0 qirsh (or 5.4%) to trade at LE6.30.
Mansourah Poultry (CA:MPCO; CAI:MPCO; EY:MPCO)