Egyptian stock alert

EGYPT

CLOSING UPDATE: Suez Bags jumped 10.0% on spectacular volume 20 July 2017 15:05 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).

Suez Bags, Egypt's 8th largest industrial goods, services & automobiles company by market capitalisation, traded on heavy volume of 43.0 times average today while the price jumped LE2.55 (or 10.0%) to trade at LE28.07. Compared with the EGX 30 Index which rose 7.9 points (or 0.06%) in the day, this represented a relative price increase of 9.9%.

Note

Suez Bags today is at a discount of 6.1% to the 12-month high of LE29.90 on 12 Oct, 2016. It is at a premium of 52.6% to the 12-month low of LE18.39 on 15 Feb, 2017.

TODAY'S ALERT

Afternoon Alert: Suez Bags jumps 10.0% on robust volume

20 July 2017 12:15 EET

Suez Bags (CA:SBAG) traded on heavy volume of 1.7 times average so far today while the price jumped LE2.55 (or 10.0%) to trade at LE28.07.

Suez Bags (CA:SBAG; CAI:SBAG; EY:SBAG)

ISIN: EGS36041C019

PermID: 4296964643

Source: www.BuySellSignals.com