Egyptian stock alert
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%.
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.
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)