Egyptian stock alert

EGYPT

CLOSING UPDATE: Ibnsina Pharma increases further 0.9%, led Healthcare and pharmaceuticals sector higher 20 September 2018 15:10 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).

Ibnsina Pharma, Egypt's largest healthcare and pharmaceuticals company by market capitalisation, has soared 10.9% to trade at LE8.98 vs. the Healthcare and pharmaceuticals sector which strengthened 482.4 points (or 2.9%) to 17,328.0. Representing a weighting of about 30.7% of the sector, the stock accounted for the gain. The shares have outperformed 81% of the market in the past week. Trading volume was 1.3 times average at the end of the day. Compared with the EGX 30 Index which fell 28.8 points (or 0.2%) in the day, this represented a relative price increase of 11.1%.

Note

Bearish Signals:

The negative 0.58 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price sank 5.9% in the last week and plummeted 18.4% in the last month.

TODAY'S ALERT

Afternoon Alert: Ibnsina Pharma jumps 9.9%, leads Healthcare and pharmaceuticals sector higher

20 September 2018 12:12 EET

Ibnsina Pharma Co (CA:ISPH) has jumped 9.9% to trade at LE8.90 vs. the Healthcare and pharmaceuticals sector which strengthened 480.4 points (or 2.9%) to 17,325.9. Representing a weighting of about 30.4% of the sector, the stock accounted for the gain. Trading volume was 1.9 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Ibnsina Pharma in 6th consecutive fall, nears eight-month low

17 September 2018 15:08 EET

Ibnsina Pharma, Egypt's 2nd largest healthcare and pharmaceuticals company by market capitalisation, slipped further on Monday, sliding an additional 25.0 qirsh (or 2.7%) to trade at LE8.95. The stock dropped 3.73% on Thursday and 3.56% on Sunday bringing its 6-day fall to 16.0%. It is now approaching its 176-day low of LE8.90. Compared with the EGX 30 Index which fell 104.7 points (or 0.7%) in the day, this represented a relative price change of -2.0%.

Afternoon Alert: Ibnsina Pharma in 6th consecutive fall, nears eight-month low

17 September 2018 12:12 EET

Ibnsina Pharma Co (CA:ISPH) slipped further on Monday, sliding an additional 24.0 qirsh (or 2.6%) to trade at LE8.96. The stock dropped 3.73% on Thursday and 3.56% on Sunday bringing its 6-day fall to 15.9%. It is now testing its 174-day low of LE8.96.

Ibnsina Pharma Co (CA:ISPH; CAI:ISPH; EY:ISPH)

ISIN: EGS512O1C012

PermID: 5050305288

Source: www.BuySellSignals.com