Egyptian stock alert
CLOSING UPDATE: Misr Oils and Soap hits 52-week high second time in three months 18 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).
Misr Oils and Soap, Egypt's 18th largest food and beverage company by market capitalisation, hit a 52-week high of LE26.40 today for the second time in the past three months and last traded at LE25.20. Trading volume was 11.7 times average at the end of the day. Compared with the EGX 30 Index which rose 64.7 points (or 0.5%) in the day, this represented a relative price increase of 4.5%.
Technical indicators complementing today's significant uptrend:
+ The 4.5% discount to 12-month high of LE26.40 against the 152.0% premium to 12-month low of LE10.0 suggests the stock continues to push for new highs.
+ The stock has outperformed 90% of the Egyptian market over the past 6 months.
+ In the last three months the stock has hit a new 52-week high twice.
+ The price climbed 5.0% in the last week and soared 26.6% in the last month.
+ The present value of EGP1,000 invested one year ago is LE2,411 [vs LE1,655 for the EGX 30 Index].
Afternoon Alert: Misr Oils and Soap hits 52-week high second time in three months
18 October 2017 12:14 EET
Misr Oils & Soap (CA:MOSC) hit a 52-week high of LE26.40 today for the second time in the past three months and last traded at LE26.38. Trading volume was 1.9 times average so far today.
Misr Oils & Soap (CA:MOSC; CAI:MOSC; EY:MOSC)