Egyptian stock alert

EGYPT

CLOSING UPDATE: Egypt Aluminum keeps sliding: down 10.3% in 5 days 20 June 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).

Egypt Aluminum, Egypt's 2nd largest basic resources company by market capitalisation, extended its slide on Wednesday, shedding an additional LE1.18 (or 2.1%) to trade at LE54.72. Trading volume was 57% of average at the end of the day. The shares have fallen LE6.28 (or 10.3%) over the past five trading days vs. the EGX 30 Index which has risen 1.4% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 3.54 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the Egyptian market, the stock's relative price strength percentile is falling at 27 for 6 months, 26 for 3 months and 2 for 1 month.

+ The price sank 5.7% in the last week and plummeted 22.1% in the last month.

Note

Egypt Aluminum today is at a discount of 32.6% to the 12-month high of LE81.22 on 08 Oct, 2017. It is at a premium of 203.3% to the 12-month low of LE18.04 on 22 Jun, 2017.

Bullish Signals:

The present value of EGP1,000 invested one year ago is LE3,351 [vs LE1,203 for the EGX 30 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 15.5% [4.2%]

TODAY'S ALERT

Afternoon Alert: Egypt Aluminum keeps sliding: down 9.9% in 5 days

20 June 2018 12:11 EET

Egypt Aluminum Co SAE (CA:EGAL) extended its slide on Wednesday, shedding an additional 95.0 qirsh (or 1.7%) to trade at LE54.95. Trading volume was 1.2 times average so far today. The shares have fallen LE6.05 (or 9.9%) over the past five trading days vs. the EGX 30 Index which has risen 1.1% in the same period.

Egypt Aluminum Co SAE (CA:EGAL; CAI:EGAL; EY:EGAL)

ISIN: EGS3E181C010

PermID: 4295866290

Source: www.BuySellSignals.com