Egyptian stock alert
CLOSING UPDATE: National Housing for Professional Syndicates dropped 2.4% - underperforming 99% of stocks 26 July 2017 17:25 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).
National Housing for Professional Syndicates, Egypt's 12th largest real estate company by market capitalisation, has dropped 50.0 qirsh (or 2.4%) today to trade at LE20.50 and has underperformed 99% of the market in the past week. Compared with the EGX 30 Index which rose 56.5 points (or 0.4%) in the day, this represented a relative price change of -2.8%.
Technical indicators complementing today's significant downtrend:
+ The price plummeted 10.8% in the last week and decreased 1.0% in the last month.
National Housing for Professional Syndicates today is at a discount of 35.7% to the 12-month high of LE31.90 on 26 Mar, 2017. It is at a premium of 104.6% to the 12-month low of LE10.02 on 01 Aug, 2016.
The present value of EGP1,000 invested one year ago is LE2,046 [vs LE1,830 for the EGX 30 Index].
Afternoon Alert: National Housing for Professional Syndicates jumps 10.0%
26 July 2017 13:07 EET
National Housing for Professional Syndicates (CA:NHPS) traded on volume of 0.3 times average so far today while the price jumped LE2.09 (or 10.0%) to trade at LE23.09.
National Housing for Professional Syndicates (CA:NHPS; CAI:NHPS; EY:NHPS)