Egyptian stock alert

EGYPT

CLOSING UPDATE: Alexandria Containers and goods drops gains by 2.2%, led Industrial goods, services & automobiles sector higher 17 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).

Alexandria Containers and goods, Egypt's largest industrial goods, services & automobiles company by market capitalisation, has climbed 4.8% to trade at LE175.0 vs. the Industrial goods, services & automobiles sector which strengthened 338.8 points (or 2.8%) to 12,546.5. Representing a weighting of about 42.5% of the sector, the stock accounted for 73.3% of today's gain. Trading volume was 3.8 times average at the end of the day.

Technical indicators complementing today's significant uptrend:

+ The positive 0.31 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The present value of EGP1,000 invested one year ago is LE2,424 [vs LE1,641 for the EGX 30 Index].

Note

Alexandria Containers and goods today is at a discount of 12.5% to the 12-month high of LE199.93 on 28 Dec, 2016. It is at a premium of 134.9% to the 12-month low of LE74.50 on 27 Oct, 2016.

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

Overvaluation:

Dividend yield of 5.1% [6.8%]

TODAY'S ALERT

Afternoon Alert: Alexandria Containers and goods jumps 7.2%, leads Industrial goods, services & automobiles sector higher

17 October 2017 12:11 EET

Alexandria Containers and goods (CA:ALCN) has jumped 7.2% to trade at LE179.0 vs. the Industrial goods, services & automobiles sector which strengthened 429.6 points (or 3.5%) to 12,637.3. Representing a weighting of about 43.2% of the sector, the stock accounted for 88.2% of today's gain. The shares have outperformed 85% of the market in the past week. Trading volume was 3.2 times average so far today.

Alexandria Containers and goods (CA:ALCN; CAI:ALCN; EY:ALCN)

ISIN: EGS42111C012

PermID: 4295866299

Source: www.BuySellSignals.com