Egyptian stock alert

EGYPT

CLOSING UPDATE: General Silos and Storage decreases further 0.5%, led Retail sector lower 19 October 2017 15:06 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).

General Silos and Storage, Egypt's 2nd largest retailer company by market capitalisation, has decreased 1.0% to trade at LE41.80 vs. the Retail sector which weakened 23.4 points (or 0.3%) to 6,978.2. Representing a weighting of about 42.4% of the sector, the stock accounted for the loss. The shares have underperformed 84% of the market in the past month. Trading volume was 19% of average at the end of the day. Compared with the EGX 30 Index which rose 123.5 points (or 0.9%) in the day, this represented a relative price change of -1.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.08 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price decreased 1.1% in the last week and 0.6% in the last month.

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

Overvaluation:

+ Dividend yield of 3.6% [9.8%]

Note

Bullish Signals:

The present value of EGP1,000 invested one year ago is LE1,678 [vs LE1,681 for the EGX 30 Index].

TODAY'S ALERT

Afternoon Alert: General Silos and Storage decreases 0.5%, leads Retail sector lower

19 October 2017 12:12 EET

General Silos & Storage (CA:GSSC) has decreased 0.5% to trade at LE42.02 vs. the Retail sector which weakened 12.3 points (or 0.2%) to 6,989.2. Representing a weighting of about 42.6% of the sector, the stock accounted for the loss. The shares have underperformed 86% of the market in the past month. Trading volume was 25% of average so far today.

RECENT ALERTS

CLOSING UPDATE: General Silos and Storage climbs 4.1%, led Retail sector higher

15 October 2017 15:06 EET

General Silos and Storage, Egypt's 2nd largest retailer company by market capitalisation, has climbed 4.1% to trade at LE44.0 vs. the Retail sector which strengthened 109.9 points (or 1.6%) to 7,020.4. Representing a weighting of about 44.4% of the sector, the stock accounted for the gain. Trading volume was 67% of average at the end of the day. Compared with the EGX 30 Index which rose 14.1 points (or 0.1%) in the day, this represented a relative price increase of 4.0%.

Afternoon Alert: General Silos and Storage inches higher, resistance at 12-day EMA

15 October 2017 12:14 EET

General Silos & Storage (CA:GSSC) has increased 1.8% but fell short of the 12-day Exponential Moving Average [EMA] of LE43.18.

General Silos & Storage (CA:GSSC; CAI:GSSC; EY:GSSC)

ISIN: EGS30441C017

PermID: 4295866237

Source: www.BuySellSignals.com