Egyptian stock alert

EGYPT

CLOSING UPDATE: El Shams Housing & Urbanization continues significant downtrend, decreases 1.6% 16 January 2018 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).

El Shams Housing & Urbanization, Egypt's 11th largest real estate company by market capitalisation, continued its significant downtrend and decreased 13.0 qirsh (or 1.6%) to trade at LE7.83 today. Compared with the EGX 30 Index which fell 38.4 points (or 0.2%) in the day, this represented a relative price change of -1.4%.

Technical indicators complementing today's significant downtrend:

+ The price plummeted 12.0% in the last week and tumbled 6.8% in the last month.

Note

El Shams Housing & Urbanization today is at a discount of 21.3% to the 12-month high of LE9.95 on 03 Dec, 2017. It is at a premium of 174.7% to the 12-month low of LE2.85 on 22 May, 2017.

Bullish Signals:

The positive 0.11 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 97% of the Egyptian market over the past 6 months.

In the last three months the stock has hit a new 52-week high twenty-three times, pointing to a significant uptrend.

The present value of EGP1,000 invested one year ago is LE2,444 [vs LE1,138 for the EGX 30 Index].

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

Undervaluation:

Dividend yield of 3.2% [0.8%]

TODAY'S ALERT

Afternoon Alert: El Shams Housing & Urbanization keeps sliding: down 15.1% in 3 days

16 January 2018 12:14 EET

El Shams Housing & Urbanization (CA:ELSH) extended its slide on Tuesday, shedding an additional 26.0 qirsh (or 3.3%) to trade at LE7.70. Trading volume was 79% of average so far today. The shares have fallen LE1.37 (or 15.1%) over the past three trading days vs. the EGX 30 Index which has fallen 0.6% in the same period.

RECENT ALERTS

CLOSING UPDATE: El Shams Housing & Urbanization down 12.2% in 2 days

15 January 2018 15:04 EET

El Shams Housing & Urbanization, Egypt's 11th largest real estate company by market capitalisation, extended its slide on Monday, shedding an additional 74.0 qirsh (or 8.5%) to trade at LE7.96. Trading volume was 8.2 times average at the end of the day. The shares have fallen LE1.11 (or 12.2%) over the past two trading days vs. the EGX 30 Index which has fallen 0.8% in the same period.

Afternoon Alert: El Shams Housing & Urbanization down 12.2% in 2 days

15 January 2018 12:12 EET

El Shams Housing & Urbanization (CA:ELSH) extended its slide on Monday, shedding an additional 74.0 qirsh (or 8.5%) to trade at LE7.96. Trading volume was 3.9 times average so far today. The shares have fallen LE1.11 (or 12.2%) over the past two trading days vs. the EGX 30 Index which has fallen 0.3% in the same period.

El Shams Housing & Urbanization (CA:ELSH; CAI:ELSH; EY:ELSH)

ISIN: EGS65091C018

PermID: 4295866269

Source: www.BuySellSignals.com