Egyptian stock alert

EGYPT

CLOSING UPDATE: Maridive & oil services hits 52-week low eighteenth time in one month 25 July 2017 15:07 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).

Maridive & oil services, Egypt's 5th largest industrial goods, services & automobiles company by market capitalisation, hit a 52-week low of 20.0c earlier today for the 18th time in the past one month, but later rebounded higher to 21.0c. Trading volume was 2.9 times average at the end of the day. Compared with the EGX 30 Index which rose 1.3 points (or 0.01%) in the day, this represented a relative price change of -0.01%.

Technical indicators complementing today's significant downtrend:

+ The 5.0% premium to 12-month low of 20.0c against the 30.0% discount to high of 30.0c suggests the stock continues to push for new lows.

+ The stock has underperformed 92% of the Egyptian market over the past 6 months.

+ In the last three months the stock has hit a new 52-week low twenty-four times, pointing to a significant downtrend.

TODAY'S ALERT

Afternoon Alert: Maridive & oil services hits 52-week low eighteenth time in one month

25 July 2017 12:12 EET

Maridive & oil services (CA:MOIL) hit a 52-week low of 21.0c today for the 18th time in the past one month and last traded at 21.0c. Trading volume was 2.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Maridive & oil services hits 52-week low nineteenth time in one month

24 July 2017 18:15 EET

Maridive & oil services, Egypt's 5th largest industrial goods, services & automobiles company by market capitalisation, hit a 52-week low of 21.0c today for the 19th time in the past one month and last traded at 21.0c. Trading volume was 21% of average at the end of the day. Compared with the EGX 30 Index which rose 24.4 points (or 0.2%) in the day, this represented a relative price change of -0.2%.

Afternoon Alert: Maridive & oil services hits 52-week low nineteenth time in one month

24 July 2017 13:26 EET

Maridive & oil services (CA:MOIL) hit a 52-week low of 21.0c earlier today for the 19th time in the past one month, but later rebounded higher to 22.0c. Trading volume was 86% of average so far today.

Maridive & oil services (CA:MOIL; CAI:MOIL; EY:MOIL)

ISIN: EGS44012C010

PermID: 4296296314

Source: www.BuySellSignals.com