Egyptian stock alert

EGYPT

CLOSING UPDATE: Suez Bags keeps rising: up 46.3% in 4 days 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).

Suez Bags, Egypt's 6th largest industrial goods, services & automobiles company by market capitalisation, extended its gains on Wednesday, rising an additional LE3.39 (or 10.0%) to trade at LE37.34. Trading volume was 80.9 times average at the end of the day. The shares have risen LE11.82 (or 46.3%) over the past four trading days vs. the EGX 30 Index which has risen 0.7% in the same period.

Technical indicators complementing today's significant uptrend:

+ The stock has outperformed 83% of the Egyptian market over the past 6 months.

TODAY'S ALERT

Afternoon Alert: Suez Bags keeps rising: up 46.3% in 4 days

26 July 2017 13:07 EET

Suez Bags (CA:SBAG) extended its gains on Wednesday, rising an additional LE3.39 (or 10.0%) to trade at LE37.34. Trading volume was 2.8 times average so far today. The shares have risen LE11.82 (or 46.3%) over the past four trading days vs. the EGX 30 Index which has risen 0.7% in the same period.

RECENT ALERTS

CLOSING UPDATE: Suez Bags hits 52-week high second time in one month

25 July 2017 15:07 EET

Suez Bags, Egypt's 8th largest industrial goods, services & automobiles company by market capitalisation, hit a 52-week high of LE33.95 today for the second time in the past one month and last traded at LE33.95. This brought its three-day rise to LE8.43 or 33.0%. Trading volume was 11.1 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 increase of 10.0%.

Afternoon Alert: Suez Bags keeps rising: up 33.0% in 3 days

25 July 2017 12:12 EET

Suez Bags (CA:SBAG) extended its gains on Tuesday, rising an additional LE3.08 (or 10.0%) to trade at LE33.95. Trading volume was 45% of average so far today. The shares have risen LE8.43 (or 33.0%) over the past three trading days vs. the EGX 30 Index which has risen 0.5% in the same period.

Suez Bags (CA:SBAG; CAI:SBAG; EY:SBAG)

ISIN: EGS36041C019

PermID: 4296964643

Source: www.BuySellSignals.com