Egyptian stock alert

EGYPT

CLOSING UPDATE: Egyptian Media Production City continues significant uptrend, climbs further 5.2% 18 January 2018 15:05 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).

Egyptian Media Production City, Egypt's largest media company by market capitalisation, continued its significant uptrend and jumped 53.0 qirsh (or 6.5%) to trade at LE8.73 today. Compared with the EGX 30 Index which rose 212.5 points (or 1.4%) in the day, this represented a relative price increase of 5.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.48 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 95% of the Egyptian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high six times and in the last three months seven times, pointing to a significant uptrend.

+ The price soared 21.2% in the last week and 39.0% in the last month.

+ The present value of EGP1,000 invested one year ago is LE2,688 [vs LE1,158 for the EGX 30 Index].

Note

Overbought/Bearish:

The 0.3% discount to 12-month high of LE8.76 against the 238.4% premium to 12-month low of LE2.58 suggests the climb might be peaking.

TODAY'S ALERT

Afternoon Alert: Egyptian Media Production City continues significant uptrend, increases 1.2%

18 January 2018 12:12 EET

Egyptian Media Production City (CA:MPRC) continued its significant uptrend and increased 10.0 qirsh (or 1.2%) to trade at LE8.30 today.

RECENT ALERTS

CLOSING UPDATE: Egyptian Media Production City hits 52-week high third time in one month

14 January 2018 15:05 EET

Egyptian Media Production City, Egypt's largest media company by market capitalisation, hit a 52-week high of LE7.73 today for the third time in the past one month and last traded at LE7.67. This brought its two-day rise to 48.0 qirsh or 6.7%. Trading volume was 1.5 times average at the end of the day. Compared with the EGX 30 Index which rose 17.9 points (or 0.1%) in the day, this represented a relative price increase of 6.4%.

Afternoon Alert: Egyptian Media Production City hits 52-week high third time in one month

14 January 2018 12:11 EET

Egyptian Media Production City (CA:MPRC) hit a 52-week high of LE7.73 today for the third time in the past one month and last traded at LE7.70. This brought its two-day rise to 51.0 qirsh or 7.1%. Trading volume was 1.5 times average so far today.

Egyptian Media Production City (CA:MPRC; CAI:MPRC; EY:MPRC)

ISIN: EGS78021C010

PermID: 4295866256

Source: www.BuySellSignals.com