Egyptian stock alert

EGYPT

CLOSING UPDATE: Arab Aluminum hits 52-week high fifth time in one month 18 October 2017 15:04 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).

Arab Aluminum, Egypt's 6th largest basic resources company by market capitalisation, hit a 52-week high of LE56.02 today for the fifth time in the past one month and last traded at LE48.24. Trading volume was 5.8 times average at the end of the day. Compared with the EGX 30 Index which rose 64.7 points (or 0.5%) in the day, this represented a relative price change of -10.5%.

Technical indicators complementing today's significant uptrend:

+ The positive 4.87 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 98% of the Egyptian market over the past 6 months.

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

+ The price soared 50.1% in the last week and 64.9% in the last month.

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

Undervaluation:

+ Dividend yield of 2.1% [0.3%]

Note

Arab Aluminum today is at a discount of 13.9% to the 12-month high of LE56.02 on 18 Oct, 2017. It is at a premium of 533.9% to the 12-month low of LE7.61 on 26 Oct, 2016.

TODAY'S ALERT

Afternoon Alert: Arab Aluminum tumbles 6.7%

18 October 2017 12:14 EET

Arab Aluminum (CA:ALUM) traded on volume of 0.8 times average so far today while the price tumbled LE3.60 (or 6.7%) to trade at LE50.0.

RECENT ALERTS

CLOSING UPDATE: Arab Aluminum keeps rising: up 78.2% in 5 days

16 October 2017 15:05 EET

Arab Aluminum, Egypt's 6th largest basic resources company by market capitalisation, extended its gains on Monday, rising an additional LE7.08 (or 16.4%) to trade at LE50.27. Trading volume was 8.3 times average at the end of the day. The shares have risen LE22.06 (or 78.2%) over the past five trading days vs. the EGX 30 Index which has fallen 3.2% in the same period.

Afternoon Alert: Arab Aluminum keeps rising: up 78.2% in 5 days

16 October 2017 12:11 EET

Arab Aluminum (CA:ALUM) extended its gains on Monday, rising an additional LE7.08 (or 16.4%) to trade at LE50.27. Trading volume was 1.7 times average so far today. The shares have risen LE22.06 (or 78.2%) over the past five trading days vs. the EGX 30 Index which has fallen 2.2% in the same period.

Arab Aluminum (CA:ALUM; CAI:ALUM; EY:ALUM)

ISIN: EGS3D031C018

PermID: 4296041148

Source: www.BuySellSignals.com