Egyptian stock alert

EGYPT

CLOSING UPDATE: Egyptian Transport and Commercial Services hits 52-week high third time in one month 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).

Egyptian Transport and Commercial Services, Egypt's 9th largest industrial goods, services & automobiles company by market capitalisation, hit a 52-week high of LE10.07 today for the third time in the past one month and last traded at LE9.88. Trading volume was 9.0 times average at the end of the day. Compared with the EGX 30 Index which rose 56.5 points (or 0.4%) in the day, this represented a relative price increase of 8.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.31 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 93% of the Egyptian market over the past 6 months.

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

+ The price jumped 8.6% in the last week and soared 26.7% in the last month.

+ The present value of EGP1,000 invested one year ago is LE3,205 [vs LE1,830 for the EGX 30 Index].

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

Undervaluation:

+ Dividend yield of 7.1% [3.6%]

Note

Overbought/Bearish:

The 1.9% discount to 12-month high of LE10.07 against the 213.7% premium to 12-month low of LE3.15 suggests the climb might be peaking.

TODAY'S ALERT

Afternoon Alert: Egyptian Transport and Commercial Services hits 52-week high third time in one month

26 July 2017 13:07 EET

Egyptian Transport and Commercial Services Company (CA:ETRS) hit a 52-week high of LE10.04 today for the third time in the past one month and last traded at LE9.99. Trading volume was 3.5 times average so far today.

Egyptian Transport and Commercial Services Company (CA:ETRS; CAI:ETRS; EY:ETRS)

ISIN: EGS42051C010

PermID: 4296893473

Source: www.BuySellSignals.com