Egyptian stock alert

EGYPT

CLOSING UPDATE: Suez Cement up 12.3% in 2 days 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).

Suez Cement, Egypt's largest construction and materials company by market capitalisation, extended its gains on Tuesday, rising an additional LE1.11 (or 4.0%) to trade at LE29.10. Trading volume was 2.5 times average at the end of the day. The shares have risen LE3.18 (or 12.3%) over the past two trading days vs. the EGX 30 Index which has risen 0.2% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.92 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 2.6% discount to 12-month high of LE29.87 against the 233.7% premium to 12-month low of LE8.72 suggests the stock continues to push for new highs.

+ The stock has outperformed 90% of the Egyptian market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high six times, pointing to an uptrend.

+ The price soared 11.9% in the last week and 15.0% in the last month.

+ The present value of EGP1,000 invested one year ago is LE2,466 [vs LE1,828 for the EGX 30 Index].

TODAY'S ALERT

Afternoon Alert: Suez Cement jumps 6.5%, leads Construction and materials sector higher

25 July 2017 12:12 EET

Suez Cement (CA:SUCE) has jumped 6.5% to trade at LE29.80 vs. the Construction and materials sector which strengthened 41.5 points (or 0.8%) to 5,331.6. Representing a weighting of about 7.3% of the sector, the stock accounted for 60.4% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 2.5 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Suez Cement jumped 8.0% - outperforming 94% of stocks

24 July 2017 18:15 EET

Suez Cement, Egypt's largest construction and materials company by market capitalisation, has jumped LE2.07 (or 8.0%) today to trade at LE27.99 and has outperformed 94% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the EGX 30 Index which rose 24.4 points (or 0.2%) in the day, this represented a relative price increase of 7.8%.

Afternoon Alert: Suez Cement jumps 6.1%, leads Construction and materials sector higher

24 July 2017 13:26 EET

Suez Cement (CA:SUCE) has jumped 6.1% to trade at LE27.50 vs. the Construction and materials sector which strengthened 10.2 points (or 0.2%) to 5,237.2. Representing a weighting of about 6.8% of the sector, the stock accounted for the gain. The shares have outperformed 93% of the market in the past week. Trading volume was 2.8 times average so far today.

Suez Cement (CA:SUCE; CAI:SUCE; EY:SUCE)

ISIN: EGS3C181C012

PermID: 4295866248

Source: www.BuySellSignals.com