Egyptian stock alert

EGYPT

CLOSING UPDATE: Cairo Poultry hits 52-week high third 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).

Cairo Poultry, Egypt's 5th largest food and beverage company by market capitalisation, hit a 52-week high of LE7.23 today for the third time in the past one month and last traded at LE7.23. This brought its two-day rise to LE1.12 or 18.3%. Trading volume was 4.6 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 increase of 8.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The present value of EGP1,000 invested one year ago is LE2,065 [vs LE1,655 for the EGX 30 Index].

Note

The stock has outperformed 76% of the Egyptian market over the past 6 months.

TODAY'S ALERT

Afternoon Alert: Cairo Poultry hits 52-week high third time in one month

18 October 2017 12:14 EET

Cairo Poultry (CA:POUL) hit a 52-week high of LE7.23 today for the third time in the past one month and last traded at LE7.23. This brought its two-day rise to LE1.12 or 18.3%. Trading volume was 3.3 times average so far today.

Cairo Poultry (CA:POUL; CAI:POUL; EY:POUL)

ISIN: EGS02051C018

PermID: 4295866305

Source: www.BuySellSignals.com