Egyptian stock alert
CLOSING UPDATE: Kafr El-Zayat Pesticides & Chemicals continues significant uptrend, increased further 1.7% 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).
Kafr El-Zayat Pesticides & Chemicals, Egypt's 6th largest chemicals company by market capitalisation, continued its significant uptrend and climbed LE2.85 (or 5.6%) to trade at LE53.90 today. Compared with the EGX 30 Index which rose 56.5 points (or 0.4%) in the day, this represented a relative price increase of 5.2%.
Technical indicators complementing today's significant uptrend:
+ The positive 3.23 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 5.4% discount to 12-month high of LE56.99 against the 208.0% premium to 12-month low of LE17.50 suggests the stock continues to push for new highs.
+ The stock has outperformed 94% of the Egyptian market over the past 6 months.
+ In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.
+ The price soared 12.9% in the last week and 38.2% in the last month.
+ The present value of EGP1,000 invested one year ago is LE3,131 [vs LE1,830 for the EGX 30 Index].
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 5.6% [4.8%]
Afternoon Alert: Kafr El-Zayat Pesticides & Chemicals continues significant uptrend, lifts 3.8%
26 July 2017 13:07 EET
Kafr El-Zayat Pesticides & Chemicals Co (CA:KZPC) continued its significant uptrend and lifted LE1.95 (or 3.8%) to trade at LE53.0 today.
Kafr El-Zayat Pesticides & Chemicals Co (CA:KZPC; CAI:KZPC; EY:KZPC)