Egyptian stock alert

EGYPT

CLOSING UPDATE: Misr Duty Free Shops increased losses by 0.4%, led Retail sector lower 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).

Misr Duty Free Shops, Egypt's largest retailer company by market capitalisation, has dropped 2.0% to trade at LE5.32 vs. the Retail sector which weakened 139.3 points (or 1.8%) to 7,539.6. Representing a weighting of about 46.9% of the sector, the stock accounted for 52.4% of today's loss. The shares have underperformed 92% of the market in the past week. Trading volume was 2.1 times average at the end of the day. Compared with the EGX 30 Index which rose 1.3 points (or 0.01%) in the day, this represented a relative price change of -2.0%.

Technical indicators complementing today's significant downtrend:

+ The price dropped 3.3% in the last week.

Note

Bullish Signals:

The positive 0.19 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 5.0% discount to 12-month high of LE5.60 against the 77.3% premium to 12-month low of LE3.0 suggests the stock continues to push for new highs.

In the Egyptian market, the stock's relative price strength percentile is improving at 61 for 6 months, 63 for 3 months and 73 for 1 month.

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

The present value of EGP1,000 invested one year ago is LE1,443 [vs LE1,828 for the EGX 30 Index].

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

Undervaluation:

Dividend yield of 9.4% [6.4%]

TODAY'S ALERT

Afternoon Alert: Misr Duty Free Shops drops 2.4%, leads Retail sector lower

25 July 2017 12:12 EET

Misr Duty Free Shops (CA:MFSC) has dropped 2.4% to trade at LE5.30 vs. the Retail sector which weakened 86.7 points (or 1.1%) to 7,592.2. Representing a weighting of about 46.4% of the sector, the stock accounted for 98.2% of today's loss. The shares have underperformed 94% of the market in the past week. Trading volume was 32% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Misr Duty Free Shops decreased 0.7%

20 July 2017 15:05 EET

Misr Duty Free Shops, Egypt's largest retailer company by market capitalisation, traded on volume of 0.8 times average today while the price decreased 4.0 qirsh (or 0.7%) to trade at LE5.46. Compared with the EGX 30 Index which rose 7.9 points (or 0.06%) in the day, this represented a relative price change of -0.8%.

Afternoon Alert: Misr Duty Free Shops increases 0.7% - outperforming 86% of stocks

20 July 2017 12:15 EET

Misr Duty Free Shops (CA:MFSC) has increased 4.0 qirsh (or 0.7%) today to trade at LE5.54 and has outperformed 86% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Misr Duty Free Shops (CA:MFSC; CAI:MFSC; EY:MFSC)

ISIN: EGS53051C016

PermID: 4296420985

Source: www.BuySellSignals.com