Israeli stock alert
CLOSING UPDATE: Together Ltd increases losses by 1.0%, led Metal & building products sector lower 18 June 2018 18:45 IDT
NEWS BITES - MIDDLE EAST & NORTH AFRICA
This is an end of day Alert, produced after today's Israel market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Together Ltd, Israel's 6th largest metal & building products company by market capitalisation, has tumbled 6.3% to trade at NIS8.99 vs. the Metal & building products sector which weakened 2.7 points (or 0.2%) to 1,645.5. Representing a weighting of about 4.1% of the sector, the stock accounted for the loss. Trading volume was 47% of average at the end of the day. Compared with the TA-25 Index which fell 8.9 points (or 0.6%) in the day, this represented a relative price change of -5.7%.
Technical indicators complementing today's significant downtrend:
+ The negative 0.1 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The price dropped 3.7% in the last month.
Together Ltd today is at a discount of 50.3% to the 12-month high of NIS18.08 on 23 Apr, 2018. It is at a premium of 2,896.7% to the 12-month low of 30.0 agorot on 03 Jul, 2017.
In the last three months the stock has hit a new 52-week high nine times, pointing to a significant uptrend.
Afternoon Alert: Together Ltd tumbles 7.2%, leads Metal & building products sector lower
18 June 2018 14:10 IDT
Together Ltd (TASE:TGTR) has tumbled 7.2% to trade at NIS8.90 vs. the Metal & building products sector which weakened 8.5 points (or 0.5%) to 1,639.7. Representing a weighting of about 4.1% of the sector, the stock accounted for 56.4% of today's loss. Trading volume was 60% of average so far today.
CLOSING UPDATE: Together Ltd keeps rising: up 12.8% in 3 days
17 June 2018 18:47 IDT
Together Ltd, Israel's 6th largest metal & building products company by market capitalisation, extended its gains on Sunday, rising an additional 9.10 agorot (or 1.0%) to trade at NIS9.59. Trading volume was 53% of average at the end of the day. The shares have risen NIS1.09 (or 12.8%) over the past three trading days vs. the TA-25 Index which has fallen 0.005% in the same period.
Afternoon Alert: Together Ltd increases 2.0% - outperforming 84% of stocks
17 June 2018 12:10 IDT
Together Ltd (TASE:TGTR) has increased 18.90 agorot (or 2.0%) today to trade at NIS9.69 and has outperformed 84% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.
Together Ltd (TV:TGTR; TLV:TGTR; TA:TGTR; TA:TGTR; IT:TGTR)