Israeli stock alert

ISRAEL

CLOSING UPDATE: Bank Leumi Le- Israel B.M. decreases 0.9%, led Bank sector lower 16 January 2018 17:12 IST

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).

Bank Leumi Le- Israel B.M., Israel's 2nd largest bank by market capitalisation, has decreased 0.9% to trade at NIS21.39 vs. the Bank sector which weakened 8.5 points (or 0.5%) to 1,589.3. Representing a weighting of about 30.3% of the sector, the stock accounted for 53.0% of today's loss. Trading volume was 67% of average at the end of the day. Compared with the TA-25 Index which rose 3.3 points (or 0.2%) in the day, this represented a relative price change of -1.1%.

Technical indicators complementing today's significant downtrend:

+ The 1.6% discount to 12-month high of NIS21.74 against the 42.7% premium to 12-month low of NIS14.99 suggests the climb might be peaking.

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

Overvaluation:

+ Dividend yield of 1.9% [2.3%]

Note

Bullish Signals:

The positive 0.43 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

The price increased 0.9% in the last week and soared 10.9% in the last month.

As per the Du Pont analysis, Return on Equity of 8.7% is better than sector average of 7.7%.

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

Undervaluation:

Return on Equity 8.7% [7.7%]

TODAY'S ALERTS

Afternoon Alert: Bank Leumi Le- Israel B.M. decreases 0.6% on robust volume

16 January 2018 13:11 IST

Bank Leumi Le- Israel B.M. (TASE:LUMI) traded on heavy volume of 1.4 times average so far today while the price decreased 13.0 agorot (or 0.6%) to trade at NIS21.46.

Morning Alert: Bank Leumi Le- Israel B.M. decreases 0.05%

16 January 2018 11:11 IST

Bank Leumi Le- Israel B.M. (TASE:LUMI) traded on volume of 0.4 times average so far today while the price decreased 1.0 agorot (or 0.05%) to trade at NIS21.58.

RECENT ALERTS

CLOSING UPDATE: Bank Leumi Le- Israel B.M. recovers 0.2%

15 January 2018 17:12 IST

Bank Leumi Le- Israel B.M., Israel's 2nd largest bank by market capitalisation, traded on volume of 0.6 times average today while the price decreased 1.0 agorot (or 0.05%) to trade at NIS21.59. Compared with the TA-25 Index which fell 1.4 points (or 0.09%) in the day, this represented a relative price increase of 0.04%.

Afternoon Alert: Bank Leumi Le- Israel B.M. decreases 0.2% on robust volume

15 January 2018 13:11 IST

Bank Leumi Le- Israel B.M. (TASE:LUMI) traded on heavy volume of 1.6 times average so far today while the price decreased 5.0 agorot (or 0.2%) to trade at NIS21.55.

Bank Leumi Le- Israel B.M. (TV:LUMI; TLV:LUMI; TA:LUMI; TA:LUMI; IT:LUMI)

ISIN: IL0006046119

PermID: 5000068620

Source: www.BuySellSignals.com