Israeli stock alert
CLOSING UPDATE: Bank Hapoalim B.M. increases 0.6%, led Bank sector higher 20 September 2018 20:47 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).
Bank Hapoalim B.M., Israel's 2nd largest bank by market capitalisation, has increased 0.6% to trade at NIS26.63 vs. the Bank sector which strengthened 5.2 points (or 0.3%) to 1,716.7. Representing a weighting of about 30.3% of the sector, the stock accounted for 61.0% of today's gain. Trading volume was 1.9 times average at the end of the day. Compared with the TA-25 Index which rose 12.9 points (or 0.8%) in the day, this represented a relative price change of -0.2%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.15 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The 2.2% discount to 12-month high of NIS27.24 against the 18.0% premium to 12-month low of NIS22.56 suggests the stock continues to push for new highs.
+ In the last three months the stock has hit a new 52-week high nine times, pointing to a significant uptrend.
+ The price climbed 4.3% in the last week and 4.2% in the last month.
Other Bullish Signals include:
+ Net profit margin has averaged 25.4% in the last 3 years. This is considered superior and suggests a high margin of safety.
As per the Du Pont analysis, Return on Equity is less than stellar at 6.0%. Also, this has deteriorated from 7.6% last year.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 16.1 [13.1]
Dividend yield of 1.9% [2.8%]
Return on Equity 6.0% [7.7%]
Return on Assets 0.5% [0.6%]
Afternoon Alert: Bank Hapoalim B.M. increases 0.8% on high volume
20 September 2018 14:11 IDT
Bank Hapoalim B.M. (TASE:POLI) traded on heavy volume of 1.9 times average so far today while the price increased 22.0 agorot (or 0.8%) to trade at NIS26.69.
Afternoon Alert: Bank Hapoalim B.M. increases 0.6% on firm volume
20 September 2018 12:10 IDT
Bank Hapoalim B.M. (TASE:POLI) traded on heavy volume of 1.2 times average so far today while the price increased 15.0 agorot (or 0.6%) to trade at NIS26.62.
CLOSING UPDATE: Bank Hapoalim B.M. keeps rising: up 3.7% in 3 days
17 September 2018 20:47 IDT
Bank Hapoalim B.M., Israel's 2nd largest bank by market capitalisation, extended its gains on Monday, rising an additional 5.0 agorot (or 0.2%) to trade at NIS26.47. Trading volume was 46% of average at the end of the day. The shares have risen 94.0 agorot (or 3.7%) over the past three trading days vs. the TA-25 Index which has risen 1.2% in the same period.
Afternoon Alert: Bank Hapoalim B.M. increases 0.2%
17 September 2018 14:11 IDT
Bank Hapoalim B.M. (TASE:POLI) traded on volume of 0.7 times average so far today while the price increased 5.0 agorot (or 0.2%) to trade at NIS26.47.
Bank Hapoalim B.M. (TV:POLI; TLV:POLI; TA:POLI; TA:POLI; IT:POLI)