Titan Cement Company SA has, on September 26, 2008, purchased 9,000 common and 170 preference own shares at €23.80 and €19 per share and a total purchase price of €214,238 and €3230 respectively.
The share price rose 20 Eurocents (or 0.9 per cent) to €23.20.
Compared with the FTSE/Athex 140 Index which rose 18.1 points (or 0.5 per cnet) on the day, this represented a relative price change of 0.3 per cent.
Volatility: The stock traded between an intraday high of €23.50 and a two-month low of €21.90. The price range has expanded in the last two days (from 30.0 Eurocents two days ago to €1.60 today) which, accompanied by a price rise, is a bullish signal.
Moving Average Price (MAP): The price to 200-day MAP ratio is 0.84, a bearish indicator. In the past 200 days this ratio has been under 0.84 86 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of €24.93 is lower than the 200-day MAP of Euro27.68, a bearish indicator. The 200-day MAP has decreased to €27.68. A decrease is another bearish indicator. In the last three months the number of falls outnumbered rises 33:30 or 1.1:1.
Relativities: Since open its percentile rank in the Greek market was 76. In the Greek market of 328 stocks, the stock has a six-month relative strength of 69 which means it has outperformed 69 per cent of the market.
Volume and Turnover Period: There were 93,619 shares worth €2 million (US$3m) traded. The volume was 0.8 times average trading of 117,401 shares. The turnover rate in the 12 months to date was 38.3 per cent (or a turnover period of two years, seven months). This average length of ownership of the stock at 1.6 times the average holding period of one year seven months for stocks in the Athex All Share Index suggests a larger number of core investors, making a long-term investment safer.
Percentage Discount to High: The last price is at a discount of 36.8 per cent to the 12-month high of €36.70 a year ago on 05 Oct, 2007.
Percentage Premium to Low: The last price is at a premium of 12.4 per cent to the 12-month low of €20.64 three months ago on 16 Jul, 2008.
Volume Weighted Price (VWP): The price is at a discount of 6.6 per cent to the 1-month volume weighted average price of €24.84, which may appeal as a value proposition.
6.6 per cent to the one-month volume weighted average price of €24.84, which may appeal as a value proposition.