Cementir Holding SpA increases 2.4 per cent on form volume

Cementir Holding SpA increases 2.4 per cent on form volume
01 October 2008


Cementir Holding SpA, Italy’s fifth largest Construction, Engineering & Materials company by market capitalisation, increased 7.75 Eurocents (or 2.4 per cnet) to €3.36, ending a two-day streak of losses. Compared with the MIBTEL Index which fell 110.0 points (or 0.6 per cent) on the day, this represented a relative price change of 2.9 per cent. The volume was 1.2 times average trading of 227,649 shares.


Volatility: The stock traded between an intraday low of €3.27 and two-day high of €3.44. This suggests a trading opportunity between peaks and troughs.

Moving Average Price (MAP): The price to 200-day MAP ratio is 0.67, a bearish indicator. In the past 200 days this ratio has been under 0.67 45 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of Euro3.87 is lower than the 200-day MAP of €5.05, a bearish indicator. The 200-day MAP has decreased to €5.05. A decrease is another bearish indicator. In the last three months the number of falls outnumbered rises 36:26 or 1.38:1.

Relativities: Since open its percentile rank in the Italian market was 78. In the Italian market of 372 stocks, the stock has a six-month relative strength of 10 indicating it is trailing 90 per cent of the market.

Volume and Turnover Period: There were 272,178 shares worth €14,518 (US$1m) traded. The turnover rate in the 12 months to date was 35.9 per cent (or a turnover period of 2 years 9 months). This average length of ownership of the stock at 1.7 times the average holding period of 1 year 7 months for stocks in the All STARS Index suggests a larger number of core investors, making a long-term investment safer.

Percentage Premium to Low: The last price is at a premium of 3.3 per cent to the 12-month low of €3.25 one-day ago on 29 Sep, 2008.

Volume Weighted Price (VWP): The price is at a discount of nine per cent to the one-month volume weighted average price of €3.69, which may appeal as a value proposition.

-month volume weighted average price of €3.69, which may appeal as a value proposition.
Published under Cement News