How did Tadawul shares fare during auction time today?

24/01/2019 Argaam Special

 

In this report, Argaam monitors the movement of Tadawul-listed stock prices during the auction period that follows the regular trading time. The Auction period lasts 10 minutes between 3 pm and 3:10 pm.

 

The table below compares the performance of Tadawul All Share Index (TASI):

 

TASI Performance During Jan. 24 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,442

8,435

(7)

Value Traded

 (SAR mln)

2,710

2,736

+26

Volume Traded

(mln shares)

105.5

106.4

+0.9

Number of transactions

100,947

101,881

+934

 

The Index dropped around 7 points during the auction period, with a value traded of SAR 26 million in 934 transactions, widening daily losses to 31 points. The volume traded represented nearly 1 percent of total day’s activity.

 

Below is a track of individual stock movements post trading hours:

 

Decliners (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Savola

31.20

30.15

(3.37%)

ACIG

20.98

20.68

(1.43%)

Almarai

55.50

55.00

(0.90%)

Advanced

52.90

52.50

(0.76%)

Yanbu Cement

27.60

27.40

(0.72%)

SAFCO

84.80

84.20

(0.71%)

Bawan

13.42

13.34

(0.60%)

SRMG

86.80

86.30

(0.58%)

Alawwal

16.68

16.60

(0.48%)

SABIC

120.80

120.40

(0.33%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

UCA

11.50

11.60

+0.87%

BSF

38.00

38.30

+0.79%

SPM

13.14

13.22

+0.61%

SARCO

43.60

43.85

+0.57%

Aldrees

35.45

35.65

+0.56%

Halwani

44.45

44.70

+0.56%

MedGulf

14.90

14.98

+0.54%

SAIC

14.34

14.40

+0.42%

NADEC

28.40

28.50

+0.35%

Mobily

17.82

17.88

+0.34%

 

During the 10-minute auction period, investors can place buy and sell orders based on which the system calculates a fair price per stock, and this fair price serves as a reference price for the following trading day.

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