Egyptian Exchange Weekly Wrap Up
Posted by Ghareb on December 5, 2008
I dont know is this market is easy to beat or it just me, another round with the CASE30 (the Main Market index) and I’m the winner (+1.9%, see the Journal)
the best performing sector this week in price and volumes was the Basic Resources
all the week gone for Ezz Steel ESRS.CA and the last two days for the rest of the sector
the best stock this week is the OTC listed Lakah group HCFI.OTC which hasnt any existing in nature, just the name of the company’s owner and a news about return to pay back the stolen Banks money
+39% but very risky to play, so we left it away
the next best is Pioneers Holding PIOH.CA the investment bank and broker, we already catch it’s breakout with two position, one of them is closed and made the week for us (101K in it only)
some movement in the small deserted sector, Oil & Gas and I think it because the new Oil descovries in the west desert, may be!
this sector has 3 listed stocks only, we catch 2 of them Alex Miners (AMOC.CA), and Maridive (MOIL.CA) and watching them
Olympic group (OLGR.CA) was the heaviest in volume and shares 2.1M (340% above the Volume average) without any noticeable movement, insiders Buying?!
also NAHO.CA (Naeem Holding) and Orascom Telecom (ORTE.CA) shows heavy over-average volumes this week and also considered insiders buying and shares buy back
one of what we missed as a good trade on the weekly and daily was Mobinil (EMOB.CA), outperformed this week +13.3% with 904K!
also I don’t know what EFG Hermes doing and why this weak performance, I’ vent any share in it but just wondering!!
also some of the real estates did it in the last trading session (see HELI.CA, MNHD.CA, why? I don’t know and don’t care about the reason as usual (I’ve a position in both of them) and the view telling that: a story is coming on the weeklies, so be patient
