Egyptian Exchange Weekly Wrap Up

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

Eight Egyptian Big Caps under 20 Pounds ($3.5 USD)

when you scan for the blue chips of the Egyptian Financial Market (EGX) you will found the following:

4 Stocks are selling now under 10 Egyptian Pounds, they are:

• Talaat Mustafa group (TMGH.CA), Real Estate
• Egyptian Kuwait holding (EKHO.CA), Financial Services
• El Ezz Steel Rebars (ESRS.CA), Basic Resources
• Credit Agricole Bank (CIEB.CA), Banks

4 Stocks are selling now under 20 Egyptian Pounds, they are:

• Telecom Egypt (ETEL.CA), Telecommunications
• EFG Hermes (HRHO.CA), Financial Services
• Sidi Kerir Petrochemicals (SKPC.CA), Chemicals
• Egyptian Iron & Steel (IRON.CA), Basic Resources

Weekly WrapUp of the Egyptian Exchange

the main Market Index CASE30 and the sector indices performance

sorted by one week change

that’s it …

the market tumbled 19.6% and the worst sector for sure is the construction by Orascom Hands after it’s bad earnings release which take stock price down -34% in this week (OCIC.CA 114, -34%)

the worst Stocks this week were the blue chips without any exception, this list contain Orascom, SODIC, EFG Hermes, Orascom Telecom and others , some of them are listed below

also some of the stocks that witnessed drop in price with strong volume (accumulation signs)

 

Stock Last % change   % Vol ESRS.CA 9.64   -18.92%   648% ABRD.CA 7.65   -20.31%   190% PACH.CA 28.32   -9.90%   177% ASCM.CA 26.65   -29.87%   170% SUCE.CA 20.40   -13.19%   153% HRHO.CA 13.56   -31.17%   141% IFAP.CA 11.24   -22.64%   114% OCIC.CA 114.00   -34.00%   113% ELKA.CA 4.50   -14.12%   108%

Stock % CHG FOAM.CA -46.00% OCDI.CA -37.71% OCIC.CA -34.00% GSSC.CA -32.09% HRHO.CA -31.17% ORTE.CA -30.41% $MOIL.CA -30.36% ASCM.CA -29.87% COSG.CA -29.87% RAKT.CA -29.54% ECMI.CA -28.87%

Egyptian Exchange Weekly, September 08 Wrap

 

The week has two days only cuz the holidays which will continue until the next Tuesday MON 6 October, the market will begin again in Tuesday 7 October 08

so, if we look at the monthly wrap, it was a very bad month, Market Cap lost -15.71%

sectors: The worst Was Telecommunication which contain 3 stocks only and all of them are blue chips, the sector plummet this month cuz the Orascom Telecom ORTE.CA bad fundamentals and management, and bad earnings results

the next in the worst list is the Basic Resources which also consist of some of the market blue chips like Al Ezz Steel ESRS.CA

and so on

the best sector (LOL) was the chemicals which dropped only -5.76%

Notes:

1. this month is the 5th month that made Lower Low
2. the market now resting in the Brach zone (it’s lower band 6100 and higher band 7400), this area usually serves as bouncing area or a trend continuation and will face a heavy accumulation at it’s boundaries with great congestion
3. on the weekly chart the market resting on the Major 200MA, on the daily chart it’s under it by -30%
4. also another funny point, the market resting under the second MA by aprox. -20% on both daily and weekly
5. The monthly price resting on the Third main MA
6. the price acceleration provide huge divergence on the price

those were some points we noticed with quick review to the weekly data

if those points proved by the price then I will begin the great accumulation in the 40 favored stocks and in the main portfolio

let’s see how it develops?

Egyptian Exchange New LLs, Week 14-18 SEP 08

Stocks closed at All Time Low:: AIVC$.CA, AREH.CA, AREHA.CA, DEVE.CA, MOIL$.CA, NAHO$.CA, RAYA.CA, RUBX.CA, TOUR.CA, PHDC.CA, ODHN.CA

Stocks closed at 1 Year Low:: CCRS.CA, COMI.CA, FAITA.CA, RTVC.CA, ASCM.CA, RAKT.CA, SIMO.CA, KZPC.CA, MICH.CA, GGCC.CA, HRHO.CA, SEIG.CA, COSG.CA, PHAR.CA, NASR.CA, SWDY.CA, UASG.CA, APSW.CA, NMPH.CA, AREI.CA, DAPH.CA, GIHD.CA, HELI.CA, MNHD.CA, UNIT.CA, ETEL.CA, ORHD.CA, PHTV.CA, MFSC.CA, ICID.CA

Stocks closed at 2 Years Low:: FAIT.CA, SAUD.CA, WATA.CA, ESRS.CA, IRON.CA, DCRC.CA, ECAP.CA, PACH.CA, DEIN.CA, HDBK.CA, MOSC.CA, SUGR.CA, ZEOT.CA, BIOC.CA, PHPC.CA, EAST.CA, SPIN.CA, ELSH.CA, OCDI.CA, EGTS.CA, SDTI.CA, MPRC.CA

Stocks closed at 3 Years Low:: NSGB.CA, MBSC.CA, OLGR.CA, ORTE.CA

Stocks closed at 4 Years Low:: EMOB.CA, LCSW.CA, SUCE.CA

Stocks closed at 5 Years Low:: ORWE.CA

Egyptian Exchange Weekly Wrap, 7-11 SEP 08

the week of no news, very quit week, the blue chip dropped slowly and the rest run!

the worst sector was the small telecom (-6.87) by the help of Orascom Telecom ORTE.CA and it’s bad news and downgrads and bad fair values, then come the banking sector (-5.12) and it’s bad outlook for the next year, today CIB Egypt (COMI.CA) tumbled -5.3% which drag the whole sector with it

the market itself witness -2.71% this week with bigger than average turnover

the best sector this week was the Food sector (+10.96%) cuz the high food prices in Ramadan and inflation rise

the real estate sector performed well too (+7.09%) and this on the contrary to the UAE real estate sector which collapsed badly this week, in egypt the sector run by Talaat Mustafa Group TMGH.CA and it’s news and the new chairman

The Volume Leaders

Stock	Last		% change		% Vol		Notes
MHOT.CA	130.00		36.91%		1210%		very illiquid
ACRO.CA	48.70		-3.37%		433%
$EGSA.CA	5.25		5.00%		378%		like MHOT
EGAL.CA	62.03		39.52%		315%
TMGH.CA	7.10		8.56%		227%		**
ABUK.CA	232.13		0.95%		181%
EXPA.CA	21.66		3.14%		181%
AMOC.CA	78.25		0.97%		174%
CSAG.CA	21.01		35.55%		161%
ALCN.CA	150.00		5.63%		141%
ROTO.CA	380.00		-1.76%		139%
ALUM.CA	60.90		25.83%		135%
SEIG.CA	85.52		-4.99%		111%
SCFM.CA	108.98		29.43%		90%
EGAS.CA	247.97		10.21%		84%
AREI.CA	108.00		-2.04%		81%
HDBK.CA	25.17		-2.82%		76%
NRPD.CA	38.25		25.41%		59%
RTVC.CA	8.86		6.62%		56%
$NANA.CA	21.05		-2.55%		55%
CEFM.CA	27.19		21.38%		54%
APSW.CA	6.36		18.88%		51%
SNFC.CA	72.85		7.61%		50%

the best and worst this week

Stock % CHG VOL EGAL.CA 39.52% 315% ICID.CA 38.75% -1% MHOT.CA 36.91% 1210% CSAG.CA 35.55% 161% NHPS.CA 34.57% 3% SCFM.CA 29.43% 90% EPCO.CA 27.32% -8% AICR.CA 26.57% -6% ALUM.CA 25.83% 135% NRPD.CA 25.41% 59% NIRE.CA 25.25% -93% AALR.CA 24.90% 4% GLAS.CA 24.20% -3% RREI.CA 24.12% -24% MOIN.CA 23.75% -86%

Stock % CHG VOL OLGR.CA  * -19.30% -8% AJWA.CA -13.68% -56% TRTO.CA -13.00% -99% OCDI.CA  * -10.64% -4% ORTE.CA  * -9.09% 33% ESRS.CA  * -7.34% -44% CANA.CA  * -6.75% -31% COMI.CA  * -5.53% -11% EMOB.CA  * -5.51% -2% EHDR.CA -4.90% 29% ELKA.CA -4.76% -59% HRHO.CA  * -4.73% 38% DARY.CA -4.60% -61% ETEL.CA  * -4.05% 33% SWDY.CA  * -3.85% -27%

as you see the worst stocks this week were the blue chips of the market (the starred symbols)

let’s see what the market show in the next week

the new portfolio performed very well this week +4.91%, the third week in row, very good start, I will past the week result in the journal blog now

Egyptian Exchange Weekly Wrap 31/8-4/9

very interesting week, tumbled in the first two sessions by the help of Hisham Talaat Mustafa arresting news and it’s stock blowing and rebound in the end sessions and closed +0.3%

many stocks outperformed this week and little number dropped

the worst sectors this week were: Telecoms, Basic Resources and Real estate

the last one has the murdering issue and the first going down by the bad news of Orascom Telecom bad earning release

the best sectors were the Financials +4.51%, Constructions +4.46%, Chemicals +3.92% which contain many of the blue chips of the market like OCIC.CA, HRHO.CA, EFIC.CA

The Volume Leaders and the Top/Worst Performers this week

Stock	Last		% change		% Vol		Notes
TMGH.CA	6.54		1.08%		370%		Vol: 216M
ACRO.CA	50.40		-3.08%		227%
$NAHO.CA	0.90		1.12%		222%
ABUK.CA	229.95		4.05%		153%
EGAL.CA	44.46		-0.71%		150%
AREI.CA	110.25		4.01%		146%
CSAG.CA	15.50		7.64%		103%
ALCN.CA	142.00		10.95%		97%
HDBK.CA	25.90		8.14%		86%
MBSC.CA	69.61		0.88%		83%
EHDR.CA	7.55		21.77%		69%
EGAS.CA	225.00		33.14%		63%
AFDI.CA	52.60		36.45%		60%
AREHA.CA	20.16		12.63%		41%

Stock % CHG VOL SNFC.CA 52.82% 9% SNFI.CA 47.23% -45% ABRD.CA 45.61% 40% AFDI.CA 36.45% 60% EGAS.CA 33.14% 63% MENA.CA 26.95% -25% AALR.CA 24.90% 4% EHDR.CA 21.77% 69% OLGR.CA 20.00% 39% NCCW.CA 19.91% -14% GIHD.CA 17.35% -23% IDEA.CA 15.08% -23% INFI.CA 14.88% -17% HCFI.CA 14.29% 21% SMPP.CA 13.62% -95%

Stock % CHG VOL SCAR.CA -14.92% -47% ORTE.CA -9.67% 29% CERA.CA -9.65% -66% ORWE.CA -8.89% -37% WACE.CA -7.54% -55% PPIS.CA -7.24% -79% EGBE.CA -7.14% -52% EGSA.CA -5.66% -27% ETEL.CA -5.18% -44% MOIN.CA -4.93% -87% ESRS.CA -4.65% -13% RTVC.CA -4.37% 21% SAUD.CA -4.18% -62% ESGI.CA -4.06% -89% AIVC.CA -4.04% 16%

Egyptian Exchange Weekly Wrap 24-28 AUG08, August 08 Wrap

the EGX outperformed this week, and begin a short term uptrend plotted on the daily TF

from the sectors view, there was only the Households sector which has a weak performance and witness a drop by -3.8%

the best performer sectors this week are: the basic resources which run 12.88% and the leaders of this up movement are the steel companies ESRS.CA and IRAX.CA from El Ezz Group

the next was Industrial Sector by it’s pennies and small caps ELEC.CA, GLAS.CA, ENGC.CA, ETRS.CA, SCAR.CA

then the chemicals sector was the third in the ranking by it’s large caps EFIC.CA, SKPC.CA, so the Construction sector by cements and the whole market leader OCIC.CA

the food sector also run at the last two sessions of the week by it’s majors SUGR.CA and the Mills stocks

the market itself closed @ 8375.24 with 4.92% from the last week 7982.74

on a monthly basis: August was a very bad month the market lost -9.47% this month, on a sector basis Travel sector was the worst one this week by -18.66%, the real estate -15.74%, the food sector by -15.22%, then the construction by -13.98%

finally the best performer was ofcourse the defender sector the Healthcare

the market turnover this week was heavy and aprox. 3.87B, many stocks from the best performers are also volume leaders

the volume leaders

Stock	Last		% change		% Vol		Notes
ACRO.CA	52.00		18.25%		685%		Construction
PACH.CA	47.90		-2.24%		587%		Construction
$EGBE.CA	2.80		15.70%		463%		Banks
CANA.CA	15.51		22.90%		391%		Banks
MCQE.CA	76.50		0.66%		296%		Construction
AJWA.CA	87.75		2.45%		189%		Food
HDBK.CA	23.95		11.55%		167%		Fin services
ENGC.CA	12.01		22.55%		132%		Industrial
ALCN.CA	127.99		12.27%		119%		Industrial
CSAG.CA	14.40		3.75%		111%		Industrial
FAIT.CA	27.00		-3.57%		96%		Banks
MBSC.CA	69.00		-7.26%		88%		Construction
AREI.CA	106.00		-3.65%		64%		Real Estate
ESRS.CA	25.57		20.70%		51%		Basic Resources
NSGB.CA	29.00		7.41%		44%		Banks

The market Worst and Best Performers

Stock % CHG VOL SCAR.CA 44.23% -52% PPIS.CA 35.71% -76% RREI.CA 34.58% -57% $TRTO.CA 26.05% -97% CERA.CA 24.21% -31% CANA.CA 22.90% 391% ENGC.CA 22.55% 132% AMES.CA 21.98% -35% ETRS.CA 21.27% 30% SCFM.CA 20.78% 22% ESRS.CA 20.70% 51% ACRO.CA 18.25% 685% WCDF.CA 18.13% 31% UNIP.CA 16.93% 36% ROTO.CA 16.83% -40%

Stock % CHG VOL WATA.CA -20.87% -54% AFDI.CA -17.93% 8% MFSC.CA -15.49% -7% EPCO.CA -13.57% -23% AIUR.CA -10.68% -40% SIMO.CA -8.65% -74% ORHD.CA -7.77% -98% MBSC.CA -7.26% 88% ICID.CA -6.68% -49% EGAS.CA -6.11% -17% NRPD.CA -4.88% 32% ACGC.CA -3.99% 6% PRCL.CA -3.96% -41% NCGC.CA -3.77% -42% AREI.CA -3.65% 64%

Egyptian Exchange and charts to ponder

El Ezz Steel Rebars (ESRS.CA), ORASCOM Constructions (OCIC.CA)

Do you remember this chart in this post in 7/5/2008

the chart update is amazing …

ESRS.CA Daily

ESRS.CA Weekly

this is a blue chip in the basic resources sector and because this the sector was the worst performer this week and tumbled  -11.27%

the second chart OCIC.CA

OCIC.CA Daily

OCIC.CA Weekly

this was the update  …

every time I return to the old Notes, I thanks God again and remember the importance of blogging

Egyptian Exchange Weekly Wrap 17-21 Aug08

EGX continue the strong downtrend without any weakness, the market dropped 2.92% this week, the foreign investors are the most seller, the worst sector this week was the basic resources sector which tumbled -22.08% with the help of it’s leaders El Ezz Steel ESRS.CA which closed with -17.6% drop

the next worst performer was the chemicals sector -11.37%, then the banks -10.15

there was only two sectors closed in green: the Financial services and the Healthcare, the Households closed almost flat by the help of it’s majors too

the market rebounds in the last session like the prior week too, the drop increased, in the last two weeks as you see the market tumbled 10.09%

The Volume Leaders

Stock	Last		% change		% Vol		Notes
$EGBE.CA	2.42		-2.42%		849%
MFSC.CA	7.23		-2.95%		226%
AIUR.CA	32.48		23.03%		120%
TMGH.CA	6.48		-0.77%		168%
MCQE.CA	76.00		1.06%		167%
AREI.CA	110.01		4.76%		141%
ROTO.CA	300.00		3.45%		74%
$EGSA.CA	5.00		-16.67%		84%
ENGC.CA	9.80		-24.27%		56%
CSAG.CA	13.88		-12.54%		32%

and the Top & Worst Performers

Stock % CHG VOL AIUR.CA 23.03% 200% SNFC.CA 9.98% -21% SIMO.CA 9.19% -77% ACGC.CA 7.18% 26% TOUR.CA 5.99% -87% ZMID.CA 4.78% -60% AREI.CA 4.76% 141% $TRTO.CA 4.39% -78% $AIVC.CA 4.26% 22% ROTO.CA 3.45% 74% HRHO.CA 3.43% -9% HELI.CA 2.91% 29% Best

Stock % CHG VOL PPIS.CA -30.00% -11% ESGI.CA -27.03% -94% ICID.CA -24.42% -69% ENGC.CA -24.27% 56% SCEM.CA -21.59% -46% PRCL.CA -20.51% -45% AGIN.OTC -18.09% -6% ESRS.CA -17.65% 28% RREI.CA -17.44% -80% IEEC.OTC -16.66% -14% SUCE.CA -16.56% 21% LCSW.CA -16.53% -84% Worst

All Time Low Stocks

Stock	% CHG	VOL
AREH.CA	-9.98%	-75%
AREHA.CA	2.36%	-52%
DEVE.CA	-5.38%	-53%
$NAHO.CA	-2.27%	-44%
RUBX.CA	-11.54%	-67%
TMGH.CA	-0.77%	168%

there is no all time high stock