Weekly Wrap

Last thursday News (Bad too)

• Talaat Mustafa Group Profits dips 29%, Reuters
• EFG Hermes Holding Q2 Profits dips 57%, Reuters
• Lecico Egypt Q2 Profits dips 20%, Reuters
• CIB & Actis Deal
• The Suez Canal Monthly Revenues dips 22%, BusinessNews
• National Security of Israel declares Warning to Israelis against traveling to Egypt, Kenya and Morocco
• Egypt CIB Bank Q2 Profit slides 17%, Reuters
• Egypt Mobile Subscribers reach 48.5 Million, WirelessFederaton

no interesting opportunities in the charts for the next week but you can look at ABRD, HRHO, IEEC, SKPC

in Thursday the gaps ruin most of the pending orders (as you know if you follow this blog from while, we neglect the breakout in the Gap case

and the rest of the positions initiated with 0.5% risk, they’re:AITG, ASCM, CPCI, DAPH, ENGC, GGCC and they will settle in Sunday and also liquidate if there will be any surprises in the market the next week

and the old positions we still have are in: CEFM, ECAP, GLAS, OSTD and NCCW liquidated as trailing SL hit with small loss

EGX New Opportunities and weak start for the Week

Here are some MT opportunities in this market, I want to look at the UAE’s too

some of those pending entries breached today but with very week performance and light bids over them

so I must be selective and take those who corrected with at least three weekly bars

those who activated the first entry, you can join them with the additions if you saw strength in their performance in the rest of the weeks’ sessions

those are New entries not addition to existing cuz some of them have pyramids already, so you must take care and use small percent of risk

the red symbols for the breached entries in Sunday 3 May 09 session

I see that Glaxo Smith (BIOC) will show good opportunity if it took off 14.7 and first and stay stable there, we can consider it as as a swine flu stock and under 13 it will give a short while the news effect fades

BIOC recommend by Ghada,

HFI Hermes Index Rebalance again

2 stocks removed and 6 new added

the old:

• Export Development Bank  (EXPA.CA)
• Faisal Islamic Bank  (FAIT.CA)

The New Stocks

1. Egyptian Electrical Cables (ELEC.CA)
2. Egyptian Iron & Steel (IRON.CA)
3. Lecico (LCSW.CA)
4. El Ahli Investment and Development (AFDI.CA)
5. Pioneers Holding (PIOH.CA)
6. Nile Cotton Ginning (NCGC.CA)

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

Egypt GDR listed in London, Huge volumes today!! Monday 15 SEP

the GDRs today tumbled with huge volume, this can be assumed accumulation behavior but who knows?!

also there are green GDRs: Telecom Egypt  +3.1% and Lecico +18.4%

Orascom Construction -10.3% with 423% over average volume,

Orascom Telecom, -8.6% with 247% over average volume

EFG Hermes -4.7% with 231% Volume

The Charts

CIB Bank (COMI)	EFG Hermes (HRHO)
Orascom Construction (OCIC)	Orascom Telecom (ORTE)

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 

Egyptian Exchange Weekly Wrap 10-14Aug08 …1

The most interesting week we didn’t see long time

The Week begins as regular dropping slowly with the average speed until the Wednesday the market press the clutch many times LOL and then dropped aprox. 5%, the small investors throw their holding with any prices, the market rebound little this day and end the week in Thursday with a complete rebound

Note: the rebound erased Wednesday loses only, On weekly basis the market loused -7.39%, and there is long way before we talk about any complete rebound, this is as usual the traders rebound, and the market will continue with the congestion and his way down

alot of activity this week in many stocks, also a good number of stocks made All Time Low

Volume Leaders

Stock	Last		% change		% Vol		Notes
AJWA.CA	91.00		1.10%		232%		Food
ORHD.CA	50.00		-1.56%		222%		Travel
LCSW.CA	29.88		14.92%		190%		Construction
TMGH.CA	6.53		-17.45%		122%		Real Estate
NRPD.CA	29.70		-17.64%		75%		Construction
CSAG.CA	15.87		-14.81%		75%		Industrial
AMOC.CA	69.78		-0.31%		70%		Oil & Gas
MFSC.CA	7.45		8.92%		64%		Retail
ESRS.CA	65.90		-12.13%		63%		Basic Resources
COMI.CA	50.00		-0.60%		60%		Banks
AMES.CA	39.70		-23.14%		37%		Healthcare

as You see, there is no money flow into specific sector, the accumulation in the last two days was regular stupid accumulation done by the institutional investors and not by Foreign investors (they’re still going out of the whole Market)!

if you look at the Best/Worst Performers, you can list the whole market as a worst performers LOL, but the funny point is there are Best performers also this week, but are useless stock behaviors(< 100 shares Volumes)

Stock % CHG VOL OBMI.CA 33.84% -91% WATA.CA 31.29% -99% LCSW.CA 14.92% 190% SEIG.CA 12.64% -75% ACGC.CA 9.86% -22% ALEX.CA 9.32% -74% MFSC.CA 8.92% 64% ESGI.CA 8.69% -95% SCEM.CA 8.56% -47% $ESGA.CA 7.91% -98% HCFI.OTC 6.61% 0% Best

Stock % CHG VOL NIRE.CA -32.75% -95% TRTO.CA -26.45% -97% AFDI.CA -26.08% -13% NEDA.CA -25.53% -80% EREC.CA -24.24% -85% UNIP.CA -23.35% 19% AMES.CA -23.14% 37% HELI.CA -22.61% 33% MILS.CA -22.42% -55% NCCW.CA -21.25% -59% PRCL.CA -20.84% -19% ABRD.CA -20.53% -9% UASG.CA -20.41% -47% IDEA.CA -20.16% -51% Worst

All Time Low Stocks

Stock	% CHG	VOL
$AIVC.CA	-6.00%	-39%
AREH.CA	-16.53%	-60%
AREHA.CA	-13.48%	-91%
DEVE.CA	-9.35%	-23%
$NAHO.CA	-7.37%	-51%
PHDC.CA	-0.65%	-
RUBX.CA	-8.37%	-58%
TMGH.CA	-17.45%	122%

The Weekly wrap continue in the next posts …..

Egypt Stock Market Wrap 13-17 July08

Performance table

the market begin to consolidate in this area (-10% under the main MA) if you remember the spread posts, the market run the first 3 sessions and then dropped the last two with visible bidders,

yes they are delicious prices now but the greed want more and more drop are coming in some stocks to consolidate in accumulations areas

you can notice the activity in stocks priced in USD and this cuz the decline of the US Dollar this week

the consolidation begins this week and can live for some months

Volume Leaders

Stock	Last		% change		% Vol		Notes
NRPD.CA	40.88		25.40%		466%
PIOH.CA	17.30		-21.36%		339%
LCSW.CA	27.52		-12.63%		200%
AGIN.CA	1.16		-10.77%		132%		OTC
UNIP.CA	61.00		6.49%		108%
CSAG.CA	22.00		-15.58%		106%
PACH.CA	50.00		-2.57%		86%
$MAPS.CA	6.75		8.70%		78%
OCDI.CA	132.21		-6.57%		75%
SNFI.CA	56.49		-3.44%		69%
SWDY.CA	143.00		2.14%		67%
EHDR.CA	8.12		-11.93%		63%
$AIVC.CA	1.17		-2.50%		63%
ALCN.CA	187.01		-18.69%		61%
MPCO.CA	31.85		-12.14%		55%
$NAHO.CA	1.35		9.76%		41%

Stocks to Watch

some Stocks to watch and diversify in them for the rest of the year

Cairo Market

	Mcap			Sector
ABUK.CA,	1,424M			CHEMICALS
LCSW.CA,	1,609M			CONSTRUCTION
MRCO.CA,	1,080M			CONSTRUCTION
AUTO.CA,	8,088M			INDUSTRIALS
GMCI.CA,	45M			OIL & GAS
DAPH.CA,	320M			REAL ESTATE
TMGH.CA	23,286M			REAL ESTATE
MFSC.CA,	680M			RETAIL
ASCM.CA,	2100M			BASIC RESOURCES

THU Apr10/08 Notes

volume leaders for today

SNFC.CA	34.01		0.00%		355%
MICH.CA	23.25		11.30%		287%
UNIT.CA	23.89		8.50%		255%
ACGC.CA	13.9		6.10%		208%
OLGR.CA	79		-1.40%		186%
UEFM.CA	81		-3.60%		144%
INFI.CA	38.8		5.70%		136%
HCCO.CA	38.1		-3.50%		130%
SNFI.CA	41.13		-1.30%		110%
EDFM.CA	40.17		-4.40%		108%
IFAP.CA	329		-3.10%		98%
SCFM.CA	79.53		4.80%		97%
EGTS.CA	8.99		2.60%		80%
AUTO.CA	62.7		-0.50%		78%
AREI.CA	608.98		4.10%		76%
LCSW.CA	80.49		-2.10%		72%
ZEOT.CA	5.25		1.20%		66%
RAYA.CA	14.89		0.90%		57%
GSSC.CA	77.1		-3.70%		56%
NASR.CA	21.58		3.00%		54%
DAPH.CA	44.9		1.80%		48%
SKPC.CA	22.87		3.00%		24%