The results effect, EGX –3.3%

finally … the market did it and saw the reality of results

our chosen 53 basket of stocks which we always follow haven’t any advanced stock except BIOC.CA and 48 stocks record more than –3% today

all the active positions liquidated today except AITG.CA cuz the Up Gap and the stable performance, all of them closed in profit except ENGC loss of the half risk and CPCI closed at BE

this is the importance of tight stops in times like this

of course the pending orders list didn’t trigger any position today or gone near they entry points

many stocks will show Short tomorrow if the lows of today taken, some of them in the next table:

and the bad companies results continue today

• Beltone Holding dips 88% in 1H09 results
• October Pharma Egypt dips 43% in 1H09 results

The Weekly Wrap-up

you know what the market did already, another failure to hold and closing under 5,700

this point (5,700) deduced it’s power for three weeks until now

this 3 weeks congestion could be distribution sign as the bad history for congestions tell, so take care

see the EGX30 Index Chart

for the portfolio we didn’t liquidate any position this week and still hold 5 positions in 3 stocks

• the old one in GB Auto (AUTO) plus new addition to it 66940@18, 35050@20.25 respectively
• two positions in Maridive (MOIL) 78800@3.60, 78400@3.65 those two different pyramids
• one position in SODIC (OCDI) 20800@58.50

you can track how those positions created through the pending lists and commentary posts

new watchlist will be posted today for the next week watch in market continuation case

Maridive & SODIC Today

today 3 orders triggered, 2 in Maridive (MOIL) and one in SODIC (OCDI)

each of the Maridive positions are in separate pyramid @ $3.60 and @ $3.65 respectively

and SODIC triggered @ EGP 58.50

trial you SL and protect the profits and take care, the view isn’t clear until now

refer to the pending orders list posted earlier

Today’s Volumes

Up in Volume and price

AUTO.CA  255%
AREI.CA   235%
AMOC.CA  234%
OCDI.CA   223%
IDEA.CA    195%
CIEB.CA    166%
OLGR.CA   106%
MICH.CA    101%
PIOH.CA    84%

Egypt and UAE Markets SUN 28 SEP 08 Wrap

 

UP IN PRICE & VOLUME EGX MOIN.CA     498% SVCE.CA     343% DEIN.CA     102% ABRD.CA    98% OCDI.CA     88% INFI.OTC     87% HRHO.CA     72% NEDA.CA     54% RREI.OTC    54% ADX WAHA.ADX     707% ADCB.ADX     172% DFM UPP.DFM           66% TAMWEEL.DFM   43%

DOWN IN PRICE AND UP IN VOL EGX AFDI.CA     47% AMRI.CA     41% EGAL.CA     40% ADX ALDAR.ADX     50% DFM AGLTY.DFM     1917%

Egyptian Exchange Weekly Wrap 21-25 SEP 08

another correction week with lighter liquidity, the market drop -1.71% and some sectors outperformed this week like the chemicals, the foreign investors power selling do everything and even the local institutional cant help this market, wait for bounce after the bailout meeting decision today

Volume Leaders

Stock	Last		% change		% Vol
MCQE.CA	78.00		5.05%		258%
EGAL.CA	48.35		-22.05%		231%
OCIC.CA	311.00		2.57%		87%
AFDI.CA	37.78		2.08%		75%
SVCE.CA	9.70		-12.53%		62%
NRPD.CA	31.53		1.71%		55%
SWDY.CA	100.06		4.46%		53%
ETRS.CA	55.50		17.46%		40%

Best and Worst Performers

Stock % CHG VOL TRTO.CA 55.65% -82% MOIN.CA 34.87% -60% AMRI.CA 25.62% -99% PACH.CA 21.59% -89% AREHA.CA 19.93% -90% ICID.CA 19.40% -75% RREI.CA 17.57% -52% ETRS.CA 17.46% 40% ROTO.CA 16.74% -59% TORA.CA 14.76% 10% HDBK.CA 14.34% -8% SNFC.CA 13.75% -49% EGAS.CA 10.88% -70% INFI.CA 10.53% -69% OLGR.CA 10.46% -52%

Stock % CHG VOL AALR.CA -43.78% -84% ECMI.CA -26.90% -91% AJWA.CA -25.21% -91% PRCL.CA -22.88% -23% FOAM.CA -22.58% -95% EGAL.CA -22.05% 231% IFAP.CA -19.15% -52% EPCO.CA -17.95% -29% MENA.CA -16.13% -71% OCDI.CA -14.35% -70% GMCI.CA -13.49% IDEA.CA -13.33% -7% KZPC.CA -12.62% -60% SVCE.CA -12.53% 62% ACRO.CA -11.08% -71%

Egypt & UAE Volumes, MON 22 SEP 08

Green Stocks with Green Volume:

EGX EXPA.CA     248% EGAL.CA     176% EAST.CA     151% EFIC.CA      124% EMOB.CA     123% SWDY.CA    104% EKHO.CA     103% CSAG.CA     67% RREI.OTC    50% GSSC.CA     49% ETRS.CA     47%

ADX ADAVIATION.ADX     492% ADCB.ADX               339% SOROUH.ADX           338% ALDAR.ADX              258% ETISALAT.ADX          247% GCEM.ADX               96% FGB.ADX                  69%

 

Red Stocks with Green Volumes:

EGX AIVC$.CA     80% AFDI.CA       57% OCDI.CA      45%

ADX ARKAN.ADX       368% RAKPROP.ADX   131% ADIB.ADX          114% WAHA.ADX         102% RAKWCT.ADX     94% DANA.ADX         88%

DFM DU.DFM           291% UPP.DFM          224% EMAAR.DFM      184% DIB.DFM           167% DFMC.DFM          124% TABREED.DFM   92% TAMWEEL.DFM   90% GULFNAV.DFM   76%

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 14-18 SEP 08 … II

to look at the volume leaders, the neglected Eastern Tobacco showed undeclared deal in the last session and ranked the first in the weekly turnover sheet

the rest sheet is interesting!

all of them are the market blue chips and we can consider this a good bottoming sign …

as we saw in the prior week wrap the worst performers were also the blue chips which suggested what happened in this week, this can be another great suggestion by this great counts and tools

I hate to say expect or anticipate, cuz I strongly believe in that: there is no expectation in the financial markets, only following or proceeding without any expectations and guesses, this is how I saw earn my living in this business and what made me smile on any view for any newbie and if there is any expectation in this business then it’s expectation of continuation of the current case (current trend) only and nothing more, no reversal expectation or anything like this ..!

The week Volume Leaders

Stock	Last		% change		% Vol
EAST.CA	261.00		-13.00%		1270%
EXPA.CA	19.32		-10.80%		252%
EMOB.CA	95.50		-20.42%		139%
ABUK.CA	210.00		-9.53%		136%
CSAG.CA	15.93		-24.18%		132%
EGTS.CA	3.00		-20.00%		110%
COMI.CA	39.53		-10.97%		100%
OCDI.CA	115.00		-8.73%		67%
ORTE.CA	39.98		-11.16%		64%
OLGR.CA	33.83		-26.46%		50%
OCIC.CA	303.21		-13.40%		48%

Top/Worst Performers Table

Top Performers Stock % CHG VOL MEDU.CA 0.50% -12% DARY.CA -2.57% -86% EPPK.CA -2.60% -77% MBSC.CA -2.86% -21% MCQE.CA -3.57% -93% MRCO.CA -4.04% 6% EKHO.CA -4.18% -22% CIEB.CA -4.29% 40% SKPC.CA -6.00% -75% ETEL.CA -6.17% 9% SDTI.CA -6.71% 38% AMRI.CA -7.38% -80% PHAR.CA -7.41% -90% EGSA.CA -7.81% -77% BISM.CA -7.84% -1%

Worst Performers Stock % CHG VOL SNFC.CA -38.22% -39% NCEM.CA -38.17% -100% WATA.CA -35.21% -100% ICID.CA -33.85% -46% AREHA.CA -31.82% -63% IRON.CA -31.74% -30% EGAS.CA -31.44% 8% AREH.CA -30.72% -54% WACE.CA -30.37% -66% AFDI.CA -30.18% -9% IEEC.CA -29.27% -28% AFMC.CA -29.15% -54% UASG.CA -29.08% -55% RREI.CA -28.84% -43% SMPP.CA -28.58% -95%

Egyptian Exchange Weekly Wrap 14-18 SEP 08 … I

as any market in the world this week, MENA stocks tumbled very bad but dislike the other markets they closed the week ugly

EGX crashed -13.55%, ADX -7.53%, DFM -7.89%, TADAWUL -9.11%

when you speak about sectors and stocks also dislike the Europe, Asia and USA markets, MENA markets completely affected with the bad news, the whole markets collapses as the blue chips doing and didnt act the same on any run LOL

to see this look at the Egypt Exchange which has only one Green stock this week!(MEDU.CA +0.5%, illiquid stock), and you will see this in the Top/Worst performance sheet

also to count the week facts: 11 stocks made All Time Low, 30 stocks closed at OneYearLow, 22 stocks closed @ TwoYearsLow, 4 stocks at ThreeYearsLow, 3 Stocks @ FourYearsLow, and one stock closed at FiveYearsLow

with all means it was a very bad week and the action done in the last two sessions!

in EGX the most bad sectors were:

Real Estates (-18.68%) and this of course by the market big caps TMGH.CA, HELI.CA, OCDI.CA etc

the Industrial sector (-17.81%) win this score SWDY.CA, ALCN.CA, AUTO.CA, CSAG.CA

and if we can say there were a top performer stocks this week, we can say it was the Healthcare (-6.11%), Chemicals (-9.87%)

the change table