Egyptian Market, Earnings Week

Bad 1Q Earnings

Bad Earnings is the title of this week, most companies released it’s reports and statements this week without any surprise, we were predicting those results after the crisis but the surprise was in the banks and Maridive (MOIL.CA),

the banks sectors made new record that beat the report of the first quarter for 2008 and this was big surprise after all this bad news from the western banks, but for Maridive, it recorded a decline in profits which was unexpected by major analysts

some of the results released this week:

Banks

• Export Development Bank of Egypt (EDBE): 19% decline (197M EGP / 244M EGP)
• El Watany Bank of Egypt (WATA): 3.4% growth (103M EGP / 99M EGP)
• CIB, Commercial International Bank (COMI): 1.4% growth (471M EGP / 465M EGP)
• National Societe Generale Bank (NSGB): 50.7% growth (312M EGP / 207M EGP)

Others

• Sidi Kerir Petrochemicals (SKPC): 53.2% decline (140M EGP / 299M EGP)
• Orascom Construction Industries (OCIC): 46% decline (105M USD /197M USD)
• Egyptian Financial & industrial (EFIC): 84.2% decline (15M EGP / 96M EGP)
• El Ezz Aldekhela Steel (IRAX): 76.3% decline (185M EGP / 780M EGP)
• Mobinil (EMOB): 23.3% growth (576M EGP / 467M EGP)
• EFG Hermes Holding (HRHO): 59.8% decline (140M EGP / 349M EGP)
• Delta Sugar (SUGR): loss in 1Q09 (-16M EGP / 127M EGP)
• Telecom Egypt (ETEL): 72.4% growth (962M EGP / 558m EGP)
• Oriental Weavers (ORWE): 14.4% growth (107M EGP / 94M EGP)
• Palm Hills Development Company (PHDC): 65.8% decline (61M EGP / 175M EGP)
• Maridive & Oil Services (MOIL): 16.4% decline (23.4M USD / 28M USD)
• International Agricultural Products (IFAP): record 69% decline (6.6M EGP / 21M EGP)
• Suez Cement (SUCE): 0.9% decline (355M EGP / 358M EGP)
• Olympic Group Financial Investments (OLGR): 55.8% decline (30.5M EGP / 69M EGP)
• Delta Industries (IDEA): 49.3% decline (37M EGP / 73M EGP)
• Helwan Cement (HCCO): 1.4% decline (160M EGP / 162M EGP)
• National Cement (NCEM): 13.8% decline (149M EGP / 173M EGP)
• El Wadi for Exporting Agricultural Products (WACE): 32.6% decline (5.5M EGP / 8M EGP)
• Egyptians Abroad for Investment & Development (ABRD): 71% decline (4.8M EGP / 16.8M EGP)
• Egyptians Housing Development (EHDR): 87.4% decline (1M EGP / 8M EGP)
• Rowad Tourism (ROTO): 66% decline (1M EGP / 3M EGP)
• Sheeni (PRCL): 19.2% decline (3M EGP / 3.8M EGP)

Alco, Maridive & Sheeni for today

Today 4 orders triggered from the pending orders list

as in the list we were monitoring those the performance of those stocks on some levels

Alco (RREI) has run today and hungry orders that cause impulsive breakout on both levels 2.9, 3.45

we catch both of them 300K shares @ 2.9 and 15.5K @ 3.4 another order waiting @ 3.9, the current SL 2.9

always take care with any trade in the OTC market

Maridive too (MOIL) did great job today but we must take care in this cuz one of the main holders (EFG Hermes) are getting out of it

we are in it @ 3.1 with 88.3K shares and current SL @ 2.8

Sheeni (PRCL) did what we waiting for the past two sessions, the breakout of 9.35 was great today

we catch it with 78.6K shares, other additions pending @ 11.25, 13.15 respectively

you can see others are doing great from the list but I didn’t have any interest in them like: IRON, EGAL, OCIC

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,

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%

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 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 Exchange 27-31July08 Wrap

Volume Leaders

Stock	Last		% change		% Vol		Notes
MCQE.CA	75.50		0.59%		1050%
$EGSA.CA	5.94		16.02%		274%
EHDR.CA	8.57		5.67%		133%
SUGR.CA	32.07		-0.37%		129%
$AIVC.CA	1.00		-10.71%		72%
MFSC.CA	7.74		-4.21%		70%
ALUM.CA	63.60		-3.20%		63%
MILS.CA	57.82		3.25%		63%
NRPD.CA	36.30		-6.20%		48%
UNIP.CA	47.02		-8.52%		46%

All Time Low

Stock	% CHG	VOL %
AIVC.CA	-10.71%	21%
NAHO.CA	-6.36%	27%

Top & Worst Performers:

Stock % CHG VOL % $EGSA.CA 16.02% 274% ETRS.CA 15.66% 11% PPIS.CA 12.33% -24% AFDI.CA 10.15% -2% AREHA.CA 9.12% -38% IEEC.CA 8.26% -11% NMPH.CA 7.29% -4% ESGI.CA 7.12% -90% KZPC.CA 5.93% -75% EGAL.CA 5.67% -5% EHDR.CA 5.67% 133%

Stock % CHG VOL % OBMI.CA -35.90% 33% PRCL.CA -29.34% -10% AIUR.CA -25.73% -59% AREI.CA -19.18% 40% TRTO.CA -18.05% -79% NCGC.CA -17.24% -33% WACE.CA -14.40% -54% ALCN.CA -12.99% -21% CSAG.CA -12.72% 25% AALR.CA -12.04% -60% SNFI.CA -12.03% -72%

Egypt Weekly Wrap 20-24July08

congestion continued this week, Up, down, down, Up, ending almost flat with small drop

some stocks shows accumulation, but still vague view, remember the holiday in the middle of the week

Volume Leaders:

Stock	Last		% change		% Vol		Notes
UNIP.CA	51.40		-15.74%		255%
MILS.CA	56.00		51.35%		194%
AGIN.CA	1.18		1.72%		185%		OTC
MPCO.CA	30.40		-4.55%		140%
CEFM.CA	25.95		27.46%		90%
IDEA.CA	46.05		-4.06%		80%
GSSC.CA	47.01		23.71%		29%
SKPC.CA	18.36		0.33%		26%

The Mills Stocks shows unprofessional bids and some of the surges, may be its a short life run, let’s see

Best & Worst performers

Stock % CHG VOL MILS.CA 51.35% 194% $TRTO.CA 32.56% -55% ETRS.CA 27.85% 6% CEFM.CA 27.46% 90% WCDF.CA 25.44% 9% GSSC.CA 23.71% 29% AIUR.CA 14.11% -94% CSAG.CA 13.64% -36% ORHD.CA 13.31% -98% RTVC.CA 13.11% -51% AFMC.CA 12.20% 1%

Stock % CHG VOL $NAHO.CA -18.52% -22% PRCL.CA -17.75% -32% UNIP.CA -15.74% 255% IEEC.CA -12.01% -22% ALEX.CA -11.11% 101% SNFI.CA -10.25% -67% SNFC.CA -9.15% -63% ESGI.CA -9.15% -95% CERA.CA -8.96% -67% SCAR.CA -7.72% -35% AFDI.CA -7.04% -57%

WL Update: Cairo, 26 June08

The Active List:

Stock	Last	Signal	LL
ABUK.CA	$ 266.26	$ 278.00	$ 258.00

ABRD.CA

$ 119.69

$ 126.65

$ 110.00

ECMI.CA

$ 110.00

$ 120.00

$ 100.00

GMCI.CA

$ 84.75

$ 89.00

$ 80.00

watch the food sector after the useless rate rise and the Mills, rounding between them and the Poultry Stocks

care with the following and don’t rush WE ARE OFFICIALY IN DOWN TREND until any new events, wait for reversals or determine a reasonable targets

The Pending List: Updated

Stock

Last

Signal @

LL

ASCM.CA

$ 210.27

$ 226.89

$ 206.00

AFMC.CA	$ 34.03	$ 43.00	$ 34.00
CEFM.CA	$ 29.88	$ 36.00	$ 26.51

EDFM.CA	$ 38.50	$ 48.90	$ 38.00
EFIC.CA	$ 350.00	$ 359.00	$ 340.00

GSSC.CA	$ 54.38	$ 64.25	$ 52.00
MILS.CA	$ 52.01	$ 64.00	$ 48.00
NEDA.CA	$ 35.90	$ 38.70	$ 33.10
NMPH.CA	$ 44.80	$ 58.79	$ 44.00
PRCL.CA	$ 203.00	$ 222.80	$ 202.00
SCFM.CA	$ 158.88	$ 174.00	$ 125.00
UEFM.CA	$ 114.80	$ 125.50	$ 101.00
UEGC.CA	$ 4.46	$ 5.28	$ 4.33
WCDF.CA	$ 51.05	$ 62.90	$ 48.24

EHDR.CA	$ 14.05	$ 17.65	$ 14.00
ESRS.CA	$ 82.16	$ 87.98	$ 80.00
ETRS.CA	$ 32.10	$ 39.99	$ 31.75
IRON.CA	$ 47.00	$ 53.89	$ 44.00
MENA.CA	$ 23.95	$ 27.45	$ 23.50
NCGC.CA	$ 33.39	$ 39.70	$ 31.50
PPIS.CA	$ 53.00	$ 66.45	$ 53.00
RREI.CA	$ 12.48	$ 15.98	$ 11.11
RUBX.CA	$ 15.20	$ 19.17	$ 14.31
SKPC.CA	$ 20.61	$ 21.60	$ 20.41
SMFR.CA	$ 31.22	$ 35.30	$ 30.02
SVCE.CA	$ 32.35	$ 35.00	$ 30.41
SWDY.CA	$ 137.01	$ 141.88	$ 126.00

The Pending List contains the updated un-triggered stocks from the old list, with the updated lower W entries