Egyptian financial markets newsletter

EGYPT

BSS NEWS BITES ALERTS ISSUED FOR EGYPTIAN MARKET ON TUESDAY 8 AUGUST 2017

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Egyptian Market up 6.3 points or 0.07% to 8,941.1

BSS News Bites issued 20 Alerts on notable trading amongst the 176 Stocks traded on the Total Egyptian Market today, of which 11 (55%) were Bullish.

Of all the Alerts, the following were the most prominent in today's trading:

HEAVYWEIGHT MARKET LEADERS

+ Global Telecom, Egypt's largest telecommunication company by market capitalisation, has decreased 0.6% to trade at LE6.52 vs. the EGX 30 Index which weakened 5.6 points (or 0.04%) to 13,655.2. Representing a weighting of about 10.1% of the index, the stock accounted for the loss. The shares have underperformed 94% of the market in the past six months. Trading volume was 17% of average at the end of the day. Compared with the EGX 30 Index which fell 5.6 points (or 0.04%) in the day, this represented a relative price change of -0.6%.

+ Orange Egypt for Telecommunications (CA:OREG) has decreased 1.4% to trade at LE115.0 vs. the EGX 30 Index which weakened 5.6 points (or 0.04%) to 13,655.2. Representing a weighting of about 3.4% of the index, the stock accounted for the loss. Trading volume was 1.1 times average so far today.

SECTOR BULLS

+ Remco for Touristic Villages Construction (CA:RTVC) has climbed 5.1% to trade at LE3.49 vs. the Travel & leisure sector which strengthened 18.2 points (or 0.4%) to 4,224.0. Representing a weighting of about 4.3% of the sector, the stock accounted for 51.5% of today's gain. Trading volume was 4.0 times average so far today.

+ Abou Kir Fertilizers & Chemical Industries (CA:ABUK) has jumped 6.6% to trade at LE159.0 vs. the Chemicals sector which strengthened 231.9 points (or 2.4%) to 9,886.8. Representing a weighting of about 44.8% of the sector, the stock accounted for the gain. Trading volume was 3.2 times average so far today.

SECTOR BEARS

+ Egypt Aluminum, Egypt's largest basic resources company by market capitalisation, has decreased 0.6% to trade at LE86.76 vs. the Basic resources sector which weakened 12.7 points (or 0.3%) to 4,627.8. Representing a weighting of about 38.1% of the sector, the stock accounted for 87.3% of today's loss. Trading volume was 1.3 times average at the end of the day. Compared with the EGX 30 Index which fell 5.6 points (or 0.04%) in the day, this represented a relative price change of -0.6%.

+ Oriental Weavers (CA:ORWE) has decreased 1.0% to trade at LE18.50 vs. the Personal and household products sector which weakened 95.4 points (or 0.9%) to 10,995.9. Representing a weighting of about 79.7% of the sector, the stock accounted for 94.2% of today's loss. Trading volume was 8% of average so far today.

+ Misr Duty Free Shops (CA:MFSC) has decreased 1.6% to trade at LE5.61 vs. the Retail sector which weakened 57.2 points (or 0.7%) to 7,656.2. Representing a weighting of about 48.7% of the sector, the stock accounted for the loss. Trading volume was 70% of average so far today.

BSS News Bites alerted Unusual Rises in 1 Stock through the day:

HeadlineO/all Price Change52-Wk High
Ismailia Misr Poultry jumped 7.0% on extraordinary volume 08 August 2017 12:12 EET in the morning, closing 0.94% higher at LE2.1516.0 qirsh [8.04%]LE2.43

BSS News Bites alerted Unusual Falls in 1 Stock through the day:

HeadlineO/all Price Change52-Wk Low
Reacap Financial Investments tumbled 7.7% 08 August 2017 12:12 EET in the morning, closing recovered at LE4.604.0 qirsh [0.88%]LE2.10

BSS News Bites alerted 52-week Highs in 1 Stock through the day:

HeadlineLastO/all Price Change52-Wk High
Egyptian Transport and Commercial Services hits 52-week high third time in one month 08 August 2017 12:12 EET this morning, sinking sharply to close at LE10.11LE10.1156.0 qirsh [5.86%]LE10.27

BSS News Bites alerted 52-week Lows in 1 Stock through the day:

HeadlineLastO/all Price Change52-Wk Low
Egyptian Gulf Bank hits 52-week low twelfth time in one month 08 August 2017 12:12 EET75.0 qirsh-2.0 qirsh [-2.6%]LE1.09

BSS News Bites alerted Consecutive Rises in 3 Stocks through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Universal For Paper and Packaging Materials keeps rising: up 31.4% in 5 days 08 August 2017 12:12 EET, it closed at LE14.47LE14.47LE2.47 [20.58%]8
BPE Holding keeps rising: up 12.4% in 3 days 08 August 2017 12:12 EET, it closed at LE15.07LE15.0756.0 qirsh [3.86%]6.3
Egyptian Real Estate Group accelerates rise; now up 3.6% in 2 days 08 August 2017 12:12 EET, it closed at LE12.02LE12.02-9.0 qirsh [-0.74%]0.1

BSS News Bites alerted Consecutive Falls in 2 Stocks through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Sidi Kerir Petrochemicals down 2.7% in 2 days 08 August 2017 12:12 EET, it closed at LE18.39LE18.39-10.0 qirsh [-0.54%]0.2
Suez Bags keeps sliding: down 21.3% in 5 days 08 August 2017 12:12 EET, it closed at LE40.25LE40.25-391.0 qirsh [-8.85%]14.5

BSS News Bites alerted Significant uptrend in 2 Stocks through the morning:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Medical Packaging continued its significant uptrend; lifted 2.0% 08 August 2017 12:12 EET this morning and closed higher at LE1.04LE1.045.0 qirsh [5.05%]3.4
Egypt Aluminum continued its significant uptrend; lifted 2.3% 08 August 2017 12:12 EET this morning but closed lower at LE86.76LE86.76-54.0 qirsh [-0.62%]1.3

BSS News Bites alerted that 1 Stock outperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Delta For Printing and Packaging climbed 4.5% - outperforming 91% of stocks 08 August 2017 12:12 EET, it closed at LE9.20LE9.2017.0 qirsh [1.88%]3.6

BSS News Bites alerted that 1 Stock underperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Misr Chemical Industries dropped 3.5% - underperforming 99% of stocks 08 August 2017 12:12 EET, it closed at LE11.01LE11.01-39.0 qirsh [-3.42%]1.1