Egyptian financial markets newsletter

EGYPT

BSS NEWS BITES ALERTS ISSUED FOR EGYPTIAN MARKET ON THURSDAY 19 OCTOBER 2017

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Egyptian Market up 5.73 points or 0.06% to 9,709.27

BSS News Bites issued 24 Alerts on notable trading amongst the 184 Stocks traded on the Total Egyptian Market today, of which 15 (62%) were Bullish.

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

HEAVYWEIGHT MARKET LEADERS

+ Commercial International Bank, Egypt's largest bank by market capitalisation, has increased 1.9% to trade at LE76.55 vs. the EGX 30 Index which strengthened 123.5 points (or 0.9%) to 13,713.6. Representing a weighting of about 32.4% of the index, the stock accounted for 68.8% of today's gain. Trading volume was 79% of average at the end of the day. Compared with the EGX 30 Index which rose 123.5 points (or 0.9%) in the day, this represented a relative price increase of 1.0%.

SECTOR BULLS

+ Egyptian International Pharmaceuticals Industries, Egypt's largest healthcare and pharmaceuticals company by market capitalisation, has jumped 6.8% to trade at LE125.0 vs. the Healthcare and pharmaceuticals sector which strengthened 865.4 points (or 5.2%) to 17,465.6. Representing a weighting of about 69.2% of the sector, the stock accounted for 90.9% of today's gain. Trading volume was 33% of average at the end of the day. Compared with the EGX 30 Index which rose 123.5 points (or 0.9%) in the day, this represented a relative price increase of 5.9%.

+ Pioneers Holding (CA:PIOH) has jumped 6.9% to trade at LE9.11 vs. the Financial services sector which strengthened 123.7 points (or 1.8%) to 7,198.0. Representing a weighting of about 9.1% of the sector, the stock accounted for 36.1% of today's gain. Trading volume was 4.1 times average so far today.

+ Raya Contact Center (CA:RACC) has jumped 9.9% to trade at LE14.50 vs. the Technology sector which strengthened 304.0 points (or 1.5%) to 20,691.7. Representing a weighting of about 16.6% of the sector, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week.

SECTOR BEARS

+ General Silos and Storage, Egypt's 2nd largest retailer company by market capitalisation, has decreased 1.0% to trade at LE41.80 vs. the Retail sector which weakened 23.4 points (or 0.3%) to 6,978.2. Representing a weighting of about 42.4% of the sector, the stock accounted for the loss. The shares have underperformed 84% of the market in the past month. Trading volume was 19% of average at the end of the day. Compared with the EGX 30 Index which rose 123.5 points (or 0.9%) in the day, this represented a relative price change of -1.9%.

+ Suez Cement, Egypt's largest construction and materials company by market capitalisation, has sunk 4.1% to trade at LE28.72 vs. the Construction and materials sector which weakened 18.0 points (or 0.3%) to 5,289.9. Representing a weighting of about 7.1% of the sector, the stock accounted for 84.8% of today's loss. The shares have underperformed 85% of the market in the past month. Trading volume was 14% of average at the end of the day. Compared with the EGX 30 Index which rose 123.5 points (or 0.9%) in the day, this represented a relative price change of -5.0%.

+ Egypt Aluminum, Egypt's largest basic resources company by market capitalisation, has sunk 4.6% to trade at LE121.33 vs. the Basic resources sector which weakened 125.0 points (or 2.1%) to 5,738.3. Representing a weighting of about 43.0% of the sector, the stock accounted for 93.2% of today's loss. The shares have underperformed 99% of the market in the past week. Trading volume was 7.9 times average at the end of the day. Compared with the EGX 30 Index which rose 123.5 points (or 0.9%) in the day, this represented a relative price change of -5.5%.

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

HeadlineO/all Price Change52-Wk High
Alexandria New Medical Center jumped 7.7% on strong volume 19 October 2017 12:12 EET in the morning, closing 2.31% higher at LE42.97LE3.96 [10.15%]LE50.0

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

HeadlineO/all Price Change52-Wk Low
Misr National Steel - Ataqa plummeted 10.8% 19 October 2017 12:12 EET in the morning, closing unchanged at LE15.47-187.0 qirsh [-10.78%]LE9.12

BSS News Bites alerted 52-week Highs in 3 Stocks through the day:

HeadlineLastO/all Price Change52-Wk High
Egyptian Chemical Industries hits 52-week high eighth time in one month 19 October 2017 12:12 EET this morning, sinking sharply to close at LE8.57LE8.57-14.0 qirsh [-1.61%]LE9.34
Al-Ahly for Development and Investment hits 52-week high third time in one month 19 October 2017 12:12 EETLE13.65LE1.64 [13.66%]LE13.65
Ismailia National Food Industries-Fodico hits 52-week high tenth time in one month 19 October 2017 12:12 EET this morning, closing markedly lower at LE11.75LE11.7559.0 qirsh [5.29%]LE11.77

BSS News Bites alerted Consecutive Rises in 4 Stocks through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Alexandria Flour Mills keeps rising: up 21.8% in 3 days 19 October 2017 12:12 EET, it closed at LE41.39LE41.39LE3.07 [8.01%]4
Six of October Development and Investment keeps rising: up 16.4% in 3 days 19 October 2017 12:12 EET, it closed at LE17.36LE17.3686.0 qirsh [5.21%]4.2
National Real Estate Bank for Development up 4.6% in 2 days 19 October 2017 12:12 EET, it closed at LE8.89LE8.8954.0 qirsh [6.47%]3.6
Citadel Capital accelerates rise; now up 3.1% in 2 days 19 October 2017 12:12 EET, it closed at LE1.32LE1.32-1

BSS News Bites alerted Consecutive Falls in 4 Stocks through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Gulf Canadian Real Estate Investment down 6.7% in 2 days 19 October 2017 12:12 EET, it closed at LE13.37LE13.37-43.0 qirsh [-3.12%]2.9
Arab Aluminum down 16.9% in 2 days 19 October 2017 12:12 EET, it closed at LE44.55LE44.55-369.0 qirsh [-7.65%]1.6
Natural Gas & Mining Project keeps sliding: down 22.4% in 4 days 19 October 2017 12:12 EET, it closed at LE218.0LE218.0-2,199.0 qirsh [-9.16%]0.6
El Nasr for Manufacturing Agricultural Crops accelerates slide; now down 6.6% in 2 days 19 October 2017 12:12 EET, it closed at LE9.70LE9.70-0

BSS News Bites alerted Significant uptrend in 1 Stock through the morning:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Misr Oils and Soap continued its significant uptrend; climbed 4.8% 19 October 2017 12:12 EET this morning and closed higher at LE27.98LE27.98LE2.78 [11.03%]3.3

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
General Co. for Ceramic and Porcelain lifted 3.1% - outperforming 91% of stocks 19 October 2017 12:12 EET, it closed at LE6.37LE6.37-3.0 qirsh [-0.47%]5.9

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Al Arafa for Investment and Consultancies sank 5.9% - underperforming 97% of stocks 19 October 2017 12:12 EET, it closed at 17.0 qirsh17.0 qirsh-0.1