Egyptian financial markets newsletter

EGYPT

BSS NEWS BITES ALERTS ISSUED FOR EGYPTIAN MARKET ON SUNDAY 21 JANUARY 2018

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Egyptian Market down 54.75 points or -0.51% to 10,720.91

BSS News Bites issued 24 Alerts on notable trading amongst the 174 Stocks traded on the Total Egyptian Market today, of which 8 (33%) were Bearish.

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 decreased 1.4% to trade at LE78.71 vs. the EGX 30 Index which weakened 71.1 points (or 0.5%) to 15,339.9. Representing a weighting of about 31.1% of the index, the stock accounted for 92.4% of today's loss. The shares have underperformed 90% of the market in the past six months. Trading volume was 36% of average at the end of the day. Compared with the EGX 30 Index which fell 71.1 points (or 0.5%) in the day, this represented a relative price change of -0.9%.

+ ElSwedy Electric Company (CA:SWDY) has lifted 3.7% to trade at LE163.0 vs. the EGX 30 Index which strengthened 45.9 points (or 0.3%) to 15,456.9. Representing a weighting of about 9.6% of the index, the stock accounted for the gain. The shares have outperformed 94% of the market in the past week. Trading volume was 70% of average so far today.

SECTOR BULLS

+ Orascom Hotels and Development, Egypt's largest travel & leisure company by market capitalisation, has lifted 3.7% to trade at LE26.50 vs. the Travel & leisure sector which strengthened 32.8 points (or 0.6%) to 5,384.4. Representing a weighting of about 23.2% of the sector, the stock accounted for the gain. The shares have outperformed 90% of the market in the past week. Trading volume was 83% of average at the end of the day. Compared with the EGX 30 Index which fell 71.1 points (or 0.5%) in the day, this represented a relative price increase of 4.2%.

+ Arab Cotton Ginning (CA:ACGC) has increased 1.5% to trade at LE6.18 vs. the Personal and household products sector which strengthened 64.1 points (or 0.6%) to 10,723.5. Representing a weighting of about 16.1% of the sector, the stock accounted for 39.6% of today's gain. Trading volume was 2.0 times average so far today.

SECTOR BEARS

+ Alexandria Portland Cement, Egypt's 4th largest construction and materials company by market capitalisation, has dropped 3.2% to trade at LE8.10 vs. the Construction and materials sector which weakened 8.9 points (or 0.2%) to 5,141.0. Representing a weighting of about 2.9% of the sector, the stock accounted for 55.1% of today's loss. The shares have underperformed 91% of the market in the past month. Compared with the EGX 30 Index which fell 71.1 points (or 0.5%) in the day, this represented a relative price change of -2.8%.

+ Misr Cement (CA:MCQE) has dropped 2.2% to trade at LE35.02 vs. the Construction and materials sector which weakened 1.8 points (or 0.04%) to 5,148.1. Representing a weighting of about 2.9% of the sector, the stock accounted for the loss. The shares have underperformed 96% of the market in the past week. Trading volume was 1.8 times average so far today.

+ Sues Canal Company For Technology Settling (CA:SCTS) has decreased 0.9% to trade at LE12.65 vs. the Technology sector which weakened 15.8 points (or 0.07%) to 21,257.7. Representing a weighting of about 12.8% of the sector, the stock accounted for the loss. The shares have underperformed 89% of the market in the past week. Trading volume was 2.4 times average so far today.

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

HeadlineO/all Price Change52-Wk High
Delta Insurance jumped 7.9% on robust volume 21 January 2018 12:13 EET in the morning, closing unchanged at LE19.0LE1.39 [7.89%]LE19.0

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

HeadlineO/all Price Change52-Wk Low
Alexandria New Medical Center plummeted 10.0% on high volume 21 January 2018 12:13 EET in the morning, closing unchanged at LE19.44-216.0 qirsh [-10%]LE15.23

BSS News Bites alerted 52-week Highs in 2 Stocks through the day:

HeadlineLastO/all Price Change52-Wk High
Egyptian Media Production City hits 52-week high seventh time in one month 21 January 2018 12:13 EET this morning, sinking sharply to close at LE8.79LE8.796.0 qirsh [0.69%]LE9.14
TransOceans Tours hits 52-week high eleventh time in one month 21 January 2018 12:13 EET this morning, sinking sharply to close at 7.0 qirsh7.0 qirsh-8.0 qirsh

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Nozha International Hospital keeps rising: up 34.0% in 3 days 21 January 2018 12:13 EET, it closed at LE83.18LE83.18LE7.56 [10%]0.2
Cairo Poultry keeps rising: up 16.1% in 3 days 21 January 2018 12:13 EET, it closed at LE9.90LE9.9016.0 qirsh [1.64%]0.4
El Ezz Porcelain (Gemma) accelerates rise; now up 5.0% in 2 days 21 January 2018 12:13 EET, it closed at LE6.75LE6.753.0 qirsh [0.45%]3.2
El Orouba Securities Brokerage up 6.2% in 2 days 21 January 2018 12:13 EET, it closed at 63.0 qirsh63.0 qirsh-2.0 qirsh [-3.08%]2.5

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Paints and Chemical Industries keeps sliding: down 7.0% in 3 days 21 January 2018 12:13 EET, it closed at LE42.0LE42.0-100.0 qirsh [-2.33%]2.7
Orange Egypt for Telecommunications keeps sliding: down 9.0% in 4 days 21 January 2018 12:13 EET, it closed at LE35.0LE35.0-303.0 qirsh [-7.97%]0.8
El Shams Housing & Urbanization keeps sliding: down 14.3% in 6 days 21 January 2018 12:13 EET, it closed at LE7.38LE7.38-41.0 qirsh [-5.26%]1.6

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Egyptian for Developing Building Materials continued its significant uptrend; climbed 4.0% 21 January 2018 12:13 EET this morning and closed higher at LE9.30LE9.3041.0 qirsh [4.61%]3.2

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Mansourah Poultry climbed 4.7% - outperforming 95% of stocks 21 January 2018 12:13 EET, it closed at LE8.09LE8.0949.0 qirsh [6.45%]3.8

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
United Housing & Development dropped 2.1% - underperforming 87% of stocks 21 January 2018 12:13 EET, it closed at LE6.05LE6.05-25.0 qirsh [-3.97%]1.2