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BSS NEWS BITES ALERTS ISSUED FOR EGYPTIAN MARKET ON THURSDAY 22 JUNE 2017

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Total Egyptian Market up 10.04 points or 0.12% to 8,470.73

BSS News Bites issued 22 Alerts on notable trading amongst the 171 Stocks traded on the Total Egyptian Market today, of which 19 (86%) 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 lifted 2.2% to trade at LE6.82 vs. the EGX 30 Index which strengthened 40.7 points (or 0.3%) to 13,417.1. Representing a weighting of about 11.6% of the index, the stock accounted for 86.6% of today's gain. The shares have outperformed 89% of the market in the past week. Trading volume was 65% of average at the end of the day. Compared with the EGX 30 Index which rose 40.7 points (or 0.3%) in the day, this represented a relative price increase of 1.9%.

SECTOR BULLS

+ Misr Cement (Qena), Egypt's 2nd largest construction and materials company by market capitalisation, has lifted 3.0% to trade at LE125.0 vs. the Construction and materials sector which strengthened 14.1 points (or 0.3%) to 5,139.7. Representing a weighting of about 5.2% of the sector, the stock accounted for 58.7% of today's gain. The shares have outperformed 99% of the market in the past week. Trading volume was 7% of average at the end of the day. Compared with the EGX 30 Index which rose 40.7 points (or 0.3%) in the day, this represented a relative price increase of 2.7%.

+ ElSwedy Electric Company, Egypt's 2nd largest industrial goods, services & automobiles company by market capitalisation, has increased 0.8% to trade at LE91.70 vs. the Industrial goods, services & automobiles sector which strengthened 32.2 points (or 0.3%) to 11,049.7. Representing a weighting of about 38.3% of the sector, the stock accounted for the gain. The shares have outperformed 83% of the market in the past week. Trading volume was 69% of average at the end of the day. Compared with the EGX 30 Index which rose 40.7 points (or 0.3%) in the day, this represented a relative price increase of 0.5%.

+ Misr Duty Free Shops, Egypt's largest retailer company by market capitalisation, has increased 0.9% to trade at LE4.71 vs. the Retail sector which strengthened 18.8 points (or 0.3%) to 6,690.8. Representing a weighting of about 46.8% of the sector, the stock accounted for the gain. Trading volume was 4.4 times average at the end of the day. Compared with the EGX 30 Index which rose 40.7 points (or 0.3%) in the day, this represented a relative price increase of 0.6%.

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

HeadlineLastO/all Price Change52-Wk High
Eastern Tobacco hits 52-week high fourteenth time in one month 22 June 2017 12:12 EET this morning, closing slightly lower at LE299.99LE299.99LE6.48 [2.21%]LE300.05
Cairo Pharmaceuticals hits 52-week high seventh time in one month 22 June 2017 12:12 EET this morning, sinking sharply to close at LE33.0LE33.0-50.0 qirsh [-1.49%]LE34.28
Misr Oils and Soap hits 52-week high third time in one month 22 June 2017 12:12 EET this morning, closing markedly lower at LE19.75LE19.75LE1.69 [9.36%]LE19.80

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Alexandria Portland Cement keeps rising: up 14.6% in 3 days 22 June 2017 12:12 EET, it closed at LE9.35LE9.3535.0 qirsh [3.89%]1.9
El Nasr Transformers keeps rising: up 6.6% in 3 days 22 June 2017 12:12 EET, it closed at LE6.34LE6.3410.0 qirsh [1.6%]1.9
National Real Estate Bank for Development up 4.3% in 2 days 22 June 2017 12:12 EET, it closed at LE7.80LE7.80-4.0 qirsh [-0.51%]0.2

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

HeadlineLastO/all Price ChangeVI (1 is avg.)
Tourah Portland Cement down 6.8% in 2 days 22 June 2017 12:12 EET, it closed at LE13.0LE13.0-94.0 qirsh [-6.74%]1.3

BSS News Bites alerted that 4 Stocks outperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
North Cairo Flour Mills increased 1.4% - outperforming 90% of stocks 22 June 2017 12:12 EET, it closed at LE30.20LE30.2062.0 qirsh [2.1%]0.2
Misr Conditioning lifted 3.8% - outperforming 83% of stocks 22 June 2017 12:12 EET, it closed at LE83.0LE83.0LE3.0 [3.75%]0.1
Acrow Misr increased 0.7% - outperforming 93% of stocks 22 June 2017 12:12 EET, it closed at LE74.0LE74.0LE1.49 [2.05%]0.4
Natural Gas & Mining Project increased 0.4% - outperforming 86% of stocks 22 June 2017 12:12 EET, it closed at LE125.25LE125.25LE2.80 [2.29%]1.3

BSS News Bites alerted that 2 Stocks underperformed on Relative Strength through the day:

HeadlineLastO/all Price ChangeVI (1 is avg.)
Egyptian Real Estate Group decreased 0.8% - underperforming 91% of stocks 22 June 2017 12:12 EET, it closed at LE11.27LE11.27-0.2
National Cement decreased 1.1% - underperforming 95% of stocks 22 June 2017 12:12 EET, it closed at LE7.60LE7.60-1.0 qirsh [-0.13%]0.2