Egyptian stock alert


Afternoon Alert: ElSwedy Electric Company lifts 3.7%, leads market higher 21 January 2018 12:13 EET


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.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: ElSwedy Electric Company in its biggest weekly gain in 1 month January 18, 2018 14:30 EET

ElSwedy Electric Company (CA:SWDY), Egypt's largest Industrial Goods, Services & Automobiles company by market cap, has climbed LE12.44 (or 8.6%) in the past week to close at LE157.23. In the past week the shares have climbed 8.6%, the biggest weekly gain since December 14, 2017. Compared with the EGX 30 Index which rose 168.5 points (or 1.1%) in the week, this represented a relative price increase of 7.5%. This has been propped up by robust volume of 1.8 times average for the week. In the past week the market cap has risen LE2.7 billion.

1.2 5-day Recap

ElSwedy Electric Company outperformed the EGX 30 index in 4 out of 5 days.

DayHeadlineClose price [EGP]Price change %Relative change %Comment
ThursdayElSwedy Electric Company accelerates rise, up 9.2% in 2 days157.235.54.1Top Rise
WednesdayElSwedy Electric Company lifts 3.5%, 2 days' volume in a day149.013.52.8
TuesdayElSwedy Electric Company outperforming 89% of stocks144.000.2
SundayElSwedy Electric Company increases145.990.80.7


DayHeadlineClose price [EGP]Price change %Relative change %Comment
MondayElSwedy Electric Company decreases 1.4%, 3 days' volume in a day144.0-1.4-1.0Steepest Fall; VI=2.9

SECTION 2: Technical indicators


The positive 4.23 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.

In the last one month the stock has hit a new 52-week high twice and in the last three months fifteen times, pointing to a significant uptrend.

The price soared 11.7% in the last week and jumped 9.8% in the last month.

The present value of EGP1,000 invested one year ago is LE2,349 [vs LE1,207 for the EGX 30 Index], including a capital gain of LE1,088 and dividend reinvested of LE261. The total return to shareholders for 1 year is 134.9%.



The 1.2% discount to 12-month high of LE164.99 against the 115.9% premium to 12-month low of LE75.50 suggests the climb might be peaking.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US billion2In Top 4%
Price/MAP2001.59In Top 6%
52-week Range (in LE)75.5-165.0
1-month Range (in LE)142.0-165.0
Today's Volatility %4.4In Bottom Quartile
Bollinger Bands1.3Bearish

SECTION 4: Recent News of ElSwedy Electric Company

January 18: ELSewedy, Marubeni, and Masdar team up to incorporate 2 energy project

ArabFinance: ELSewedy Electric (SWDY) announced signing a preliminary agreement with Japan's Marubeni Corp. and Abu Dhabi Future Energy Co., also known as Masdar, in order to incorporate wind plant project in Suez Gulf with another project to generate electricity by wind power in Ras Gharib.


December 28 2017: ElSewedy Electric's unit wins contract to connect Borg El-Arab, Masra Matruh

ArabFinance: El Sewedy Electric's (SWDY) subsidiary, El Sewedy Electric for Trading & Distribution has won a contract with EETC - Egyptian Electricity Transmission Co. (EETC) on December 26, 2017, in order to connect Borg El Arab with Mersa Matruh with total length of 225 kilometers.


December 28 2017: ELSewedy Electric, Upper Egypt Elec. Distribution sign contract at $25m

ArabFinance: El Sewedy Electric (SWDY) announced in a statement sent to Egyptian Stock Exchange (EGX), Upper Egypt Electricity Distribution Company signed with El Sewedy Electric's subsidiary, Elsewedy Power System Projects to install mechanical and pipelines work to a steam power station with a capacity of 650 MW in Assuit.

Under the agreement, the project will be financed by OPEC Fund for International Development (OFID) with estimated value about $25 million.

December 26 2017: ElSewedy Electric's unit sign transformers station contract at LE477 m

ArabFinance: Egypt's El Sewedy Electric (SWDY), the leading integrated energy solutions provider in MENA, announced its subsidiary, El Sewedy Electric for Trading & Distribution sign contract on December 25, 2017, to set up transformers station with New urban Communities Authority (NUCA).

The company added in a statement sent to Egyptian Stock Exchange (EGX), the transformers station will be located in Badr 2 City, with a voltage of 22/66/220.

November 22 2017: LESewedy Electric negotiates with Electricity Ministry for new projects

ArabFinance: Egypt's El Sewedy Electric (SWDY) said in a statement sent to EGX on November 20, 2017, it has negotiated with Egyptian Ministry of Electricity to obtain 6 land plots to Build, Own, Operate (BOO) 6 100 MW Wind power stations by An independent power producer system.


ElSwedy Electric Company (CA:SWDY; CAI:SWDY; EY:SWDY)