EGYPTIAN STOCK EXCHANGE

Transcription

1 EGYPTIAN STOCK EXCHANGE 10/2/2013 EGX100 Current Strategy Overview Rating Updated on 05/02/13 HOLD Upgraded from Reduce 6 Day at Current Rating -0.18% % Ch. Since last Rating 383, Market CAP (M.) 0.05% Daily %Ch. 0.00% Weekly %CH.* 1.35% Yearly %CH.* OPEN HIGH LOW CLOSE Summary & Forecast EGX100 gained weekly points orp2.65%, to close at Key Points R2 850 Although the positive signals that appeared in the market during last week, the index is still trading under a bearish trend line and its averages suggests that the index next move will be a sideway. Also, technical indicators does not confirm a direction for the next move but rather implies a future sideway range. EGX100 ihas formed very important support area 790 and 800 point which in case it broke to the down side, the general strategy will be reduce either to reduce or sell rallies according to the volume of the break. R1 825 Close S1 768 S2 745 Stop loss 768 CODE NAME LAST Status Reward Recommendation OTMT Orascom Telecom Media &Technology Ho0.62 HOLD % 6% As we are expecting a sideways between 790 point and 825 point, it is best to apply the sideways strategy by UEGC Upper Egypt Contracting 1.24 HOLD % 9% buying dips near the support and selling rally near the OCDI Six of October Development & Investment21.22 HOLD % 8% resistance. ABRD Egyptians Abroad for Investment & Develo5.41 T-REACHED* % 0% The short-term stop-loss level is 790 point; while medium-term stop-loss is 770 point. ACGC Arab Cotton Ginning 4.24 HOLD % 6% Walid Khalil, MFTA, CFTe, CETA wkhalil@efg-hermes.com SWING TRADING ELKA ESGI El Kahera Housing 6.35 Egyptian Starch & Glucose The given target for a long position is reached. ±2% HOLD 9.15 HOLD % 8% 10% 9% - -

2 CODE NAME REAL ESTATE LAST EHDR Egyptians Housing Development & Recon 3.29 CLOSED Equal % 8% 8% 8% 10% 14% % 9% 9% 6% 10% 6% BIOC Glaxo Smith Kline CLOSED STATUS REWARD ST-Trend Sup. Res. MT-Trend Performance Against EGX100 ELKA El Kahera Housing 6.35 HOLD Outperforming ELSH HELI MNHD NRPD OCDI PHDC TMGH UNIT Heliopolis Housing CLOSED - - CONSTRUCTION & MATERIALS ARVA DCRC EDBM GGCC OCIC SCEM SVCE UEGC El Shams Housing & Urbanization 3.76 CLOSED Equal 3.65 Low Equal High Medinet Nasr Housing CLOSED Outperforming National Real Estate Bank for Developmen CLOSED Underperforming Six of October Development & Investment HOLD Equal Palm Hills Development Company 2.50 HOLD Equal 2.41 T M G Holding 4.28 CLOSED Equal 4.12 United Housing & Development 9.08 CLOSED Outperforming Healthcare and Pharmaceuticals MEPA Arab Valves Company Delta Construction & Rebuilding Egyptian for Developing Building Materials Orascom Construction Industries (OCI) South Valley Cement Orascom Telecom Holding (OT) 1.85 CLOSED 6.87 CLOSED CLOSED CLOSED 4.60 CLOSED ETEL Telecom Egypt HOLD Advanced Pharmaceutical Packaging Co. Medical Packaging Company 4.48 CLOSED 0.62 HOLD 9.07 CLOSED 1.16 CLOSED Underperforming Underperforming Underperforming Giza General Contracting CLOSED Outperforming Equal Sinai Cement CLOSED Underperforming Equal Upper Egypt Contracting 1.24 HOLD Underperforming Telecommunications ORTE OTMT APPC Orascom Telecom Media &Technology Ho Equal Outperforming Outperforming Underperforming Equal Underperforming

3 CODE NAME LAST Banks COMI Commercial International Bank (Egypt) CLOSED ASCM Asek Company for Mining - Ascom CLOSED Outperforming EGTS Egyptian for Tourism Resorts 1.10 HOLD Chemicals EGCH 10% 7% 10% 12% 5% 8% 9% 5% Egyptian Chemical Industries (Kima) CLOSED Underperforming SKPC Sidi Kerir Petrochemicals CLOSED SMFR CIEB Credit Agricole Egypt CLOSED Equal Equal Equal Samad Misr -EGYFERT 6.21 CLOSED Underperforming STATUS REWARD ST-Trend Sup. Res. MT-Trend Performance Against EGX100 DEVE National Development Bank 7.05 CLOSED Outperforming Low High NSGB National Societe Generale Bank (NSGB) CLOSED Equal SAUD Al Baraka Bank Egypt CLOSED Outperforming UNBE Union National Bank 5.13 CLOSED Equal Basic Resources ESRS Ezz Steel HOLD Equal IRON Egyptian Iron & Steel CLOSED Outperforming Industrial Goods,Services and Automobiles ALCN Alexandria Container & Goods CLOSED ELEC Electro Cable Egypt 0.77 CLOSED Equal AUTO GB Auto CLOSED Equal CSAG Canal Shipping Agencies CLOSED Outperforming SWDY ELSWEDY ELECTRIC Underperforming ENGC Engineering Industries (ICON) 5.32 CLOSED Underperforming ETRS Egyptian Transport (EGYTRANS) HOLD Travel & Leisure Equal CLOSED Equal Underperforming AMER Amer Group Holding 0.63 HOLD Underperforming EFIC Egyptian Financial and Industrial 9.84 CLOSED Equal RTVC Remco for Touristic Villages Construction 2.42 CLOSED Equal

4 CODE NAME LAST Financial Services excluding Banks Food and Beverage PRCL Ceramic & Porcelain 16% 0% 5% 6% INFI Ismailia National Food Industries CLOSED Equal JUFO Juhayna Food Industries 8.74 CLOSED Technology & Media Personal and Household Products APSW ARAB POLVARA SPINNING & WEAVING C Equal AMIA Arab Moltaka Investments Co CLOSED Equal EKHO Egyptian Kuwaiti Holding 1.28 CLOSED IFAP International Agricultural Products 3.46 CLOSED Equal 9% 6% KABO El Nasr Clothes & Textiles (Kabo) 0.74 CLOSED Equal 4.30 CLOSED SPIN Alexandria Spinning & Weaving (SPINALE 1.15 CLOSED Equal ABRD Egyptians Abroad for Investment & Develo 5.41 T-REACHED* Outperforming PIOH Pioneers Holding 4.73 CLOSED Outperforming ELNA El Nasr For Manufacturing Agricultural Cro CLOSED Underperforming ISMA Ismailia Misr Poultry 4.56 CLOSED Underperforming 8.83 Outperforming 8.59 RAYA Raya Holding For Technology And Commu 5.55 CLOSED Outperforming MPRC Egyptian Media Production City 3.74 CLOSED Outperforming ACGC Arab Cotton Ginning 4.24 HOLD Outperforming CCAP Citadel Capital - Common Shares 3.95 HOLD Outperforming HRHO Egyptian Financial Group-Hermes Holding CLOSED Equal EPCO Egypt for Poultry 2.28 CLOSED Outperforming MILS North Cairo Flour Mills CLOSED Underperforming SNFC Sharkia National Food 5.58 CLOSED Outperforming MPCO Mansourah Poultry CLOSED Underperforming ZEOT Extracted Oils 0.95 CLOSED Outperforming STATUS REWARD ST-Trend CLOSED Outperforming Sup. Res. MT-Trend Performance Against EGX100 Low High AFDI El Ahli Investment and Development 9.06 CLOSED Equal Underperforming

5 Report Guidelines for Managing Positions CLOSED Waiting for new buy signal. BUY Open a new long position with all the desired amount. BUY DIPS Open a new long position in downward corrections. ACCUMULATE Open a new long position with portion of the desired amount. HOLD Do not close or sell current position / Do not initiate new positions. REDUCE Sell a portion of a position SELL Sell the full position. SELL RALLIES Close long positions in upward corrections. - Activate the Stop Loss & wait for a new buy signal. T-REACHED* The given target for the long position is reached. ±2% TSP* The trader is recommend to realize a portion of profits. Open Trade Information The price level at which when broken down it is best advised to exit the open position. It is best advised to reduce a portion of the position whenever a price target is reached. STATUS This cell is activated once the target is achieved or the strategy is updated without reaching the target level. The percentage from the current price to the stop-loss level. REWARD The percentage from the current price to the target level. Trend Information ST-TREND The short term trend of the security within a period less than 1 month. MT-TREND The medium term trend of the security within a period between 1 to 3 months. SUP. The first support price level which expected to hold declines in an uptrend. RES. The first resistance price level which expected to hold rallies in a downtrend. Performance Against EGX100 This column shows the share performance against the EGX100 index during the last 5 trading sessions. LOW The expected low for the session and can be used as a guide for buying level. HIGH The expected high for the session and can be used as a guide for selling level.

6 EGYPT SALES TEAM Local call center Int l call center UAE SALES TEAM call center KSA SALES TEAM call center Technical Analysis Desk egyptetrade@efg-hermes.com uaerequests@efg-hermes.com ksa-callcenter@efg-hermes.com hsbtechnicalanalyst@efg-hermes.com Investments Disclaimers This report has been prepared according to the general data available for public, in accordance with the professional standards applied in that career to the best knowledge of the reporter. The recommendations mentioned are a guiding tool representing a professional opinion, and not granting any profits, consequently it is not obligatory for our valued customers and investors. EFG Hermes shall not be liable for any direct, indirect, incidental, or consequential damages, including limitation losses, lost revenues, or lost profits that may result from these materials. Republishing this report or any of its contents is subject to prior approval; referring to the source is a must. Opinions expressed are subject to change without notice and may differ or be contrary to the opinions or recommendations of EFG-Hermes Investment Research or the opinions expressed by other business areas or groups of EFG-Hermes as a result of depending solely on the historical technical behavior (price and volume). EFG-Hermes may, as principal or agent, have position in, underwrite, buy or sell, enter into derivatives transactions in relation to any financial instrument or asset referred to in this .