The EGX 30 index closed at 5,694.01 points, up 0.29% on low trading volume, while the EGX 70 index fell 0.25%. Trading strategies are provided for various stocks, most commonly holding positions but also accumulating, trading within ranges, or taking profits. The EGX 30 has outperformed the EGX 70 year-to-date, though the EGX 70 has performed better in recent months. Traders are advised to focus on the outperforming EGX 70 index while closely managing risks.
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EGX (30) Index: Trend Close CHG % CHG S/L 03-Oct-13
The EGX 30 index closed at 5,694.01 points, up 0.29% on low trading volume, while the EGX 70 index fell 0.25%. Trading strategies are provided for various stocks, most commonly holding positions but also accumulating, trading within ranges, or taking profits. The EGX 30 has outperformed the EGX 70 year-to-date, though the EGX 70 has performed better in recent months. Traders are advised to focus on the outperforming EGX 70 index while closely managing risks.
The EGX 30 index closed at 5,694.01 points, up 0.29% on low trading volume, while the EGX 70 index fell 0.25%. Trading strategies are provided for various stocks, most commonly holding positions but also accumulating, trading within ranges, or taking profits. The EGX 30 has outperformed the EGX 70 year-to-date, though the EGX 70 has performed better in recent months. Traders are advised to focus on the outperforming EGX 70 index while closely managing risks.
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EGX (30) Index: Trend Close CHG % CHG S/L 03-Oct-13
The EGX 30 index closed at 5,694.01 points, up 0.29% on low trading volume, while the EGX 70 index fell 0.25%. Trading strategies are provided for various stocks, most commonly holding positions but also accumulating, trading within ranges, or taking profits. The EGX 30 has outperformed the EGX 70 year-to-date, though the EGX 70 has performed better in recent months. Traders are advised to focus on the outperforming EGX 70 index while closely managing risks.
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03-Oct-13
Trend
EGX(30) Index
Close 5,694.01
Chg 16.31
% Chg 0.29%
S/L 5,500
Daily Trading Stocks Stock Name
Reuters Code COMI ADIB SAUD ESRS ASCM SKPC EFIC MICH SVCE UEGC GGCC EKHO HRHO CCAP PIOH JUFO IFAP
Banks Commercial International Bank Abu Dhabi Islamic Bank Al Baraka Bank
Basic R esources El Ezz Steel Rebars Asek Company for Mining
Chem icals Sidi Kerir Petrochemicals Egyptian Financial & Industrial Misr Chemical Industries
Construction & Building M aterials
South Valley Cement Last session, EGX(30) Index closed at (5,694.01) gaining 16.31 points nearly 0.29% on low volume recording (51,814,658) shares. Upper Egypt Contracting Giza General Contracting
Financial Services excluding Banks
"The Bulls are awake but reluctant"........................................................... The session closed on a positive note. Another up day with low volume. EGX(30) is currently trading below (5,800 - 6,000) resistance zone. Our analysis implies that on the near term horizon, EGX (30) may continue to trade within the (5,300 5,800) zone. Egyptian Kuwaiti Holding Egyptian Financial Group Citadel Capital Pioneers holding
Food I ndustry & M ills
Juhayna Food Industries International Agricultural Products
Traders are advised to keep track of Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss. Trend Med Term From 3 to 9 Months. Short Term From 3 to 6 Weeks. Near Term Up to 3 Weeks. Trends are updated on Sundays Trend is up. Trend is down. Trend is flat.
The recommendations in this report are subject to change without prior notice. Trading Triggers Short term (Support / Resistance). S/L Stop/Loss, A price level when violated downwards, i.e. One day close below that level, it's best to EXIT current position. Last Closing price of the previous day "Last Trade". Strikethrough Targets (R1/R2) or (S1/S2) achieved (+/- 1%). Underline New Update. Page 1 of 2
Buy Sell Buy Dips Sell Rallies Hold
Trading Strategy Buy close to support. Sell close to resistance, S/L level not provided. Buy downward corrections. Sell upward corrections, S/L level not provided. Hold on current position AND track Stop/loss levels.
Accumulate Reduce Trade Range S/L Hit
Buy part of position. Current price offers a short term trading opportunity, Sell Part / Re-Buy within S1/S2. Trade suggested triggers. Apply Stop Loss & wait for a new buy signal.
Take Profit Closed
Price is within R1/R2 range, Sell All / Part.
Waiting for new signal, S/L level not applicable.
Normalized Relative Strength Analysis "YTD"
Daily Trading Stocks Stock Name El Sewedy Cables Maridive & Oil Services Co. Egyptian Electrical Cables Canal Shipping Agencies Real Estate T M G Holding Six of October Dev. & Inv. Co. (SODIC) Palm Hills Development Heliopolis Housing El Kahera Housing & Development United Housing & Development Egy. Housing Dev. & Reconstruction
Reuters Code SWDY MOIL ELEC CSAG TMGH OCDI PHDC HELI ELKA UNIT EHDR ELSH GTHE ETEL OTMT RAYA ACGC APSW SPIN
Suggested Trading Strategy Closed Accumulate Hold Closed Hold Hold Closed Closed Closed Hold Hold Hold Hold Closed Trade Range Take Profit Closed Reduce Closed
Last session, EGX(30) Index closed at (5,694.01) gaining 16.31 points nearly 0.29%, EGX(70) Index closed at (493.42) losing 1.23 points nearly 0.25%.
El Shams Housing & Urbanization Telecommunications & Technology Global Telecom Holding Telecom Egypt Orascom Telecom Media & Tech. Raya Holding For Technology Textiles Arab Cotton Ginning Arab Polvara Spinning & Weaving Alex. Spinning & Weaving (SPINALEX)
EGX(30) index (YTD) is outperforming EGX(70) (middle panel). Nonetheless, on the medium / short term horizons (QTD & MTD) EGX(70) is the outperformer (lower panel). Accordingly, traders are advised to focus on "EGX(70)", unless exclusively recommended, while keeping track of Stop / Loss levels and taking all necessary action to protect profits / reduce loss.
Relative strength analysis using EGX(30) as the base index, provides valuable information required for proper stock allocation. Trend Med Term From 3 to 9 Months. Short Term From 3 to 6 Weeks. Near Term Up to 3 Weeks. Trends are updated on Sundays Trend is up. Trend is down. Trend is flat.
The recommendations in this report are subject to change without prior notice. Trading Triggers Short term (Support / Resistance). S/L Stop/Loss, A price level when violated downwards, i.e. One day close below that level, it's best to EXIT current position. Last Closing price of the previous day "Last Trade". Strikethrough Targets (R1/R2) or (S1/S2) achieved (+/- 1%). Underline New Update. Page 2 of 2
Buy Sell Buy Dips Sell Rallies Hold
Trading Strategy Buy close to support. Sell close to resistance, S/L level not provided. Buy downward corrections. Sell upward corrections, S/L level not provided. Hold on current position AND track Stop/loss levels.
Accumulate Reduce Trade Range S/L Hit
Buy part of position. Current price offers a short term trading opportunity, Sell Part / Re-Buy within S1/S2. Trade suggested triggers. Apply Stop Loss & wait for a new buy signal.
Take Profit Closed
Price is within R1/R2 range, Sell All / Part.
Waiting for new signal, S/L level not applicable.
Research Team Head of TA Research Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
Sales Team Head of Sales Yasser Alaa Tel: 02-27929041 Email:[email protected] Gulf Sales Tamer Safwat Tel: 02-27929042 Email:[email protected] Institutional Sales Mohamed Mounir Tel: 02-27929043 Email:[email protected]
