The trading session today, Wednesday, witnessed a strong performance, as the shares of the tourism and financial services sectors topped the highest list, in light of the optimism between local investors.
The noticeable altitudes achieved by some shares indicate an active wave supported by seasonal expectations, strategic developments in some companies, and increased liquidity in the market.
Egyptian for tourist resorts
The share of “Egyptian Tourist Resorts” recorded the highest rate during the session, as it jumped from a previous closure price at 7.87 Egyptian pounds to 9.44 Egyptian pounds, and this remarkable increase is linked to positive expectations related to the summer tourism season, along with new developments in the company’s projects.
Talease for financing rental
The company “Talease” came in second place in terms of performance, as its share increased from 4.98 Egyptian pounds to 5.50 Egyptian pounds, and this type of shares associated with financing activity usually witnesses momentum when there are indications of expansion in granting loans besides facilities for small and medium enterprises, and the high percentage reflects an increasing interest in this stock, which is characterized by the size of medium trading and level A relatively limited risk compared to startups.
Orascom Financial Holding
The share of “Orascom Financial Holding” increased from 0.435 pounds to 0.476 pounds, which is a small rise in nominal value, as the shares of companies with low price are usually the target of a rapid speculation movement, as the company is working in providing various financial services.
MM Group for Industry and Trade
The “MM Group” shares rose from 7.90 pounds, to 8.46 pounds, a moderate movement compared to other companies, but it reflects the stock confidence, and the company works in distributing electronics and providing commercial services, which makes it from the shares directly related to local consumption, which raises their attractiveness in light of the stability of the exchange rate and improvement rates in the Egyptian market.
Alexandria Medical Services
“Alexandria Medical Services” shares closed at 22.95 pounds compared to 21.58 pounds, in the previous session, and the medical sector is still a strong momentum, especially in companies that provide specialized services and target high segments of customers.
Performance analysis
The session today showed a state of optimism in the Egyptian market, especially in the sectors of tourism, financial services and commercial distribution, as investors are heading towards high -liquidity stocks and relatively low prices to achieve rapid gains.
And if this positive momentum continues in the Egyptian market, it is expected to see other ascension waves of shares in the same categories, especially in light of the relative improvement in the indicators of the total economy and the stability of the exchange rate, but it is important that the future performance is based on strong financial results and not only on the speculation.
