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  • EGX30 Index (.EGX30) 20,213.70 (0.66%)
  • The EGX30 Index recorded a new high at 20,325 points on Sunday before witnessing some retreat and closed on a rise (0.66%) at 20,213 points.
  • Yesterday the Index continued to rise above the last week’s high at 20,264 points, the rise came on a weak market breadth, average volumes and lower number of advancing stocks, yet it failed to break above the latter level.
  • The EGX70 EWI Index closed on a slight decline at 3,828 points, since there was a clear performance variation among the stocks.
  • In this regard, short term investors are advised to adopt more conservative discipline and adhere to the protective stop levels for each stock.
  • The level of 19,676 points became a significant support level and a short term protective stop.
  • On the other hand, a confirmed break above 20,264 points would pave the way to 20,600 and 20,800 points.

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