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Pharoslive Data Room

Hermes Last Index (.HRMSL) 1,295.65

The HRMSL last Index witnessed a selling pressure at the beginning of Wednesday’s session, but soon it managed to retrieve its losses and closed at 1,295 points.

For the third session on a row the Index is trying to remain above its key support level of 1,290 (see the red-dotted line), which coincides with 13,377 main support on EGX30 Index.

The consistency of trading above the latter support level is important for the index during the upcoming sessions and increase the likelihood to resume its rebounding trials just below its downtrend line (see the dotted-green declining slop and the green arrows) which has been serving as moving resistance over the last three months.

Should bulls managed to violate the first minor resistance lies at 1,305 this will pave the way for the Index to retest the resistances 1,313 followed by 1,330 (coincides with 13,800-14,000 the previous broken supports on EGX30) at which the selling pressure is expected to reappear.

Accordingly, we still keep our past view that any rise will be seen as a temporary rebound on the short-term, and should be treated as chances for reducing existing exposure only at better price levels.

Market Chart

Market Chart

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Market Indices

EGX30 0.00 ▼-94.01 0.69%

EGX70 0.00 ▼-0.9 0.17%

EGX100 0.00 ▼-3.77 0.27%

Investor Distribution

Investor Type Buying Buy % Selling Sell % Net Value
Individuals 0.00 % 0.00 % 0.00
Institutions 0.00 % 0.00 % 0.00
Investor Type Buy Value % Buy Sell Value % Sell Net Value Net Percentage
Arab 0.00 0% 0.00 0% 0.00 0%
Foreign 0.00 0% 0.00 0% 0.00 0%
Domestic 0.00 0% 0.00 0% 0.00 0%

Market Breadth

ADVANCED 0
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0.0%
DECLINED 0
Warning: Division by zero in C:\EDATA\PHAROS_LIVE\wp-content\themes\basictheme\page-data-room.php on line 280
0.0%
UNCHANGED 0
Warning: Division by zero in C:\EDATA\PHAROS_LIVE\wp-content\themes\basictheme\page-data-room.php on line 285
0.0%
TOTAL 0

Market Data

Name Last Change % Change T/O (Mn) Volume (Mn)

Block Trade

Share Name Qty Value EGP