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Exclusive - EGX Market MOVERS

We are introducing EGVEST EGX MOVERS, our monthly market performance metrics, starting with November 2022 stocks prices movement and the first two sessions of December 2022. the EGVEST EGX MOVERS is a periodical market snapshot that represents the market performance based on turnover and market cap.


*Scroll down to go directly to the performance lists.


Market Updates:-

  1. The recent economic reform progress presented in the currency flotation and its reflection on the stock market and the higher liquidity rate at the market.

  2. The Cabinet approves the final version of the state ownership policy document in preparation for submitting it to the President, an essential phase in the course of economic reform in Egypt, which could ease the way to the National IPO program.

  3. The governmental stocks are outperforming the market, which is in line with the positive outlook for the EGVEST EGX Market Survey, which took place earlier last November across top-tier market players.


How do We Build our Metrics?

  1. Based on high liquidity and a large market capitalization

  2. The first period where the performance measurement took place is from the last traded price of the last session of October 2022 to the last traded price of the last session in November 2022, and the second period is from the last session in November 2022 to the end of the second tradings session in December (4th of December ).

  3. The governmental stocks are meant to be owned/managed by the state.

  4. The average daily turnover for the stock is to be EGP +1 million.

  5. The stock market cap must not be less than EGP 1 Billion by the end of the measurement period.

  6. The stocks list doesn't include any USD stock.

  7. Stocks are presented based on a descending order of the percentage change for the stocks.


Results Highlights


  1. The results represent the first and second periods, as mentioned above.

  2. We found 65 stock that applies to our metrics, including 19 stocks representing state-owned companies.

  3. The state-owned companies represent most of the top 10 stocks by 7 stocks and 10 stocks out of 20 for the top 20 stocks list.

  4. Canal shipping agencies - CSAG outperformed the 67 stock by a +57% increase (the government owns CSAG through the holding company for maritime and land transportation).

  5. Egypt aluminum - EGAL shares scored a +30.05% after adjusting the price to the cash dividends distribution of EGP4.99. If we add the cash dividends to the last trading price of November to the stock, that will result in a +51.05% increase during November, coming in second place after CSAG.

  6. The market increase confirms the positive outlook of the top-tier market players during the "EGVEST EGX MARKET SURVEY", especially on the governmental companies, which are still dominant at the current rally.

  7. The increase during November was positively and aggressively reflected in the first 2 sessions of December, which is still a reflection of the current and the upcoming economic reform.



The Following Graphs represents the first period between the last traded price on October 31, 2022, until the last traded price on November 30, 2022.



*Top 20 stocks in terms of performance and highlighting the governmental and private sector stocks.



*The Full list of the 65 stocks is arranged from the top performer to the minor performer.

*The highlighted rows with green color represent the governmental stocks.


*The highlighted rows with green color represent the governmental stocks.



Disclaimer and terms of use apply


The data analysis in this report can't be used as investment advice under any means or a buy or sell recommendation for any asset or stocks; the report also can't be used as a method of valuation or financial valuation by any means of any investment decision. You shouldn't take any decision based on this report, and EGVEST, as a legal entity, isn't responsible by means of any financial gain or loss. The report only demonstrates the number for presentation purposes, not investment purposes. The calculations are done for presentation purposes and could include misleading data or a percentage of inaccurate data. That also include the website terms of use






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