News Scan📰 GB Auto dipped almost 32% throughout March, with most of the dip coming in the last week. The dip can be attributed to one General Assembly meeting which relieved the board members of their duties, as well as proposed major dividends for the year-ended 2021.
Top Picks Additions & Removals🔄 April saw some major reshuffling. Misr Fertilizers “MOPCO” (MFPC) makes its Top Picks at number one with a 4.68/5.00 Thndr Score, replacing last month’s Top Pick ADIB, which dropped to the fourth position. Other new entrants included Emaar & Orascom Development, which came in at second & third, respectively, with strong Thndr Scores. CI Capital & Cleopatra Hospitals round-up April’s new entrants, while EAST, FWRY, CIRA, & OLFI all kept their places in our Top Picks.
April Bottom Picks📉
10-Month Top Picks Performance📈 We tracked the performance of the companies that were included in our past ten months’ picks. If you had invested equally in the past ten months’ top picks, you would have made a 6.04% return vs a 9.75% return on the EGX30.