We’re excited to share with you our top picks for October 2022!
Misr Chemical Industries (MICH) & Cairo for Real Estate Development (CIRA) both exited our top picks on the back of low trading volume, which makes the stock tougher to buy/sell. They were replaced by Egyptian Kuwaiti Holding (EKHO) & Delta Sugar (SUGR). Abu Qir Fertilizers (ABUK) continued to top the Electric Stocks list with a 4.72/5 Thndr Score.
Egypt Free Shops made it into October’s top ten picks, but we excluded it from the final list again on the basis of low trading volume.
News scan
All ten companies passed our news scan, where we scan for news that could potentially have negative sentiment effects on the stock.
Last month’s performance
September’s Electric Stocks fared better than the EGX30 during the same period, returning 1.81% versus a -1.71% return on the EGX30.
Performance since inception
We’ve been tracking the performance of our Electric Stocks, which uses a factor investing methodology, since its inception back in June 2021.
Since kicking off our Electric Stocks, if you had invested equally in each month’s picks you would have made a 7.90% return versus a -4.03% return on the EGX30 in the same period.
