EGX30 is set to test 14320pts in theshort term

Wednesday 30 January 2019 11:47 AM

Egyptian Stock Exchange
Egyptian Stock Exchange

By Al-Mal

The benchmark EGX30 main index is expected to test level 14320pts in the short term, according to portfolio manager at Egy Trend Securities Gehan Yaqub, advising traders to buy stocks at 13860pts, 14000pts and 14320pts and to sell  at 13335pts.

During Tuesday, EGX ended trades on a mixed note, as EGX30 rose by 0.47percent  at 13977pts, whereas EGX70 remained unchanged to close at 686pts.

"Investors are advised to buy  outperforming stocks trading below  fair value and to abandon speculations at resistance levels," said Yaqub.