Egypt Equity Market | 1 Sep 2015 : Egyptian equity indices lower; market capitalization US$158 million higher

Cairo, Egypt, Capital Markets in Africa — Equity trading on the Egyptian Exchange ended on a mixed mood, the equity market capitalization rose by EGP 1.24  billion (US$ 158 million) to end at EGP 445.974 billion from EGP 444.732 billion recorded at previous day trading session.

On the contrary, the benchmark index EGX30 dropped by 0.67 percent or 48.57 points to end 7,203.86 points. The equal-weighted indexes EGX50 also down by 0.22 percent or 2.77 points to settle at 1,230.85 points.

Likewise, EGX70 index, which measures small and mid-cap index, sagged by 1.00 percent or 3.92 points to settle at 388.46 points.

The broader index EGX100 also declined by 0.27 percent or 2.26 points to 835.44 points and the EGX20 capped index lost 0.28 percent or 19.78 points to close at 7,061.26 points.

From market activity viewpoint, today turnover was recorded at EGP 429.952 million exchanged in 182.115 million traded securities in 20,009 deals. Arab traders were net sellers by EGP 16.930 million, while Egyptians and foreigners were net buyers by EGP 16. 201 million and EGP 728,570 respectively.

Among the 169 traded stocks today, there were 38 price gainers and 97 price losers which bring the market breath ended negative. The gainers were Natural Gas & Mining Project soared by 19.85 percent to close the trading sessions at EGP 31.86 and Misr Hotels added 8.43 percent with closing price of EGP 18.39. Orascom Construction Industries climbed by 7.52 percent to conclude at EGP 8.72. Zahraa Maadi Investment & Development also climbed by 5.14 percent to settle at EGP 14.93 and Ezz Steel jumped by 4.89 percent to close at EGP 9.66.

Conversely, Egyptian Real Estate sagged by 9.82 percent to end at EGP 9.27,  Saudi Egyptian Investment & Finance  lost 8.20 percent to trade at EGP 59.08 and Development & Engineering   tumbled by 6.31 percent with closing price of EGP 9.35. Likewise, Reacap Financial Investment and Sharkia National Food plunged by 6.28 percent to end at EGP 2.24 and slumped by 5.29 percent to trade at EGP 3.22 respectively.

On the final note, Travel & Leisure ended at 197.36 points after sagging by 0.50 percent or 0.99 points but Healthcare & Pharmaceutical rose by 1.41 percent and Chemical climbed by 1.55 percent. Banks sector index declined by 1.99 percent or 66.72 points to close at 3,280.14 points, Basic resources sector index added 4.23 percent but Food & Beverages plunged by 0.20 percent. Construction & Materials slightly gained 0.03 percent and Personal & Household sector index surged by 1.54 percent. Industrial Goods & Services fell by 0.82 percent.  and Real Estate lost 0.08 percent. Telecommunications went down by 0.94 percent and Financial Services excluding Banks jumped by 0.78 percent.