Egypt Equity Market | 31 Aug 2015 : Egyptian equities up, investors gather US$33 down

Cairo, Egypt (Capital Markets in Africa):- The equity market capitalization gained EGP 6.8 billion (US$ 864 million) to end at EGP 444.732 billion from EGP 437.947 billion recorded at previous day trading session.

The benchmark index EGX30 grew by 2.79 percent or 197.15 points to end 7,252.43 points. The equal-weighted indexes EGX50 climbed by 2.03 percent or 24.56 points to settle at 1,233.62 points.

EGX70, which measures small and mid-cap index, soared by 1.68 percent or 6.49 points to settle at 392.38 points.

The broader index EGX100 also advanced by 1.72 percent or 14.14 points to 837.70 points and the EGX20 capped index added 3.08 percent or 211.43 points to close at 7,081.04 points.

From market activity viewpoint, today turnover was recorded at EGP 608.271 million exchanged in 262.804 million traded securities in 26,054 deals. Arab traders were net buyers by EGP 36.6 million, while nationals and foreigners were net sellers by EGP 35.6 million and EGP 1 million respectively.

Out of the 166 traded stocks today, there were 127 price gainers and 14 price losers which bring the market breath ended negative. The gainers were Saaba International Company for Pharmaceutical & Chemical surged 8.88 percent to close the trading sessions at EGP 3.31 and Natural Gas & Mining Project gained 7.53 percent with closing price of EGP 25.56. Memphis Pharmaceutical climbed by 7.52 percent to conclude at EGP 8.72. Ezz Steel also soared by 7.47 percent to settle at EGP 9.21 and Reacap Financial Investment jumped by 7.17 percent to close at EGP 2.39.

Conversely, National Cement sagged by 6.83 percent to end at EGP 7.91,  Wadi Kom Ombo Land Reclamation  dropped by 6.25 percent to trade at EGP 7.50 and Alexandria Flour Mill tumbled by 3.38 percent with closing price of EGP 18.01. Likewise, Lecico Egypt and Orascom Hotels & Development plunged by 3.04 percent to end at EGP 5.43 and slumped by 1.58 percent to trade at EGP 8.71 respectively.

On the final note, all major indices end in positive except the Travel & Leisure which ended at 198.35 points after sagging by 0.04 percent or 0.08 points. Healthcare & Pharmaceutical rose by 0.05 percent and Chemical rose by 0.49 percent. Banks sector index advanced by 3.04 percent or 98.73 points to close at 3,346.66 points, Basic resources sector index added 6.80 percent and Food & Beverages soared by 1.05 percent. Construction & Materials surged by 2.94 percent and Industrial Goods & Services jumped by 3.49 percent. Personal & Household sector index surged by 1.46 percent and Real Estate gained by 2.95 percent. Telecommunications advanced by 1.85 percent and Financial Services excluding Banks jumped by 2.60 percent.