Egypt Equity Markets | 07 Oct 2015 : Egyptian Equities rebound from losses, EGX30 up 115.29pts, market cap gains EGP 4.1 Mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading rebounded from losses incurred in the previous days trading as indices and sectors recorded increases encouraged by news of improved oil prices in the region. The equity market capitalization ended at EGP 447,269 adding EGP 4,148 million to the EGP 443,121 billion recorded at the end of the previous days trading session .

The benchmark index EGX30 gained by 115.29 points or 1.59 percent to end 7354.56 points from the 7239.27 points recorded previously. Likewise, the equal-weighted index EGX50 gained by 18.15 points or 1.52 percent to close on 1214.84 points.

The EGX70 index, which measures small and mid-cap index, increased by 1.76 percent or 6.78 points to settle at 391.61 points similarly the broader index EGX100 surged by 1.13 percent or 9.37 points to close on 842.17 points while the EGX20 capped index gained by 1.52 percent or 103.64 points to close at 6942.1 points.

From market activity viewpoint, today turnover was recorded at EGP 394.02 million exchanged in 143 million traded securities in 14,493 deals. Egyptian and foreign investors stepped in as net sellers with EGP 30.2 million and EGP 28.8 million respectively while Arabs came out as net buyers with EGP 26.05 million.

With regards to the 158 listed stocks traded today, there were 104 price gainers and 23 price losers and 31 remaining unchanged bringing the market breadth to end positive. Amongst the gainers were Rights Issue Of Cairo Oils & Soap Company-1 which gained by 24.30 percent to close the trading sessions at EGP 1.33 and Cairo Oils & Soap leapt by 8.29 percent to end at EGP 11.24, Oriental Weavers rose by 6 percent with closing price of EGP 10.60. Naeem Holding jumped by 5.88 percent to conclude at EGP 0.36. Arab Ceramics (Aracemco) leapt by 5.22 percent to end at EGP 4.23.

On the other hand, Suez Cement lost by 9.06 percent to end at EGP 28.19, Rubex International for Plastic and Acrylic Manufacturing plunged by 7.31 percent to trade at EGP 7.48 and Misr Beni Suef Cement slumped by 5.94 percent with closing price of EGP 32.91. Likewise, Arab Pharmaceuticals went down by 4.55 percent to trade at EGP 6.72 and General Company For Land Reclamation,Development & Reconstruction slumped by 2.86 percent to end at EGP 19.32.

In terms of the sectors, Banks sector index grew by 1.63 percent to close at 3,541.15 points. Healthcare & Pharmaceutical increased by 0.03 percent to close at 2,594.82 points, Chemicals decreased by 0.37 percent to close at 670.92 points. Basic Resources sector index rose by 2.20 percent to close at 397.92 points, Travel & Leisure sector index gained by 0.91 percent to close on 179.49 points and Food & Beverages increased by 0.81 percent to settle at 1,214.47 points. 

On the other side Construction & Materials was down by 2.86 percent to close on 1,358.1 points and Industrial Goods & Services decreased by 0.25 percent to 1004.68 points.

Real Estate surged by 1.70 percent to close on 1,118.06 points. Telecommunications went up by 1.74 percent to close 287.71 points and Financial Services excluding Banks up by 1.74 percent to close on 368.73 points. Finally, Personal & Household sector index also increased by 2.97 percent to close on 858.75 points.