Egypt Equity Markets | 08 Oct 2015 : Egyptian Equities bull returns as stocks continue to rebound, market cap gains EGP 5.2 Mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity bull returned to the markets today as indices and sectors all saw increases and stocks continued to rebound further from losses sustained in previous sessions. The equity market capitalization ended at EGP 452,520 adding EGP 5,251 million to the EGP 447,269 billion recorded at the end of the previous days trading session .

The benchmark index EGX30 gained by 137.11 points or 1.86 percent to end 7491.67 points from the 7354.56 points recorded previously. Likewise, the equal-weighted index EGX50 gained by 26.53 points or 2.18 percent to close on 1241.37 points.

The EGX70 index, which measures small and mid-cap index, increased by 1.76 percent or 6.88 points to settle at 398.49 points similarly the broader index EGX100 surged by 1.22 percent or 10.25 points to close on 852.42 points while the EGX20 capped index gained by 2.26 percent or 156.82 points to close at 7098.92 points.

From a market activity standpoint, today’s turnover settled at EGP 671.14 million exchanged in 325 million traded securities in 24,827 deals. Egyptian and foreign investors stepped in as net sellers with EGP 18.8 million and EGP 38.1 million respectively while Arabs came out as net buyers with EGP 89.7 million.

With regards to the 164 listed stocks traded today, there were 128 price gainers and 13 price losers and 23 remaining unchanged bringing the market breadth to end positive. Amongst the gainers were Belton Financial Holding which gained by 19.72 percent to close the trading sessions at EGP 3.40 and Suez Cement leapt by 9.97 percent to end at EGP 31, Rights Issue Of Cairo Oils & Soap Company-1 rose by 9.02 percent with closing price of EGP 1.42. Universal For Paper and Packaging Materials (Unipack) jumped by 8.02 percent to conclude at EGP 5.39. Development & Engineering Consultants leapt by 7.93 percent to end at EGP 10.21.

On the other hand, El Arabia Engineering Industries lost by 6.94 percent to end at EGP 5.90, Paint & Chemicals Industries (Pachin) plunged by 4.44 percent to trade at EGP 43 and Delta Insurance slumped by 3.59 percent with closing price of EGP 6.71. Likewise, Ismailia Development and Real Estate Co went down by 3.58 percent to trade at EGP 4.31 and Alexandria Pharmaceuticals slumped by 1.68 percent to end at EGP 55.

In terms of the sectors, Banks sector index grew by 2.16 percent to close at 3,617.58 points. Healthcare & Pharmaceutical increased by 0.05 percent to close at 2,596.12 points, Chemicals increased by 0.51 percent to close at 674.32 points. Basic Resources sector index rose by 0.69 percent to close at 400.65 points, Travel & Leisure sector index gained by 2.27 percent to close on 185.25 points and Food & Beverages increased by 0.43 percent to settle at 1,219.64 points. 

In similar vein, Construction & Materials was up by 4.11 percent to close on 1,413.91 points and Industrial Goods & Services increased by 1.04 percent to 1015.14 points.

Real Estate surged by 1.75 percent to close on 1,137.64 points. Telecommunications went up by 2.28 percent to close 294.27 points and Financial Services excluding Banks up by 3.42 percent to close on 381.34 points. Finally, Personal & Household sector index also increased by 0.16 percent to close on 860.16 points.