Egypt Equity Markets | 15 Oct 2015 : Egyptian Equity Markets bear returns, EGX30 rallies by 18.47bps, market cap ends EGP 457 Mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange Equity Markets indices and sectors traded lower with the main index registering  a late rally to gain at the end of the days session. The equity market capitalisation settled at EGP 457,834 million at the end of the days trading session.

The benchmark index EGX30 dropped by 74.67 points or 0.97 percent to end 7594.45 points from the 7669.12 points recorded previously. The equal-weighted index EGX50 lost by 15.39 points or 1.20 percent to close on 1264.75 points.

The EGX70 index, which measures small and mid-cap index, decreased by 0.89 percent or 2.55 points to settle at 394.95 points similarly the broader index EGX100 lost by 0.57 percent or 4.9 points to close on 853.97 points while the EGX20 capped index also lost by 0.97 percent or 71 points to close at 7284.87 points.

From a market activity standpoint, today’s turnover settled at EGP 728,162 million exchanged in 225 million traded securities in 20,360 deals. Egyptian and foreign investors stepped in as net sellers with EGP 0.236 million and EGP 1.7 million respectively while Arabs came out as net buyers with EGP 27.1 million.

With regards to the 161 listed stocks traded today, there were 25 price gainers and 105 price losers and 31 remaining unchanged bringing the market breadth to end negative. Amongst the gainers were Alexandria Pharmaceuticals which gained by 6.28 percent to close the trading sessions at EGP 55.86, Egyptian for Developing Building Materials which gained by 5.28 percent to close the trading sessions at EGP 12.77 and Rubex International for Plastic and Acrylic Manufacturing leapt by 3.98 percent to end at EGP 8.63, Misr National Steel – Ataqa rose by 3.36 percent with closing price of EGP 8.91. Al Baraka Bank Egypt jumped by 2.74 percent to conclude at EGP 10.89. 

On the other hand, EL Ezz Aldekhela Steel – Alexandria lost by 6.07 percent to end at EGP 347.48, Egyptian Company for Mobile Services (MobiNil) slumped by 5.11 percent with closing price of EGP 100.97. Likewise, GB Auto went down by 4.44 percent to trade at EGP 52.56, Gulf Canadian Real Estate Investment Co. slumped by 3.92 percent to end at EGP 9.06 and Rights Issue Of Cairo Oils& Soap Company-1 plunged by 3.52 percent to trade at EGP 1.37.

In terms of the sectors, Banks sector index grew by 0.90 percent to close at 3,623.63 points. Healthcare & Pharmaceutical decreased by 0.04 percent to close at 2,596.71 points, Chemicals increased by 0.26 percent to close at 673.17 points. Basic Resources sector index lost by 1.92 percent to close at 416.01 points, Travel & Leisure sector index retreated by 1.37 percent to close on 185.96 points and Food & Beverages decreased by 1.70 percent to settle at 1237.36 points. 

In similar vein, Construction & Materials was down  by 0.25 percent to close on 1,429.63 points and Industrial Goods & Services also decreased by 1.65 percent to 1023.71 points.

Real Estate lost by 0.73 percent to close on 1,160.85 points. Telecommunications went down by 1.31 percent to close 298.28 points and Financial Services excluding Banks lowered by 1.06 percent to close on 394.64 points. Finally, Personal & Household sector index increased by 0.29 percent to close on 869.21 points.