Egypt Equity Markets | 15 Sep 2015 : Egyptian Equity trading ends the day lower, market capitalization loses EGP 9.16 billion….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading ended lower at the end of todays trading session, after the equity market capitalization lost EGP 9.615 billion to end at EGP 444,742 billion (US$58,045 million) from EGP  454.357 billion recorded at the end of the previous days trading session.

The benchmark index EGX30 gained by 17.49 points or 0.24 percent to end 7,175.59 points. Conversely, the equal-weighted indexes EGX50 went down by 0.03 percent or 0.39 points to settle at 1,199.47 points.

The EGX70 index, which measures small and mid-cap index, decreased by 0.07 percent or 0.27 points to settle at 388.23 points.

The broader index EGX100 advanced by 0.03 percent or 0.22 points to 833.82 points and the EGX20 capped index grew by 0.19 percent or 12.68 points to close at 6,836.88 points.

From market activity viewpoint, today turnover was recorded at EGP 1,531 million exchanged in 136.590 million traded securities in 359 deals.

Among the 194 traded stocks today, there were 93 price gainers and 63 price losers and 32 remaining unchanged bringing the market breadth to end positive. The gainers were Middle Egypt Flour Mills which gained by 7.50 percent to close the trading sessions at EGP 16.92 and South Cairo & Giza Mills & Bakeries rose by 6.77 percent with closing price of EGP 12.30. Ismailia National Food Industries jumped by 6.40 percent to conclude at EGP 4.49. North Africa Co. for Real Estate Investment leapt by 5.79 percent to end at EGP 2.74, Modern Company for water proofing (Bitumode) also gained by 4.62 percent to settle at EGP 0.68.

On the other hand, Zahraa Maadi Investment & Development sagged by 8.43 percent to end at EGP 12.82, Northern Upper Egypt Development & Agricultural Production plunged by 3.64 percent to trade at EGP 5.03 and Oriental Weavers slumped by 3.46 percent with closing price of EGP 9.50. Likewise, Misr National Steel – Ataqa slumped by 3.44 percent to end at EGP 8.15 and National Real Estate Bank for Development by 3.14 percent to trade at EGP 10.48 respectively.

On a final note, Banks sector index advanced by 0.67 percent or 22.42 points to close at 3,393.81 points.