Egypt Equity Markets | 16 Nov 2015: Egyptian ends in mixed mood, market caps higher but EGX 30 index lower …

Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange equity trading started the week on a mixed note after the equity market capitalization gained EGP 1.38 billion (nearly US$172 million) to end at EGP 419.269 billion from EGP 417.889 billion recorded at the previous day trading session.  However, the benchmark index EGX30 sagged by 76.10 points or 1.07 percent to end 7,158.10 points. The equal-weighted indexes EGX50 soared by 0.44 percent or 4.85 points to settle at 1,102.30 points.

EGX70 index, which measures small and mid-cap index, surged by 0.33 percent or 1.14 points to settle at 350.53 points. The broader index EGX100 fell by 0.05 percent or 0.38 points to 760.75 points and the EGX20 capped index grew by 0.52 percent or 32.27 points to close at 6,247.29 points.

From market activity viewpoint, today turnover was recorded at EGP 495.415 million exchanged in 239.902 million traded securities in 18.420 deals. Arab and foreign investors came as net sellers with EGP 70.1 million and EGP 247.3 million respectively, while local investors came as net buyers with EGP 318.4 million. Institutions came as net buyers, especially the local ones, while retail traders were net sellers.

Among the 159 traded stocks today, there were 75 price gainers and 46 price losers which bring the market breath ended in the positive zone. The gainers were TransOceans Tours soared by 14.29 percent to close the trading sessions at US$ 0.08 and Natural Gas & Mining Project (Egypt Gas) rose by 9.34 percent with closing price of EGP 34.44. Egyptian Starch & Glucose jumped by 6.62 percent to conclude at EGP 5.96. Egyptian International Pharmaceuticals (EIPICO) also gained by 5.91 percent to settle at EGP 74.88 and General Company For Land Reclamation rose by 5.70 percent to close at EGP 15.96.

On the other hand, Delta Printing & Packaging sagged by 9.94 percent to end at EGP 9.15,  Wadi Kom Ombo Land Reclamation plunged by 9.81 percent to trade at EGP 5.70 and Paint & Chemicals Industries (Pachin) slumped by 9.02 percent with closing price of EGP 40.03. Likewise, Edita Food Industries S.A.E and El Kahera El Watania Investment slumped by 7.05 percent to end at EGP 32.55 and slumped by 6.68 percent to trade at EGP 4.61 respectively.

On the final note, Healthcare & Pharmaceutical rose by 5.79 percent and Chemical added 0.46 percent. Banks sector index sagged by 2.04 percent or 62.11 points to close at 2,980.36 points, Basic resources sector index advanced by 3.27 percent and Food & Beverages fell by 3.44 percent. Construction & Materials dipped by 0.32 percent and Industrial Goods & Services grew by 1.74 percent. Travel & Leisure sector index dropped 0.33 percent and Real Estate gained 1.37 percent. Telecommunications rose by 00.70 percent and Financial Services excluding Banks increased by 0.79 percent.