Egypt Equity Markets | 16 Sep 2015 : Egyptian Equity trading ends on mixed note, EGX30 up 90.83 bps, market cap loses EGP 2.3 billion….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading ended on a mixed note at the end of todays trading session, as several indices saw gains although the equity market capitalization lost EGP 2.326 billion to end at EGP447,068  billion (US$57,316 million) from EGP 444,742 billion recorded at the end of the previous days trading session.

The benchmark index EGX30 gained by 90.83 points or 1.27 percent to end 7,266.42 points. Conversely, the equal-weighted indexes EGX50 rose by 1 percent or 12.01 points to settle at 1,211.48 points.

The EGX70 index, which measures small and mid-cap index, decreased by 1.48 percent or 3.35 points to settle at 391.58 points however the broader index EGX100 advanced by 1.20 percent or 10.01 points to 843.83points and the EGX20 capped index grew by 1.48 percent or 101.11 points to close at 6937.98 points.

From market activity viewpoint, today turnover was recorded at EGP 1,117 million exchanged in 136.590 million traded securities in 359 deals. Egyptian and foreign investors stepped in as net sellers with EGP 26.6 million and EGP 2.9 million respectively while Arabs came out as net buyers with EGP 23.7 million.

Among the 162 traded stocks today, there were 92 price gainers and 29 price losers and 41 remaining unchanged bringing the market breadth to end positive. The gainers were The Arab Dairy Products Co. ARAB DAIRY which gained by 10 percent to close the trading sessions at EGP 80.30 and Medical Packaging Company rose by 7.58 percent with closing price of EGP 0.71. Advanced Pharmaceutical Packaging Co. (APP) jumped by 7.33 percent to conclude at EGP 3.66. GB AUTO leapt by 5.75 percent to end at EGP 2.96 and South Cairo & Giza Mills & Bakeries also gained by 5.61 percent to settle at EGP 12.99.

On the other hand, Egyptian International Tourism Projects lost by 9.90 percent to end at EGP 7.10, Misr Beni Suef Cement plunged by 9.73 percent to trade at EGP 34.99 and Suez Cement slumped by 5.33 percent with closing price of EGP 33.01. Likewise, Delta Sugar slumped by 5.33 percent to end at EGP 9.95 and Natural Gas & Mining Project (Egypt Gas) went down by 4 percent to trade at EGP 42.73 respectively.

On a final note, Banks sector index advanced by 0.99 percent or 34.27 points to close at 3,427.43 points. Healthcare & Pharmaceutical gained by 20.32 points or 0.77 percent to close at 2,660.16 points and Chemicals rose by 0.16 percent to close at 673.78 points. Basic Resources sector index retreated by 0.32 percent or 1.30 points to close at 407.46 points, Travel & Leisure sector index lunged by 0.17 percent to 186.38 points and Food & Beverages gained by 0.05 percent to settle at 1264.38 points. Construction & Materials shred off 1.92 percent to close on 1,444.09 points and Personal & Household sector index surged by 1.92 percent to close on 823.65 points. The Industrial Goods & Services rose by 2.04 percent to 983.69 points and Real Estate increased by 01.50 percent to close on 1126.68 points. Telecommunications increased by 2.04 percent and Financial Services excluding Banks sagged by 1.08 percent to close on 369.06 points.