Egypt Equity Markets | 17 Nov 2015: Egyptian Equity in the negative, Banking sector index 2.23% down …

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading ended in the negative zone as both the indices and market capitalization closed lower. The equity market capitalization shed off about EGP 1.38 billion (nearly US$230 million) to end at EGP 417.466 billion from EGP 419.269 billion recorded at the previous day trading session.  

The benchmark index EGX30 slid by 73.32 points or 1.13 percent to end 6,407.33 points. The equal-weighted indexes EGX50 slumped by 0.61 percent or 6.76 points to settle at 1,095.54 points. EGX70 index, which measures small and mid-cap index, somersaulted by 1.42 percent or 4.96 points to settle at 345.57 points. The broader index EGX100 sagged by 0.80 percent or 6.10 points to 754.65 points and the EGX20 capped index slumped by 0.11 percent or 7.06 points to close at 6,240.23points.

From market activity viewpoint, today turnover was recorded at EGP 662.274 million exchanged in 342.447 million traded securities in 22,771 deals. Local and foreign investors came as net buyers with EGP 16.9 million and EGP 81.5 million respectively, while Arab investors came as net sellers with EGP 98.4 million. Institutions came as net buyers, especially the local ones, while retail traders were net sellers.

Among the 170 traded stocks today, there were 39 price gainers and 79 price losers which bring the market breath ended in the negative zone. The price gainers were Misr Hotels added 7.28 percent to close the trading sessions at EGP 19.31 and Arab Aluminium gained 3.21 percent with a closing price of EGP 8.68. Development & Engineering Consultants advanced by 3.31 percent to conclude at EGP 8.90. Amer Group Holdings also accelerated by 2.56 percent to settle at EGP 0.40 and International Co For Investment & Development grew by 2.18 percent to close at EGP 7.49..

On the losers’ table, EGX Index ETF sagged by 9.95 percent to end at EGP 6.97,  Sinai Cement plummeted by 9.80 percent to trade at EGP 22.73 and Egyptian Starch & Glucose fell by 7.21 percent with a closing price of EGP 5.53. Likewise, Mansourah Poultry and Misr National Steel sagged by 6.57 percent to end at EGP 10.95 and lower by 6.36 percent to trade at EGP 8.24 respectively.

On the final note, Healthcare & Pharmaceutical lost 1.13 percent and Chemical dropped 0.75 percent. Banks sector index sagged by 2.23 percent or 66.48 points to close at 2,913.36 points, Basic resources sector index declined by 0.51 percent and Food & Beverages gained 0.18 percent. Construction & Materials dipped by 0.11 percent and Industrial Goods & Services grew by 0.47 percent. Travel & Leisure sector index dropped 0.08 percent and Real Estate gained 0.28 percent. Telecommunications lost 0.58 percent and Financial Services excluding Banks decreased by 0.60 percent.