Egypt Equity Markets | 17 Sep 2015 : Egyptian Equities benchmark index EGX30 up 0.02%, market cap gains EGP 354 mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading remained in bearish mood at the end of todays trading session, as several indices declined despite a slight increase in the benchmark index. The equity market capitalization ended at EGP 447,422 billion (US$57,361 million) gaining EGP 354 million (US$45.38 million) from the EGP 447,068 billion recorded at the end of the previous days trading session.

The benchmark index EGX30 gained by 1.45 points or 0.02 percent to end 7267.52 points. Conversely, the equal-weighted indexes EGX50 remained flat gaining no points and holding at 1,211.48 points.

The EGX70 index, which measures small and mid-cap index, decreased by 0.53 percent or 2.07 points to settle at 389.5 points similarly the broader index EGX100 declined by 0.07 percent or 0.59 points to close on 843.21 points while the EGX20 capped index fell by 0.18 percent or 12.48 points to close at 6925.83 points.

From market activity viewpoint, today turnover was recorded at EGP 3,253 million exchanged in 218.258 million traded securities in 200 deals. Egyptian and foreign investors stepped in as net sellers with EGP 8.4 million and EGP 11.6 million respectively while Arabs came out as net buyers with EGP 20.1 million.

Among the 200 traded stocks today, there were 44 price gainers and 80 price losers and 35 remaining unchanged bringing the market breadth to end negative. The gainers were Advanced Pharmaceutical Packaging Co. (APP) which gained by 9.02 percent to close the trading sessions at EGP 3.99 and Upper Egypt Flour Mills rose by 7.01 percent with closing price of EGP 69.92. GB AUTO jumped by 6.88 percent to conclude at EGP 2.95. El-Nile Co. For Pharmaceuticals And Chemical Industries leapt by 5.72 percent to end at EGP 9.98 and Misr National Steel – Ataqa also gained by 4.66 percent to settle at EGP 8.53.

On the other hand, North Africa Co. for Real Estate Investment lost by 5.51 percent to end at EGP 2.57, Ismailia Development and Real Estate Co plunged by 4.13 percent to trade at EGP 4.41 and Egyptian Starch & Glucose slumped by 3.84 percent with closing price of EGP 6.76. Likewise, Alexandria Spinning & Weaving (SPINALEX) slumped by 3.80 percent to end at EGP 0.76 and Rowad Tourism (Al Rowad) went down by 3.7 percent to trade at EGP 4.40 respectively.

In terms of the sectors, Banks sector index advanced by 0.16 percent or 5.48 points to close at 3,432.78 points. Healthcare & Pharmaceutical gained by 2.66 points or 0.10 percent to close at 2,662.75 points however Chemicals fell by 0.21 percent or 1.41 points to close at 672.34points. Basic Resources sector index retreated by 1.18 percent or 4.80 points to close at 402.65 points, Travel & Leisure sector index sagged by 0.73 percent to 185.02 points and Food & Beverages lost by 0.26 percent to settle at 1,261.09 points. Construction & Materials surged by 0.90 percent to close on 1,457.07 points and Personal & Household sector index surged by 0.93 percent to close on 831.27 points. The Industrial Goods & Services rose by 1.83 percent to 1001.74 points and Real Estate decreased by 0.38 percent to close on 1,122.38points. Telecommunications lost by 0.01 percent to close 291.76 points and Financial Services excluding Banks sagged by 0.92 percent to close on 365.65 points.