Egypt Equity Markets | 18 Nov 2015: Bullish Sentiment Rules the Equity Markets, Market Cap US$100 Mill Higher …

Cairo, Egypt, Capital Markets in Africa —– Egyptian Exchange returned to the North Pole at the end of Wednesday’s trading session as both indices and market capitalization ended higher. The equity market capitalization added EGP 882 million (nearly US$110 million) to end at EGP 418.348 billion from EGP 417.466 billion recorded at the previous day trading session.  

The benchmark index EGX30 grew by 6.64 points or 0.10 percent to end 6,413.97 points. The equal-weighted indexes EGX50 added 0.61 percent or 6.68 points to settle at 1,102.22 points. EGX70 index, which measures small and mid-cap index, surged by 1.04 percent or 3.61 points to end at 349.18 points. The broader index EGX100 soared by 0.62 percent or 4.65 points to 759.30 points and the EGX20 capped index gained 0.89 percent or 55.51 points to close at 6,295.74 points.

From market activity viewpoint, today turnover was recorded at EGP 432.766 million exchanged in 273,010,493 traded securities in 20,109 deals. Local and Arab investors came as net buyers with EGP 33.9 million and EGP 10.9 million respectively while foreign investors came as net sellers with EGP 44.8 million. Institutions came as net sellers, especially the foreign ones while retail traders were net buyers.

Among the 153 traded stocks today, there were 74 price gainers and 44 price losers which bring the market breath ended in the positive zone. The price gainers were Misr Hotels added 9.74 percent to close the trading sessions at EGP 21.19 and International Co for Investment & Development grew by 8.54 percent with a closing price of EGP 8.13.Mena Touristic Investment advanced by 6.32 percent to conclude at EGP 1.01. Porto Group also gained 5.41 percent to settle at EGP 0.39 and North Cairo Mills grew by 5.27 percent to close at EGP 16.98.

On the losers’ table, El Arabia for Land Reclamation slumped by 9.96 percent to end at EGP 6.42,  Assiut Islamic Trading lost 7.25 percent to trade at EGP 5.37 and Lecico Egypt fell by 6.77 percent with a closing price of EGP4.27. Likewise, Arab Valves and Sharkia National Foods sagged by 5.88 percent to end at EGP 0.80 and lower by 5.65 percent to trade at EGP 2.84 respectively.

On the final note, Healthcare & Pharmaceutical sagged by 0.86 percent and Chemical added 0.69 percent. Banks sector index sagged by 1.19 percent or 34.79 points to close at 2,879.09 points, Basic resources sector index advanced by 2.46 percent and Food & Beverages gained 0.47 percent. Construction & Materials grew by 0.05 percent and Industrial Goods & Services surged by 1.24 percent. Travel & Leisure sector index dropped 0.20 percent and Real Estate gained 2.41 percent. Telecommunications lost 1.03 percent and Financial Services excluding Banks rose by 0.35 percent.