Egypt Equity Markets | 19 Oct 2015 : Egyptian Equity Markets rally, EGX3 up 1.11%, market cap sheds EGP 4.75Mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange Equity Markets rallied today as indices and sectors traded up with the main index making marginal gains at the end of the days session. The equity market capitalisation settled at EGP 453,075 shedding EGP 4.759 million from the EGP 457,834 million recorded at the end of the previous week’s trading session.

The benchmark index EGX30 rose by 83.45 points or 1.11 percent to end 7621.67 points from the 7538.22 points recorded previously. The equal-weighted index EGX50 lost by 22.92 points or 1.82 percent to close on 1282.37 points.

The EGX70 index, which measures small and mid-cap index, increased by 1.71 percent or 6.76 points to settle at 401.27 points similarly the broader index EGX100 gained by 1.19 percent or 10.08 points to close on 860.39 points while the EGX20 capped index also gained by 1.87 percent or 50.59 points to close at 7369.48 points.

From a market activity standpoint, today’s turnover settled at EGP 514,488 million exchanged in 195.2 million traded securities in 20,811 deals. Egyptian and foreign investors stepped in as net sellers with EGP 25.9 million and EGP 33.1 million respectively while Arabs came out as net buyers with EGP 89.6 million.

With regards to the 162 listed stocks traded today, there were 116 price gainers and 23 price losers and 23 remaining unchanged bringing the market breadth to end negative. Amongst the gainers were Egyptian for Developing Building Materials which gained by 6.19 percent to close the trading session at EGP 13.56, International Co For Investment & Development which gained by 5.10 percent to close the trading session at EGP 7.01 and  Cairo Oils & Soap leapt by 5.09 percent to end at EGP 12.39, Advanced Pharmaceutical Packaging Co. (APP) rose by 4.75 percent with a closing price of EGP 4.75. Natural Gas & Mining Project (Egypt Gas) jumped by 3.78 percent to conclude at EGP 37.58. 

On the other hand, Rowad Tourism (Al Rowad) lost by 6.64 percent to end at EGP 4.36, Torah Cement went down by 5.56 percent to trade at EGP 14.43, Misr National Steel – Ataqa slumped by 3.59 percent to end at EGP 8.59, United Housing & Development slumped by 3.37 percent with closing price of EGP 13.46 and Mansourah Poultry plunged by 2.93 percent to trade at EGP 16.22. 

In terms of the sectors, Banks sector index fell by 1.08 percent to close at 3,584.51 points. Healthcare & Pharmaceutical increased by 0.06 percent to close at 2598.33 points, Chemicals increased by 0.11 percent to close at 672.4 points. Basic Resources sector index lost by 0.36 percent to close at 414.51 points, Travel & Leisure sector index retreated by 0.32 percent to close on 185.37 points and Food & Beverages increased by 0.05 percent to settle at 1237.94 points. 

In similar vein, Construction & Materials was down  by 0.22 percent to close on 1422.92 points and Industrial Goods & Services decreased by 0.53 percent to 1018.28 points.

Real Estate lost by 0.77 percent to close on 1151.86 points. Telecommunications went down by 0.73 percent to close 296.09 points and Financial Services excluding Banks lowered by 0.22 percent to close on 393.76 points. Finally, Personal & Household sector index increased by 0.06 percent to close on 896.06 points.