Egypt Equity Markets | 2 Sep 2015 : Egyptian Exchange equity trading floor paints in red ….

Cairo, Egypt, Capital Markets in Africa — The Bear reappeared on the Egyptian Exchange to push all indices and market capitalization toward the South Pole. The equity market capitalization plunged by EGP 1.2  billion (US$ 154 million) to end at EGP 444.764 billion from EGP 445.974 billion recorded at previous day trading session.

The benchmark index EGX30 dropped by 0.74 percent or 53.90 points to end 7,150.47 points. The equal-weighted indexes EGX50 also down by 0.29 percent or 3.61 points to settle at 1,227.24 points.

Likewise, EGX70 index, which measures small and mid-cap index, sagged by 0.15 percent or 0.57 points to settle at 387.89 points.

The broader index EGX100 also fell by 0.09 percent or 0.75 points to 834.69 points and the EGX20 capped index lost 1.03 percent or 72.71 points to close at 6,988.55 points.

From market activity viewpoint, today turnover was recorded at EGP 443,377 million exchanged in 204.529 million traded securities in 20,551 deals. The foreign investors came as net buyers with EGP 34.3 million, while locals and Arab stepped in as net losers with EGP 19.3 million and EGP 15 million respectively.

Among the 165 traded stocks today, there were 61 price gainers and 74 price losers which bring the market breath ended negative. The gainers were Natural Gas & Mining Project soared by 9.98 percent to close the trading sessions at EGP 35.04 and Sabaa International Company rose by 8.70 percent with closing price of EGP 3.50. El Kahera El Watania climbed by 6.27 percent to conclude at EGP 5.42. El Ahram Company for Printing & Packing also jumped by 5.88 percent to settle at EGP 10.62 and Egyptian Housing Development advanced by 5.25 percent to close at EGP 3.21.

Conversely, Raya Holding for Technology sagged by 5.91 percent to end at EGP 5.30,  Modern Shorouk Printing & Package  lost 5.16 percent to trade at EGP 9.00 and International Co for Investment tumbled by 3.73 percent with closing price of EGP 6.45. Likewise, Samad Misr and Heliopolis Housing plunged by 3.18 percent to end at EGP 2.74 and slumped by 3.10 percent to trade at EGP 40.93 respectively.

On the final note, Travel & Leisure ended at 194.64 points after sagging by 1.38 percent or 2.72 points but Healthcare & Pharmaceutical rose by 0.03 percent and Chemical faded by 030 percent. Banks sector index declined by 0.85 percent or 27.95 points to close at 3,251.05 points, Basic resources sector index added 2.10 percent but Food & Beverages plunged by 0.07 percent. Construction & Materials slightly gained 0.52 percent and Personal & Household sector index surged by 0.88 percent. Industrial Goods & Services rose by 0.39 percent and Real Estate lost 1.74 percent. Telecommunications went down by 0.93 percent and Financial Services excluding Banks jumped by 0.42 percent.