Egypt Equity Markets | 22 Sep 2015 : Egyptian Equities benchmark index EGX30 gains by 61.29bps, market cap loses EGP 7.62mill….

Egypt, Capital Markets in Africa –— Egyptian Exchange equity trading saw gains on the indices but a 30 percent drop in price gainers at the end of the days trading session. The equity market capitalization ended at EGP 448,324 billion (US$57,477 million) recorded at the end of the previous days trading session losing EGP 7.621 million from its previous close of EGP 455,945.

The benchmark index EGX30 gained by 61.29 points  to end 7,346.85 points or 0.84 percent higher than the 7,285.85 points recorded in yesterdays session. Likewise, the equal-weighted indexes EGX50 gained 7.6 points to close on 1219.36 rising 6.1 points or 0.50% up from its previous close of 1,213.29 points 

The EGX70 index, which measures small and mid-cap index, increased by 0.12 percent or 0.48 points to settle at 392.43 points similarly the broader index EGX100 surged by 0.08 percent or 0.67 points to close on 846.62 points while the EGX20 capped index gained by 0.48 percent or 33.24 points to close at 6971.93 points.

From a market activity viewpoint, today’s turnover was recorded at EGP 293.661 million exchanged in 14,535 million traded securities in 156 deals. Egyptian and foreign investors stepped in as net sellers with EGP 33.2 million and EGP 43.3 million respectively while Arabs came out as net buyers with EGP 10.1 million.

Among the 156 traded stocks today, there were 71 price gainers and 43 price losers and 42 remaining unchanged meaning that the market breadth ended positive. The top five stocks from the gainers were Cairo Oils and Soap which gained by 7.10 percent to close the trading sessions at EGP10.10 and Delta Sugar rose by 5.23 percent with closing price of EGP 10.47. Egyptian Real Estate Group jumped by 4.88 percent to conclude at EGP 5.37. El Nasr Clothes and Textiles (Kabo) leapt by 4.48 percent to end at EGP 0.70 and Alexandria Spinning and Weaving also gained by 4 percent to settle at EGP 0.78.

On the other hand, Assuit Islamic Trading lost by 3.60 percent to end at EGP 5.63, Egyptian Financial and Industrial plunged by 3.44 percent to trade at EGP 7.01 and Egypt Aluminium slumped by 3.32 percent with closing price of EGP 13.39. Likewise, Egyptian Starch and Glucose slumped by 3.23 percent to end at EGP 6.88 and Natural Gas and Mining Project (Egypt Gas) went down by 3.23 percent to trade at EGP 41.93.

In terms of the sectors, Banks sector index advanced by 1.41 percent to close at 3,505 points. Healthcare & Pharmaceutical lost by 0.01 points to close at 2,596.25 points however Chemicals decreased by 0.08 percent to close at 672.77 points. Basic Resources sector index rose by 405.01 percent to close at 399.43 points, Travel & Leisure sector index surged by 1.38 percent to 188.4 points and Food & Beverages rose by 0.93 percent to settle at 1,235.36 points. Construction & Materials fell by 0.02 percent to close on 1,410.67 points and Personal & Household sector index surged by 0.14 percent to close on 837.56 points. The Industrial Goods & Services rose by 0.58 percent to 1016.92 points and Real Estate increased by 0.72 percent to close on 1,137.49 points. Telecommunications gained by 0.03 percent to close 289.22 points and Financial Services excluding Banks surged by 0.04 percent to close on 364.9 points.