Egypt Equity Watch | 28th July 2015: Egyptian equity markets indices bullish today pushed up by Foreign Investor buys valuing over EGP 73 mill..

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index EGX 30, EGX70, EGX100 and the EGX20 capped index were all up today as the markets rebounded pushed up by Foreign Investor buys valuing over EGP 73 mill..

The benchmark index EGX30 was up 62.02 points to close the day on 7,949.89, an increase of 0.79 percent from its previous close of 7887.87 points (with the resultant year-to-date performance of -10.94 percent and equal to 3,491 points in US$ terms).

The EGX20 capped index was up 63.54 points, rising by 0.81 percent to close at 7933.35 up from 7869.81 recorded at the last session (bringing year-to-date return to -20.91 percent).

The EGX70 index was also up 7.09 points to settle at 447.17 points increasing by 1.61 percent from its previous value of 440.08 registered yesterday (-20.92 percent year-to-date return).

The broader index EGX100 was up   points to settle at 914.54 points an increase of  4.17 percent from it’s previous close of 910.37 recorded yesterday (-16.13 percent year to date performance).

From a market activity perspective, today’s market capitalisation settled at EGP 488,081 million recorded for the day’s session (up EGP 2.651 million from EGP 485,430 million recorded yesterday) exchanged in 218,773 million traded securities carried out in 23,719 Trades.

In terms of investor type, Foreign Investors again outweighed the local Investors recording a buy value of EGP 73,087,821 million against a sell value of EGP 58,537,239 million improving on yesterdays activity leaving an overall net value in excess of EGP 14,550 million.

Nationals were net sellers of shares and Bonds worth EGP -9,329,546 million (sell value EGP 764,468 million and buy value EGP755,139 million) while Arab investors registered EGP 35,859 million net sales and EGP 30,638 million net buys.

With regards to the market price gainers and losers, the tables were completely reversed from trading yesterday as the session today recorded 113 price gainers and 26 price decliners with 24 securities remaining unchanged leaving the market breadth weighted towards the positive and price gainers outweighing the price losers by over 4 to 1.

Topping the list on the gainers side were Arabia Investments, Development, Fin. Inv. Holding Comp.-Cash up  0.09 points, to rise 7.38  percent to close the trading session at EGP 1.31 per share, General Silos & Storage up 1.81 points to close at EGP 26.57 growing by 7.31 percent. Making up the final 3 highest gainers in the Top 5 were Egyptian Starch & Glucose up 0.51 points edging forward by 6.85 percent to finish at EGP 7.95, Arab Real Estate Investment CO.-ALICO up 0.05 points and rising 6.67 percent to settle at EGP 0.80 and Alexandria Containers and goods up 13.89 points surging by 6.29 percent to a closing price of EGP 234.84 per share.