Egypt Equity Watch | 29th 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 155.8 points to close the day on 8105.69, an increase of 1.96 percent from its previous close of 7,949.89 points (with the resultant year-to-date performance of -9.20 percent and equal to 3,559 points in US$ terms).

The EGX20 capped index was up 182.37  points, rising by 2.30 percent to close at 8115.72 up from 7933.35 recorded at the last session (bringing year-to-date return to -19.09 percent).

The EGX70 index was also up 7.08 points to settle at 454.25 points increasing by 1.58 percent from its previous value of 447.17 registered yesterday (-20.92 percent year-to-date return).

The broader index EGX100 was up 14.4 points to settle at 928.94 points an increase of  1.57 percent from it’s previous close of 914.54 recorded yesterday (-14.81 percent year to date performance).

From a market activity perspective, today’s market capitalisation settled at EGP 494,225 million recorded for the day’s session (up EGP 6.14 million from EGP 488,081 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 -56,195,837 million (sell value EGP 832,833,514 million and buy value EGP 776,637 million) while Arab investors registered EGP 15,354  million net sales and EGP 53,867 million buys.

With regards to the market price gainers and losers, the tables were completely reversed from trading yesterday as the session today recorded 128 price gainers and 21 price decliners with 23 securities remaining unchanged leaving the market breadth weighted towards the positive and price gainers outweighing the price losers by over 6 to 1.

Topping the list on the gainers side were Belton Financial Holding up  0.37 points, to rise 9.97 percent to close the trading session at EGP 4.08 per share, General Silos & Storage up 2.65 points to close at EGP 29.22 growing by 9.97 percent.

Making up the final 3 highest gainers in the Top 5 were Misr National Steel – Ataqa up 0.84 points edging forward by 9.87 percent to finish at EGP 9.35, El Nasr Transformers (El Maco) up 0.48 points and rising 9.07 percent to settle at EGP 5.77 and AJWA for Food Industries company Egypt up 0.20 points surging by 8.97 percent to a closing price of EGP 2.43 per share.