Egypt Equity Watch | 7th July 2015: Egyptian equity markets indices continue to dance in the red, Market cap loses EGP 4.8 Mill…

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index, EGX70, EGX100 and the EGX20 capped index continue in the red today amidst the Greek crisis with most of the Indices sustaining losses and market capitalisation dropping EGP 4.8 Million.

The benchmark index EGX30 closed down 117.84 points dropping -1.50 percent to end the day at 7752.94 points from its previous close yesterday (with the resultant year-to-date performance of -13.15 percent and equal t 3404 in US$ terms).

The EGX70 index, which measures small and mid-cap index, was down 5.99 points slipping -1.40 percent  to settle at 419.06 points (-25.89 percent year-to-date return).

The broader index EGX100 was down 13.94 points, a decrease of -1.54 percent to settle at 888.62 points (-18.51 percent year to date performance) and the EGX20 capped index also went down 174.88 points, losing by -2.19 percent to close at 7,826.46 (bringing year-to-date return to -22.02 percent).

From a market activity perspective, today’s turnover took a dive to EGP 479.301 down EGP 4.8 million from EGP 484.187 million recorded at yesterday’s session.

exchanged in 148.588 million traded securities carried out in 18, 120 Trades.

In terms of investor type, Nationals were net sellers of shares and Bonds worth EGP 1.898 million and Arab investors registered EGP 19.74 million, while foreigners recorded a sell value of 103.3 million only. In terms of buy values Nationals were again the most active registering buys to the value of EGP 1.917 Billion while Arabs and Foreign buys registered EGP 26.6 Million and EGP 77.6 Million respectively.

With regards to the price movers and shakers, the market price gainers and losers, there were 17 price gainers and 104 price decliners leaving the market breadth weighted towards the negative and price losers outweighing the price gainers by 6 to 1.

Topping the list on the gainers side were North Africa Company for Real Investment up  0.11 points, a 9.91 percent rise to close the trading session at EGP 2.33, National Cement up 0.92 points to close at EGP 10.30 growing by 9.81 percent . Making up the final 3 highest gainers in the Top 5 were Arab Valves Company up 0.04 points edging forward by 4.35 percent to finish at EGP 0.96, Asiut Islamic Islamic Trading up 0.19 points and rising 3.72 percent to settle at EGP5.30 and United Housing and Development up 0.45 points surging 3.09 percent to a closing price of EGP15.

On the price losers side were Misr National Steel – Ataqa falling -8.54 percent down 0.79 points to end at EGP 8.46, El Nasr for Manufacturing Agricultural Corp which went down 0.66 points plummeting -7.89 percent to trade at EGP 7.70 and Universal for Paper and Packaging Materials (Unipack) down 0.44 points tumbling -7.38 percent to end with a closing price of EGP 5.52. In the same vein, Sidi Kerir Petrochemicals fell by -7.33 percent down to close trading at EGP 11.37 and Sharkia National Foods dipped 0.28 points to close at EGP 3.72, -7 percent down at the end of the day’s session.

On a final note, all the sector indices were ended in the red region again today with no sectors in positive territory. Banks sector index were down -40 percent, down 14.15 points to close at 3,521.37 on its previous close of 3,535.52 points.