Egypt Equity Watch | 9th July 2015: Egyptian equity markets indices show late rally, EGX30 ends the week up 88%, market cap ends at EGP 474 mill…

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index, EGX70, EGX100 and the EGX20 capped index ended the week with a late rally today with most of the Indices recording rises and market capitalisation settling at EGP 474,007 Million.

The benchmark index EGX30 closed up 66.41 points increasing by 88 percent to end the day at 7617.49 points from its previous close of 7550.68 yesterday (with the resultant year-to-date performance of -14.67 percent and equal to 3,345 points in US$ terms).

The EGX20 capped index was up 52.05 points, gaining by -0.68 percent to close at 7,717.77 (bringing year-to-date return to -213.06 percent).

The EGX70 index, which measures small and mid-cap index, was also up 3.0 points increasing by 0.73 percent to settle at 415.55 points from its previous value of 412.55 registered yesterday (-26.51 percent year-to-date return).

The broader index EGX100 was up 0.69 points, an increase of -0.08 percent to settle at 874.3 points (-19.82 percent year to date performance).

From a market activity perspective, today’s market capitalisation settled at EGP 474,007 million recorded for the days session exchanged in 125,418 million traded securities carried out in 16,090 Trades.

In terms of investor type, Nationals were net sellers of shares and Bonds to the tune of EGP -18.4 million (sell value EGP 268 mill and buy value EGP 249.5) while Arab investors registered EGP 18.32 million and foreigners recorded a sell value of EGP 0.106 million only.

With regards to the market price gainers and losers, there were 79 price gainers and 14 price decliners leaving the market breadth weighted towards the positive and price gainers outweighing the price losers by 5 to 1 reversing the  previous trend.

Topping the list on the gainers side were Marsa Marsa Alam For Tourism Development up  0.22 points, an 11.28 percent rise to close the trading session at EGP 2.17, Sharkia National Foods up 0.26 points to close at EGP 3.70 growing by 7.56 percent . Making up the final 3 highest gainers in the Top 5 were Gulf Canadian Real Estate Investment Co up 0.48 points edging forward by 5.69 percent to finish at EGP 8.91, Universal for Paper and Packaging Materials (Unipack) up 0.31 points and rising 5.67 percent to settle at EGP 5.78 and Nasr Company For Civil Works up 0.79 points surging by 5.21 percent to a closing price of EGP 15.95.

On the price losers side were GB Auto falling -7.12 percent down 0.28 points to end at EGP 3.65, North Africa Co For Real Estate Investment which went down 0.15 points plummeting -6.44 percent to trade at EGP 2.18 and Alexandria Cement down 0.5 points tumbling -6.02 percent to end with a closing price of EGP 7.81.

This is followed by Extracted Oils which fell by -5.48 percent down 0.04 points to close trading at EGP 0.69 and Misr Beni Suef Cement dipped 2 points to close at EGP 38, -5 percent down at the end of the day’s session.

On a final note, most of the sector indices also ended the week in bullish mood with 9 in the green zone and 3 in the red region. Leading the way were Chemicals Sector Index which finished the week strongly with a 2.18 percent rise to close the week on 620.12 points. Travel and Leisure with a 1.55 percent rise taking the value to 187.64 points, Banks sector index was up -1.27 percent to close at 3,442.38 and Financial Services Excluding Banks with a 1.24 percent rise to close at 424.08. Also in the green were Real Estate moving upwards by 0.75 percent to close on 1278.85 points, Telecommunications rising 0.7 percent to close on 335.49 points and Health Care and Pharmaceuticals edging up 0.52 to close on 2743.41 points.

On the Losers side were Personal and Household Products falling by 0.88 percent to close on 814.25 points and Basic Resources which fell by 0.22 percent to settle at 348.07 points.