Egypt Market Watch | 03 Nov 2015: Egyptian exchange equity indices end in red, market cap depletes by US$55 million

Cairo, Egypt, Capital Markets in Africa — On Tuesday, the Egyptian Exchange equity trading session ended in the red zone. The market capitalization closed at EGP 448.577 billion after dropping EGP 433.6 billion (US$54.8 million) relatively to EGP 449.011 billion recorded at previous trading session. 

The benchmark index EGX30 sagged by 0.02 percent or 1.73 points to end 7,432.96 points. The equal-weighted indexes EGX50 edged own by 0.05 percent or 1.20 points to settle at 1,250.21 points (with a year-to-date of -30.51 percent).

EGX70, which measures small and mid-cap index, fell by 0.44 percent or 1.73 points to settle at 389.46 points. The broader index EGX100 also declined by 0.24 percent or 2.04 points to 842.81 points and the EGX20 capped index slide by 0.19 percent or 13.32 points to close at 7,147.31 points.

From market activity viewpoint, today turnover was recorded at EGP 351.648 million exchanged in 190,497,255 traded securities in 13,933 deals. Foreign and Arab investors came as net buyers with EGP 20.5 million and EGP 11.1 million respectively, while local investors came as net sellers with EGP 31.6 million. Institutions came as net buyers, while retail traders were net sellers.

Out of the 153 traded stocks today, there were 43 price gainers and 68 price losers which bring the market breath to end in negative zone. The price movers were Alexandria National Company for Financial Investment gained 9.73 percent to close the trading sessions at EGP 9.02 and Orascom Development Holding grew by  7.41 percent with closing price of EGP 5.51. El Kahera El Watania Investment climbed by 4.88 percent to conclude at EGP 4.94, Orascom Hotels And Development increased by 3.87 percent to settle at EGP 7.79 and Rubex International for Plastic & Acrylic Manufacturing ended at EGP 9.07 after adding 3.19 percent.

Conversely, Pyramisa Hotels plummeted by 9.91 percent to end at EGP 19.54, Nozha International Hospital plunged by 7.10 percent to trade at EGP 33.11 and Nozha International Hospital sagged by 6.28 percent with closing price of EGP 6.57. Likewise, Delta Sugar and Wadi Kom Ombo Land Reclamation plummeted by 4.85 percent and 4.81 percent to trade at EGP 10.21 and EGP 6.33 respectively.

On the final note, Healthcare & Pharmaceutical grew by 2.51 percent but Chemical fell by 0.22 percent. Banks sector index advanced by 0.09 percent or 3.07 points to close at 3,536.46 points, Basic resources sector index declined by 0.16 percent but Food & Beverages soared by 1.05 percent. Construction & Materials added 0.04 percent but Industrial Goods & Services lost 1.04 percent. Travel & Leisure sector index decreased by 0.20 percent and Real Estate dropped 0.04 percent. Telecommunications plunged by 0.97 percent and Financial Services excluding Banks went up by 0.07 percent.