Egypt Market Watch | 04 Nov 2015: Egyptian exchange equity moves to green districts, pull by financial sectors …

Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session advanced to the positive territory, key indices and market capitalization in the green zone. The market capitalization closed at EGP 448.694 billion after gaining EGP 117 million (US$14.5 million) relatively to EGP 448.577 billion recorded at the previous trading session. 

The benchmark index EGX30 added 0.23 percent or 17.40 points to end 7,450.36 points. The equal-weighted indexes EGX50 grew by 0.11 percent or 1.39 points to settle at 1,251.60 points (with a year-to-date of -30.51 percent).

EGX70, which measures small and mid-cap index, advanced by 0.47 percent or 1.83 points to settle at 391.29 points. The broader index EGX100 also jumped by 0.15 percent or 1.27 points to 844.08 points and the EGX20 capped index gained 0.35 percent or 25.07 points to close at 7,172.38 points.

From market activity viewpoint, today turnover was recorded at EGP 366.970 million exchanged in 207,833,210 traded securities in 14,202 deals. Local and foreign investors came as net buyers with EGP 790,000 and EGP 15.6 million respectively, while Arab investors came as net sellers with EGP 16.4 million. Institutions came as net buyers, except the Arab ones, while retail traders were net sellers.

Out of the 162 traded stocks today, there were 45 price gainers and 51 price losers which bring the market breath to end in negative zone. The price movers were Reacap Financial Investments jumped by 9.17 percent to close the trading sessions at EGP 2.38 and Zahraa Maadi Investment & Development grew by  7.92 percent with a closing price of EGP 13.08. Middle Egypt Flour Mills climbed by 3.86 percent to conclude at EGP 15.88, Egyptian Financial Group-Hermes Holding Company increased by 3.15 percent to settle at EGP 9.17 and Egyptian for Developing Building Materials ended at EGP 12.43 after adding 2.90 percent.

Conversely, Sinai Cement plummeted by 4.74 percent to end at EGP 25.32, Egyptian Gulf Bank sagged by 4.70 percent to trade at EGP 1.42 and General Company For Land Reclamation, Development & Reconstruction faltered by 4.29 percent with a closing price of EGP 16.96. Likewise, Cairo Poultry and Rakta Paper Manufacturing lost 3.73 percent and 3.30 percent to trade at EGP 5.93 and EGP 3.81 respectively.

On the final note, Healthcare & Pharmaceutical fell by 0.02 percent but Chemical added 0.15 percent. Banks sector index declined by 0.04 percent or 1.39 points to close at 3,535.06 points, Basic resources sector index declined by 0.17 percent and Food & Beverages sagged by 0.36 percent. Construction & Materials added 0.08 percent and Industrial Goods & Services lost 0.24 percent. Travel & Leisure sector index increased by 0.68 percent, but Real Estate dropped 0.25 percent. Telecommunications plunged by 0.02 percent and Financial Services excluding Banks went up by 1.49 percent.