Egypt Market Watch | 05 Nov 2015: Positive mood stays on, all sector indices in green, shareholders value US$449 million up …

Cairo, Egypt, Capital Markets in Africa — The Egyptian Exchange equity trading session stayed in the southward region after EGX30 index hit its 3-week high. The market capitalization closed at EGP 452.309 billion after gaining EGP 3.6 billion (US$449 million) relatively to EGP 448.694 billion recorded at the previous trading session. 

The benchmark index EGX30 added 1.23 percent or 91.36 points to end 7,541.72 points. The equal-weighted indexes EGX50 grew by 1.66 percent or 20.79 points to settle at 1,272.39 points (with a year-to-date of -29.27 percent).

EGX70, which measures small and mid-cap index, grew by 1.54 percent or 6.04 points to settle at 397.33 points. The broader index EGX100 also jumped by 1.00 percent or 8.44 points to 852.52 points and the EGX20 capped index gained 2.09 percent or 150.10 points to close at 7,322.48 points.

From market activity viewpoint, today turnover was recorded at EGP 540.231 million exchanged in 274,850,888 traded securities in 14,202 deals. Local and foreign investors came as net sellers with EGP 32 million and EGP 29 million respectively, while Arab investors came as net sellers with EGP 61 million. Institutions came as net buyers 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 Zahraa Maadi Investment & Development jumped by 14.36 percent to close the trading sessions at EGP 13.08 and Alexandria Flour Mills grew by  19.06 percent with a closing price of EGP 17.89. Golden Coast Company climbed by 11.08 percent to conclude at EGP 10.43, Emaar Misr for Development increased by 2.91 percent to settle at EGP 2.76 and Palm Hills Development Company ended at EGP 2.20 after adding 2.24 percent.

Conversely, Lecico Egypt plummeted by 4.73 percent to end at EGP 4.91, United Housing & Development sagged by 10.38 percent to trade at EGP 10.72 and Kafr El Zayat Pesticides faltered by 17.07 percent with a closing price of EGP 17.62. Likewise, Abu Dhabi Islamic Bank Egypt and Sharkia National Food lost 5.16 percent and 3.29 percent to trade at EGP 5.24 and EGP 3.33 respectively.

On the final note, Healthcare & Pharmaceutical added 0.02 percent and Chemical added 0.03 percent. Banks sector index advanced by 0.27 percent or 9.65 points to close at 3,544.71 points, Basic resources sector index rose by 1.96 percent and Food & Beverages soared by 0.57 percent. Construction & Materials added 0.35 percent and Industrial Goods & Services gained 0.81 percent. Travel & Leisure sector index increased by 2.19 percent and Real Estate grew by 2.78 percent. Telecommunications surged by 1.38 percent and Financial Services excluding Banks went up by 2.49 percent.