Egypt Market Watch | 28 June 2015: Egyptian equities strengthen, market cap gains US$457 million.

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets began the week trading on positive note, all the indices and market capitalization ended today’s trading session in green.The market capitalization ended at EGP 489.615 billion; adding EGP 3.5 billion (or US$457 million) relative to EGP 486.133 billion recorded at the previous trading session.

The benchmark index EGX30 added 1.26 percent or 105.81 points to end the day above the 8,500 points barrier at 8,511.98 points (-4.64 percent year-to-date performance).

EGX70, which measures small and mid-cap shares, inched higher 0.91% to 450.74 points, while the broader index EGX100 ended 0.88% higher at 952.48 points.

EGX70, which measures small and mid-cap index, edged up by 0.19 percent or 4.05 points to settle at 450.74 points (-20.28 percent year-to-date return).

The broader index EGX100 climbed by 0.88 percent or 8.31 points to 952.48 points (-12.65 percent year to date performance) and the EGX20 capped index surged by 1.86 percent or 158.36 points to close at 8,716.38 points (-13.48 percent year-to-date).

From market activity perspective, today turnover was recorded at EGP 319.344 million generated from 149.845 million traded securities. In term of investor type, Egyptian investors were net buyers by EGP 46 million, while foreign and Arab traders were net sellers by EGP 45.6 million and EGP 428,000 respectively. Institutional traders were mostly sellers, while retail traders were net buyers.

In term of the market price gainers and losers, there were 103 price gainers and 19 price losers which bring the market breath to end at positive. The price gainers were TransOceans Tours grew by 12.50 percent to close the trading sessions at US$ 0.09 and North Africa Company for Real Estate Investment advanced by 9.42 percent with closing price of EGP 1.51. Equally, Intenational Company for Investment & Development Egypt edge by 8.39 percent to conclude at EGP 7.88 and BISCO Misr Egypt gained 6.61 percent to settle at EGP 86.

On the contrary, Nasr Company for Civil Works fell by 5.81 percent to end at EGP 16.53, Cairo Educational Services plummeted by 5.15 percent to trade at EGP 9.95 and Assiut Islamic Trading  tumbled by 4.75 percent with closing price of EGP 5.61. Equally, El Kahera El Watania Investment  and Natural Gas & Mining Project plunged by 4.27 percent and 3.80 percent to trade at EGP 7.85 and EGP 28.09 respectively.

On the final note, all the sector indices ended in green region today, Banks sector index gained 0.41 percent or 15.37 point to close at 3,794.94 points, Industrial Goods & Services sector index (gained by 0.22 percent) and Travel & Leisure (rose by 3.35 percent). In addition, Chemicals and Construction & Materials added 0.68 percent and 2.08 percent respectively. Equally, Basic Resources (climbed by 3.57 percent) and Food & Beverages sector index (surged by 0.48 percent). Likewise, Financial Services excluding Banks grew by 1.69 percent and Personal & Household gained 0.65 percent. Also, Telecommunications rose by 2.76 percent and Real Estate rose by 1.95 percent.