Egypt Market Watch | June 22nd 2015: Egyptian stock exchange ends in mix feelings, indices fall but market cap EGP 1.6 billion gains.

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices continued in red, however the market capitalisation added around EGP 1.6 billion to close at EGP 490.115 billion (against EGP 488.511 billion recorded previous trading session).

The benchmark index EGX30 sagged by 0.54 percent or 45.78 points to end the day at 8,489.41 points (-4.90 percent year-to-date performance). Likewise, the small and mid-cap index EGX70 fell by 1.34 percent or 6.13 points to settle at 450.25 points (-20.37 percent year-to-date return). Also, the broader index EGX100 plunged by 0.91 percent or 8.74 points to 950.43 points (-12.84 percent year to date performance) and the EGX20 capped index declined by 1.14 percent or 99.22 points to close at 8,617.16 points (-14.09 percent year-to-date).

From market activity perspective, today turnover was recorded at EGP 152.6139 million generated from 51.094 million traded stocks. In term of investor type, Arab traders were net sellers by EGP 113.2 million, while national and foreign traders were net buyers by EGP 4.8 million and EGP 108.4 million in a row. Retail investors – excluding nationals – were mostly sellers, while institutions were net buyers.

In term of the market leaders and laggards, out of the 164 securities traded today, 115 were laggards, 20 leaders and 29 remained flat, hence the market breath (measured as ratio of leaders to laggards) settle at negative. The price leaders were Modern Shorouk Printing & Packaging grew by 8.74 percent to close the trading sessions at EGP 11.69 and Egypt Aluminium advanced by 3.08 percent with closing price of EGP 13.40. Equally, EL Kahera Egypt edge by 2.72 percent to conclude at EGP 8.68 and Egyptian Gulf Bank  added 1.36 percent to settle at EGP 1.49.

On the contrary, Rowad Tourism fell by 8.66 percent to end at EGP 5.38, GB AUTO plunged by 6.56 percent to trade at EGP 4.56 and Reacap Financial Investments tumbled by 6.20 percent with closing price of EGP 2.27. Equally, Lecico Egypt and General Company for Land Rec dropped by 5.83 percent and 5.01 percent to trade at EGP 5.65 and EGP 18.77 respectively.

On the final note, most of the sector indices ended in red territory today apart from Banks sector index gained 0.29 percent or 10.95 point to close at 3,818.26 points. Contrary, Basic Resource and Industrial Goods & Services lost 2.83 percent and 2.62 percent respectively. Equally, Telecommunications went down by 1.87 percent and Financial Services excluding Banks sector index plunged by 1.47 percent. Likewise, Chemicals fell by 1.09 percent and Construction & Materials lost 1.13 percent. Also, Real Estate sector index tumbled by 1.05 percent and Food & Beverages dropped by 0.77 percent.