Egypt Equity Market | 26 Aug 2015 : Egyptian equities bullish sentiment sustains, EGX30 0.53% higher, EGX100 up 1.12%..

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange bullish sentiment was sustained today as indices rebounded and the market capitalization ended at EGP 424.890 billion relative to EGP 420.8 billion recorded at previous days trading session although stock price losers outweighed gainers.

The benchmark index EGX30 surged by 0.53 percent or 36.54 points to end 6873.49 6,836.95 points conversely, the equal-weighted indexes EGX50 fell by -0.10 percent or 1.20 points to settle at 1172.54 points.

EGX70, which measures small and mid-cap index, added o.34 percent or 1.28 points to settle at 373.70 points.

The broader index EGX100 also advanced by 1.12 percent or 0.96 points to 803.19 points and the EGX20 capped index jumped by 0.20 percent or 13.54 points to close at 6644.27 points.

From a market activity viewpoint, todays turnover was recorded at EGP 284,406 million exchanged in 164,488 million traded securities in 16,924 deals.  In term of investor type, Arab investors came as net buyers with EGP 21.7 million, while nationals and foreigners stepped in as net sellers with EGP 9.7 million and EGP 9.2 million respectively.

Out of the 167 traded stocks today, there were 52 price gainers and 62 price losers and 43 remaining unchanged leaving the market breadth to end negative. The price movers were El Kahera El Watania Investment gaining 9.87 percent to close the trading sessions at EGP 4.90 and Acrow Misr grew by  6.96 percent with closing price of EGP 34.56. Raya Holding For Technology And Communications climbed by 5.25 percent to conclude at EGP 4.81, Engineering Industries (ICON) increased by 4.94 percent to settle at EGP 7.01 and Arab Moltaka Investments Co ended at EGP 15.70 after adding 3.84 percent.

Conversely, Belton Financial Holdings (Right issue) plummeted by 45.45 percent to end at EGP 0.12, Tourism Urbanization plunged by 9.66 percent to trade at EGP 8.23 and Memphis Pharmaceuticals sagged by 9.29 percent with closing price of EGP 9.18. Likewise, Misr Duty Free Shops and Alexandria National Company for Financial Investment plummeted by 8.47percent and 7.40 percent to trade at EGP 3.46 and EGP 8.38 respectively.

On the final note, Healthcare & Pharmaceutical fell by 0.01 percent but Chemicals rose by 0.13 percent. Banks sector index advanced by 1.07 percent, Basic resources sector index fell by 0.16 percent and Food & Beverages soared by 0.35 percent. Construction & Materials declined 0.07 percent and Industrial Goods & Services added 0.49 percent. Travel & Leisure sector index retreated by 0.60 percent and Real Estate surged by 0.26 percent. Telecommunications decreased by 0.49 percent and Financial Services excluding Banks went down by 0.01 percent.

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