Egypt Equity Market | 27 Aug 2015 : Egyptian equities bull rides on, EGX30 2.9% higher, EGX100 up 2.71%, market cap adds EGP 12.7 mill…..

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange bull market kept riding on today as indices crept up further into the green zone. The market capitalization ended at EGP437.685 billion relative to EGP424.890 billion recorded at previous days trading session with stock price gainers vastly outweighing price losers.

The benchmark index EGX30 surged by 2.99 percent or 205.34 points to end 7078.83 points up from 6873.49, conversely, the equal-weighted indexes EGX50 rose by 3.52 percent or 41.33 points to settle at 1213.87 points.

EGX70, which measures small and mid-cap index, added 3.58 percent or 13.36 points to settle at 387.06 points.

The broader index EGX100 also advanced by 2.71 percent or 21.76 points to 824.95 points and the EGX20 capped index jumped by 3.45 percent or 229.14 points to close at 6873.41 points.

From a market activity viewpoint, todays turnover was recorded at EGP406,105 million exchanged in 203,293 million traded securities in 21,793 deals. In term of investor type, Arab investors came as net buyers with EGP 31.3 million, while nationals and foreigners stepped in as net sellers with EGP 508.6 million and EGP 40.2 million respectively.

Out of the 169 traded stocks today, there were 134 price gainers and 9 price losers with 26 remaining unchanged leaving the market breadth to end positive. The price movers were Saudi Egyptian Investment & Finance gaining 9.29 percent to close the trading sessions at EGP 60.22, Orascom Construction Industries (OCI) grew by 8.86 percent with closing price of EGP 229.89. Alexandria Flour Mills climbed by 8.56 percent to conclude at EGP 18.64, Emaar Misr for Development increased by 8.41 percent to settle at EGP 2.32 and Egyptian Starch & Glucose ended at EGP 6.41 after adding 8.28 percent.

Conversely, Nasr Company for Civil Works plummeted by -7.71 percent to end at EGP 13.04, Kafr El Zayat Pesticides plunged by -6.59 percent to trade at EGP 18.01 and Memphis Pharmaceuticals sagged by -5.34 percent with closing price of EGP 8.69. Likewise, Alexandria National Company for Financial Investment and National Bank Of Kuwait- Egypt- NBK declined by -2.86 percent and  -0.47 percent to trade at EGP 8.14 and EGP 19.09 respectively.

On a final note all Sectors were in the green zone today, Healthcare & Pharmaceutical rose by 0.09 percent, Chemicals rose by 1.44 percent and Personal and Household Products surged by 2.86 percent. Banks sector index advanced by 1.90 percent, Basic resources sector index increased by 4.95 percent and Food & Beverages soared by 4.76 percent. Construction & Materials increased by 4.76 percent and Industrial Goods & Services added 1.56 percent. Travel & Leisure sector index gained by 4.64 percent and Real Estate surged by 3.82 percent. Telecommunications rose by 2.98 percent and Financial Services excluding Banks went down by 4.56 percent.

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