Egypt Equity Market | 30 Aug 2015 : Egyptian equities falls, market capitalization US$33 down

Cairo, Egypt (Capital Markets in Africa):- The Bear returned to the Egyptian Exchange equity trading at end of today’s trading session. The market capitalization ended at EGP 437.947 billion after plunging by EGP 262 million (US$33 million); relative to EGP 437.685 billion recorded at previous day trading session.

The benchmark index EGX30 fell by 0.33 percent or 23.55 points to end 7,055.28 points. The equal-weighted indexes EGX50 down by 0.40 percent or 4.81 points to settle at 1,209.06 points.

EGX70, which measures small and mid-cap index, plunged by 0.30 percent or 1.17 points to settle at 385.89 points.

The broader index EGX100 also declined by 0.17 percent or 1.39 points to 823.56 points and the EGX20 capped index drooped by 0.06 percent or 4.80 points to close at 6,869.61 points.

From market activity viewpoint, today turnover was recorded at EGP 368.263 million exchanged in 168.160 million traded securities in 18,152 deals. Nationals were net sellers by EGP 15.7 million, while foreign and Arab traders were net buyers by EGP 1 million and EGP 14.7 million respectively. Retail investors were net sellers, while institutions ended as net buyers.

Out of the 165 traded stocks today, there were 52 price gainers and 67 price losers which bring the market breath ended negative. The gainers were South Cairo & Giza Mills & Bakeries added 9.99 percent to close the trading sessions at EGP 11.01 and El Obour Real Estate Investment gained 9.56 percent with closing price of EGP 4.01. Al Baraka Bank Egypt climbed by 9.34 percent to conclude at EGP 11.00. Emaar Misr for Development also soared by 7.76 percent to settle at EGP 2.50 and El Kahera surged by 7.28 percent to close at EGP 5.45.

Conversely, Egyptian International Pharmaceutical sagged by 7.12 percent to end at EGP 80.80,  Memphis Pharmaceutical  dropped by 6.67 percent to trade at EGP 8.11 and El Arabia for Land  tumbled by 5.83 percent with closing price of EGP 6.78. Likewise, International Co for Investment & Development and Orascom Hotels & Development plummeted by 4.58 percent to end at EGP 6.67 and slumped by 3.70 percent to trade at EGP 8.85 respectively.

On the final note, Healthcare & Pharmaceutical fell by 7.00percent but Chemical rose by 0.21 percent. Banks sector index declined by 0.74 percent or 24.32 points to close at 3,248.13 points, Basic resources sector index added 0.35 percent and Food & Beverages sagged by 0.33 percent. Construction & Materials surged by 0.22 percent but Industrial Goods & Services tumbled by 1.78percent. Travel & Leisure sector index decreased by 0.95 percent while Real Estate surged by 0.64 percent. Telecommunications advanced by 0.04 percent and Financial Services excluding Banks jumped by 0.29 percent.

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