Egypt Equity Markets | 01 Oct 2015 : Egyptian Equities continue slow down, EGX30 falls 22 bps, market cap loses EGP 7.59 mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading’s remained sluggish again today as trading on several indices including the benchmark index fell slightly dampened mostly by investor sentiment. The equity market capitalization ended at EGP 447,228 billion recorded at the end of the days trading session down by EGP 7,599 million.

The benchmark index EGX30 lost by 22.17 points or 0.30 percent to end 7310.71 points from the 7332.88 points recorded previously. Likewise, the equal-weighted index EGX50 lost by 4.85 points or 0.40 percent to close on 1,210.17 points.

The EGX70 index, which measures small and mid-cap index, decreased by 0.20 percent or 0.77 points to settle at 387.65 points similarly the broader index EGX100 declined by 0.64 percent or 5.42 points to close on 839.19 points while the EGX20 capped index lost by  percent or 13.87 points to close at 6932.93 points.

From market activity viewpoint, today turnover was recorded at EGP 928.6 million exchanged in 120 million traded securities in 12,846 deals. Egyptian and foreign investors stepped in as net sellers with EGP 27.4 million and EGP 23.7 million respectively while Arabs came out as net buyers with EGP 3.7 million.

With regards to the 156 stocks traded today, there were 45 price gainers and 57 price losers and 54 remaining unchanged bringing the market breadth to end negative. The gainers were Cairo Oils & Soap which gained by 9.03 percent to close the trading sessions at EGP 9.42 and National Cement rose by 6.99 percent with closing price of EGP 8.57. General Company For Land Reclamation,Development & Reconstruction jumped by 4.52 percent to conclude at EGP 20.35. Naheem Holding leapt by 3.23 percent to end at EGP 0.32 and North Africa Co. for Real Estate Investment also gained by 3.11 percent to settle at EGP 2.65.

On the other hand, Rights Issue Of Cairo Oils& Soap Company-1 lost by 39.45 percent to end at EGP 1.32, Arab Valves Company plunged by 5 percent to trade at EGP 0.95 and International Co For Investment & Development slumped by 4.78 percent with closing price of EGP 6.57. Likewise, Arabia Investments,Development,Fin. Inv. Holding Comp.-Cash slumped by 4.59 percent to end at EGP 1.04 and Ismailia Development and Real Estate Co went down by 4.51 percent to trade at EGP 4.23.

In terms of the sectors, Banks sector index declined by 0.25 percent to close at 3,509.64 points. Healthcare & Pharmaceutical remained flat to close at 2,595.27 points however Chemicals increased by 0.07 percent to close at 671.42 points. Basic Resources sector index fell by 0.03 percent to close at 394.3 points, Travel & Leisure sector index lost by 0.88 percent to 182.2 points and Food & Beverages rose by 0.14 percent to settle at 1,226.35 points. Construction & Materials was down by 0.34 percent to close on 1,405.34 points and Personal & Household sector index declined by 1.64 percent to close on 834.44 points. The Industrial Goods & Services decreased by 0.19 percent to 1016.94 points and Real Estate grew by 0.18 percent to close on 1,122.9 points. Telecommunications went down by 0.62 percent to close 286.66 points and Financial Services excluding Banks lost by 0.50 percent to close on 363.56 points.

Leave a Comment