Egypt Equity Markets | 05 Oct 2015 : Egyptian Equities still in bearish mood, EGX30 drops by 24bps, market cap sheds EGP 949 mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading kept on in bearish mood as indices and sector losses continued on the exchange including the benchmark index and most major sectors. The equity market capitalization ended at EGP 443,121 billion recorded at the end of the days trading session down by EGP 949 million.

The benchmark index EGX30 lost by 24.02 points or 0.33 percent to end 7239.27 points from the 7263.29 points recorded previously. Likewise, the equal-weighted index EGX50 lost by 2.33 points or 0.19  percent to close on 1196.69 points.

The EGX70 index, which measures small and mid-cap index, decreased by 0.15 percent or points to settle at 384.83 points similarly the broader index EGX100 declined by 0.11 percent or 0.97 points to close on 832.8 points while the EGX20 capped index lost by 0.43 percent or 29.87 points to close at 6838.46 points.

From market activity viewpoint, today turnover was recorded at EGP 336.1 million exchanged in 72.1 million traded securities in 10,769 deals. Egyptian and foreign investors stepped in as net sellers with EGP 19.5 million and EGP 47.5 million respectively while Arabs came out as net buyers with EGP 28.3 million.

With regards to the 156 stocks traded today, there were 41 price gainers and 72 price losers and 43 remaining unchanged bringing the market breadth to end negative. The gainers were Rights Issue Of Cairo Oils & Soap Company-1 which gained by 30.49 percent to close the trading sessions at EGP 1.07 and Ismailia Development and Real Estate Co leapt by 6.43 percent to end at EGP 4.47, Natural Gas & Mining Project (Egypt Gas) rose by 5.63 percent with closing price of EGP 38.25. Nozha International Hospitals jumped by 5.26 percent to conclude at EGP 35.64. Credit Agricole Egypt leapt by 4.08 percent to end at EGP 23.99.

On the other hand, Delta Sugar lost by 5.62 percent to end at EGP 9.91, Al Baraka Bank Egypt plunged by 4.57 percent to trade at EGP 10.03 and Mena Touristic & Real Estate Investment slumped by 3.36 percent with closing price of EGP 1.15. Likewise, General Company For Land Reclamation,Development & Reconstruction slumped by 3.35 percent to end at EGP 19.90 and Arab Moltaka Investments Co went down by 3.07 percent to trade at EGP 15.47.

In terms of the sectors, Banks sector index declined by 0.45 percent to close at 3,484.38 points. Healthcare & Pharmaceutical receded by 0.57 percent to close at 2,594.23 points, Chemicals decreased by 0.02 percent to close at 668.45 points. Basic Resources sector index fell by 0.43 percent to close at 389.34 points, Travel & Leisure sector index lost by 0.68 percent to close on 179.49 points and Food & Beverages fell by 1.01 percent to settle at 1,204.76 points. 

On the other side Construction & Materials was up by 0.23 percent to close on 1,398.04 points however Industrial Goods & Services decreased by 0.19 percent to 1007.15 points.

Real Estate retreated by 0.66 percent to close on 1,099.32 points. Telecommunications went down by 0.76 percent to close 282.78 points and Financial Services excluding Banks up by 0.70 percent to close on 362.42 points. Finally, Personal & Household sector index on the other hand decreased by 0.10 percent to close on 833.97 points.

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