Egypt Equity Markets | 13 Oct 2015 : Egyptian Equity Markets bear returns, EGX30 rallies by 18.47bps, market cap ends EGP 457 Mill….

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange Equity Markets indices and sectors saw the bear return with only the main index making a late rally to gain at the end of the days session. The equity market capitalisation settled at EGP 457,834 million at the end of the days trading session.

The benchmark index EGX30 gained by 18.47 points or 0.24 percent to end 7669.12 points from the 7650.65 points recorded previously. The equal-weighted index EGX50 however, lost by 0.07 points or 0.01 percent to close on 1280.14 points.

The EGX70 index, which measures small and mid-cap index, decreased by 0.64 percent or 2.55 points to settle at 398.48 points similarly the broader index EGX100 lost by 0.16 percent or 1.38 points to close on 858.87 points while the EGX20 capped index also lost by 0.07 percent or 5.42 points to close at 7355.87 points.

From a market activity standpoint, today’s turnover settled at EGP 566,152 million exchanged in 256 million traded securities in 23,057 deals. Egyptian and foreign investors stepped in as net sellers with EGP 4.1 million and EGP 19.0 million respectively while Arabs came out as net buyers with EGP 39.7 million.

With regards to the 167 listed stocks traded today, there were 55 price gainers and 77 price losers and 35 remaining unchanged bringing the market breadth to end negative. Amongst the gainers were Alexandria Containers and goods which gained by 5.23 percent to close the trading sessions at EGP 283.34, AGMC GROUP FOR INDUSTRIAL COMMERCIAL & FINANCIAL INVESTMENTS which gained by 5.07 percent to close the trading sessions at EGP 1.45 and Egyptian Chemical Industries (Kima) leapt by 6.64 percent to end at EGP 3.38, Paint & Chemicals Industries (Pachin) rose by 4.51 percent with closing price of EGP 44.94. Alexandria Cement jumped by 4.51 percent to conclude at EGP 7.64. 

On the other hand, Orascom Hotels And Development lost by 6.17 percent to end at EGP 7.45, Egyptian Company for Mobile Services (MobiNil) slumped by 4.84 percent with closing price of EGP 100.97. Likewise, Alexandria Pharmaceuticals went down by 4.44 percent to trade at EGP 52.56, Gulf Canadian Real Estate Investment Co. slumped by 3.92 percent to end at EGP 9.06 and Rights Issue Of Cairo Oils& Soap Company-1 plunged by 3.52 percent to trade at EGP 1.37.

In terms of the sectors, Banks sector index grew by 0.40 percent to close at 3,656.46 points. Healthcare & Pharmaceutical decreased by 0.04 percent to close at 2,597.75 points, Chemicals decreased by 0.62 percent to close at 671.45 points. Basic Resources sector index lost by 0.24 percent to close at 424.14 points, Travel & Leisure sector index retreated by 2.06 percent to close on 188.54 points and Food & Beverages increased by 1.24 percent to settle at 1258.78 points. 

In similar vein, Construction & Materials was up by 0.04 percent to close on 1,429.63 points and Industrial Goods & Services increased by 0.55 percent to 1040.84 points.

Real Estate lost by 0.47 percent to close on 1,169.4 points. Telecommunications went down by 0.20 percent to close 302.25 points and Financial Services excluding Banks lowered by 0.28 percent to close on 398.87 points. Finally, Personal & Household sector index increased by 0.29 percent to close on 869.21 points.

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