Egypt Equity Markets | 7 Sep 2015 : Egyptian Exchange negative sentiment continues; EGX30 down by 107.30bps…

CAIRO, Egypt, Capital Markets in Africa — Egyptian Exchange equity trading continued on negative today, after the equity market capitalization decreased by EGP 5.793 million to end at EGP443.928 billion from EGP 449.721 billion recorded at previous day trading session.

The benchmark index EGX30 tumbled by 107.30 points or 1.48 percent to end 7,166.62 points. The equal-weighted indexes EGX50 also went down by 1.91 percent or 23.58 points to settle at 1,213.56 points.

EGX70 index, which measures small and mid-cap index, sagged by 0.90 percent or 3.53 points to settle at 387.63 points.

The broader index EGX100 fell by 1.06 percent or  8.97 points to 833.38 points and the EGX20 capped index slumped by 2.20 percent or 155.25 points to close at 6,908.28 points.

From market activity viewpoint, today’s turnover was recorded at EGP 430.279 million exchanged in 202.294 million traded securities in 21,348 deals. Egyptian and foreign investors stepped in as net sellers with EGP 5.7 million and EGP 3.4 million respectively while Arabs came out as net buyers with EGP 9.1 million.

Among the 163 traded stocks today, there were 31 price gainers and 115 price losers bringing the market breadth to end negative. The gainers were Mansourah Poultry soared by 8.88 percent to close the trading sessions at EGP 16.11 and Alexandria New Medical Center rose by 6.18 percent with a closing price of EGP 19.74. Pyramisa Hotels jumped by 5.77 percent to conclude at EGP 18.01. North Africa Co. for Real Estate Investment also gained by 4.49 percent to settle at EGP 1.96 and Egyptian Arabian (cmar) Securities Brokerage EAC rose by 2.06 percent to close at EGP 0.7.

On the other hand, El Orouba Securities Brokerage sagged by 9.78 percent to end at EGP 0.92, Maridive & oil services plunged by 5.88 percent to trade at EGP 0.34 and Misr National Steel – Ataqa slumped by 5.80 percent with closing price of EGP 5.62. Likewise, Assiut Islamic Trading and Qatar National Bank Alahly slumped by 5.76 percent to end at EGP 5.38 and 5.24 percent to trade at EGP 37 respectively.

On a final note, Basic resources sector index ended at 405.21 points after sagging by 2.48 percent or 10.32 points, Healthcare & Pharmaceutical lost 01.38 percent to end 2,653.43 and Chemicals fell by 0.40 percent to 680.13Banks sector index fell by 0.80 percent or 28.16 points to close at 3,321.49 points, Travel & Leisure sector index plunged 2.22 percent to 193.2 points and Food & Beverages slumped by 1.82 percent to end 1215.83 points. Construction & Materials shred off 1.23 percent and Personal & Household sector index surged by 0.92 percent. The Industrial Goods & Services fell by 3.78 percent and Real Estate decreased by 1.75 percent. Telecommunications tumbled by 1.62 percent and Financial Services excluding Banks sagged by 2.59 percent.

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