Egypt Equity Watch | 16th July 2015: Egyptian equity markets indices end week on a high, EGX30 up 140.92 bps, market cap tops EGP 486 mill…

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index, EGX70, EGX100 and the EGX20 capped index ended the week on a high today with most of the Indices recording rises and market capitalisation topping EGP 486 Million.

The benchmark index EGX30 closed on 8022.91 points up 140.92 points to end the day with an  increase of 1.78 percent from its previous close of 7882.62 yesterday (with the resultant year-to-date performance of -10.12 percent and equal to 3,523 points in US$ terms).

The EGX20 capped index was up 204.39 points, gaining by 2.59 percent to close at 8086.79 (bringing year-to-date return to -19.38 percent).

The EGX70 index, which measures small and mid-cap index, was also up 4.37 points increasing by 1.02 percent to settle at 432.26 points from its previous value of 427.89 registered yesterday (-23.55 percent year-to-date return).

The broader index EGX100 was up 12.75 points, an increase of 1.43 percent to settle at 902.24 points from it’s previous close of 889.49 (-17.26 percent year to date performance).

From a market activity perspective, today’s market capitalisation settled at EGP 486,537 million recorded for the days session exchanged in 208,612 million traded securities carried out in 19,377 Trades.

In terms of investor type, Nationals were net sellers of shares and Bonds worth EGP -48,945 million (sell value EGP 544,782 million and buy value EGP 495,837 million) while Arab investors registered EGP 11,755 million net sales and foreigners recorded a sell value of EGP 37,189 million.

With regards to the market price gainers and losers, there were 107 price gainers and 26 price decliners leaving the market breadth weighted towards the positive and price gainers outweighing the price losers by 4 to 1.

Topping the list on the gainers side were Grand Investment Capital up  0.44 points, a rise of 8.46 percent to close the trading session at EGP 5.64 per share, Middle Egypt Flour Mills up 1.1 points to close at EGP 16.24 growing by 7.27 percent . Making up the final 3 highest gainers in the Top 5 were United Arab Shipping  up 0.09 points edging forward by 6.67 percent to finish at EGP 1.44, Torah Cement up 0.96 points and rising 6.53 percent to settle at EGP 15.67 and Nasr Company For Civil Works up 0.95 points surging by 5.96 percent to a closing price of EGP 16.90 per share.

On the price losers side were Misr Hotels falling -7.10 percent down 1.3 points to end at EGP 17 per share, United Housing & Development which went down 0.48 points plummeting -3.20 percent to trade at EGP 14.52 and Misr Chemical Industries down 0.28 points tumbling -2.61 percent to end with a closing price of EGP 4.48.

This is followed by International Co For Investment & Development which fell by -2.48 percent down 0.19 points to close trading at EGP 7.46 and Delta Sugar dipped 0.24 points to close at EGP 10.26, -2.29 percent down at the end of the day’s session.

On a final note, most of the sector indices also ended the week in bullish mood with 12 sectors in the green zone. Leading the way were Basic Resources Sector Index which finished the week strongly with a 3.99 percent rise to close the week on 366.02 points. Travel and Leisure with a 1.97 percent rise taking the value to 197.94 points, Banks sector index was up 0.60 percent to close at 3,639.9 and Financial Services Excluding Banks with a 3.35 percent rise to close at 451.44. Also in the green were Real Estate moving upwards by 2.89 percent to close on 1319.72 points, Telecommunications rising 1.72 percent to close on 350.27 points and Health Care and Pharmaceuticals edging up 1.77 percent to close on 2765.82 points.