Egypt Equity Watch | 21st July 2015: Egyptian equity markets indices start week on a high, EGX30 up 26.78 bps, market cap adds EGP 171 mill…

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index, EGX70, EGX100 and the EGX20 capped index started the week on a high today with most of the Indices recording rises and market capitalisation topping EGP 486,708 Million.

The benchmark index EGX30 closed on 8049.69 up 26.78 points to end the day with an increase of 0.33 percent from its previous close of 8022.91 points  (with the resultant year-to-date performance of -9.82 percent and equal to 3,534 points in US$ terms).

The EGX20 capped index was up 1.44 points, gaining by 0.02 percent to close at 8088.23 up from 8086.79 recorded at the last session (bringing year-to-date return to -19.37 percent).

The EGX70 indexwhich measures small and mid-cap index, was also up 4.89 points to settle at 437.15 points increasing by 1.13 percent  from its previous value of 432.26 registered yesterday (-23.55 percent year-to-date return).

The broader index EGX100 was up 6 points, an increase of 0.67 percent to settle at 908.24 points from it’s previous close of 902.24 (-16.71 percent year to date performance).

From a market activity perspective, today’s market capitalisation added EGP 171 million and settled at EGP 486,708 up from the EGP 486,537 million recorded for the days session exchanged in 165,364 million traded securities carried out in 21,278 Trades.

In terms of investor type, Nationals were net sellers of shares and Bonds worth EGP -17,679 million (sell value EGP 488,986 million and buy value EGP 506,665 million) while Arab investors registered EGP -104,544 million net sales and foreigners recorded a sell value of EGP 89,283 million against a buy value of EGP 176,148 million.

With regards to the market price gainers and losers, there were 67 price gainers and 49 price decliners leaving the market breadth weighted towards the positive and price gainers outweighing the price losers by 1.3 to 1.

Topping the list on the gainers side were Wadi Kom Ombo Land Reclamation up  0.69 points, a rise of 9.22 percent to close the trading session at EGP 8.17 per share, El-Nile Co. For Pharmaceuticals And Chemical Industries up 0.77 points to close at EGP 9.84 growing by 8.49 percent. Making up the final 3 highest gainers in the Top 5 were Gharbia Islamic Housing Development up 0.37 points edging forward by 8.13 percent to finish at EGP4.92, Suez Canal Bank up 0.4 points and rising 7.87 percent to settle at EGP 5.48 and United Arab Shipping up 0.11 points surging by 7.64 percent to a closing price of EGP 1.55 per share.

On the price losers side were TransOceans Tours falling -11.11 percent down 0.01 points to end at EGP 0.08 per share, Egypt Aluminum which went down 1.3 points plummeting -9.06 percent to trade at EGP 13.05 and El Kahera El Watania Investment down 0.56 points tumbling -7.22 percent to end with a closing price of EGP 7.20.

This is followed by Torah Cement which fell by -5.49 percent down 0.86 points to close trading at EGP 14.81 and Misr Chemical Industries which dipped -0.17 points to close at EGP 4.31, -3.79 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 7 sectors in the green zone, 5 in the red zone and 5 unchanged. Leading the way in the green zone were Banks Sector Index which finished the week strongly with a 0.69 percent rise to close the week on 3664.99 points. Chemicals with a 1.30 percent rise taking the value to 667.16 points, Construction and Materials sector index was up 0.67 percent to close at 1494.27.

Also in the green were Real Estate moving upwards by 0.97 percent to close on 1332.49 points, and Health Care and Pharmaceuticals edging up 0.04 percent to close on 2767 points.

In the red zone were Financial Services Excluding Banks falling -0.96 percent to close on 447.12 points  and Telecommunications with a -0.25 percent fall to close at 349.38.


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