Egypt Market Watch | June 24th 2015: Egyptian equities show signs of recovery…Market Cap ends at EGP 486 Bill

Cairo, Egypt (Capital Markets in Africa):- The Egyptian equity indices and market capitalisation ended showing signs of recovery as a number of indices recorded minor gains during trading today. The market capitalization ended at EGP 486.888 billion, losing EGP 0.7 billion relative to EGP 487.589 billion recorded at the previous days trading session, fuelled by increased trading activity from Nationals into Food and Cement. The benchmark index EGX30 gained by 0.14 percent or 69.11 points to close at 8,456.82 points (-5.26 percent year-to-date performance). The small and mid-cap index EGX70 depreciated by -0.40 percent or -1.80 points to settle at 445.71 points (-21.17 percent year-to-date return). The broader index EGX100 plunged by -0.19 percent or 1.75 points to 943.55 points from 945.3 yesterday (-13.47 percent year to date performance) and the EGX20 capped index gained by 0.51 percent or 43.18 points to close at 8,558.25 points (-14.68 percent year-to-date). From market activity perspective, today turnover was recorded at EGP 359,214 million generated from 88,493 million traded securities. In terms of investor type, Arab traders were net sellers by EGP 10 million, while national and foreign traders were net buyers by EGP 144 million and EGP 0.8 million in a row. In terms of the market leaders and laggards, out of the 170 listed stocks, 64 were gainers, 59 were losers and 47 remained unchanged, hence the market breadth (measured as a ratio of gainers to losers) settled within the positive. The Top price gainers were Sharkia National Food growing 6.79 percent to close the trading sessions at EGP 4.09 and South Valley Cement advancing by 6.41 percent with a closing price of EGP 4.98. Equally, Internationa Co for Investment and Development surged by 4.67 percent to conclude at EGP 7.40 and Lecico Egypt added 3.64 percent to settle at EGP 5.98. The Development and Engineering Consultants crept up 3.17 percent to complete the Top 5 gainers closing at EGP 10.75. In the losers corner, Upper Egypt Flour Mills plunged by -9.77 percent to end at EGP 66.29, Torah Cement fell by -5.44 percent to trade at EGP 15.13 and Qatar National Bank Alahly declined by -3.74 percent with a closing price of EGP 35.25. Making up the bottom 2 of the Top 5 losers were Al Baraka Bank Egypt and Alexandria Mineral Oils Company dropped by 3.18 percent and 3.06 percent to trade at EGP 10.65 and EGP 45 respectively. On a final note, most of the sector indices ended in the green zone today apart from Banks sector index which lost 0.61 percent or 23.58 points to close at 3,815.7 points and Basic Resources which dipped by 1.56 percent and Chemicals which sunk 0.34 percent. On the gainers side, Travel and Leisure were up 1.65 percent and Construction and Materials were up 1.37 percent respectively. Equally, Food and Beverages were up by 1.35 percent and Financial Services excluding Banks sector index were flying at 0.67 percent. Likewise, Healthcare and Pharmaceuticals were up 0.78 percent and Personal & Household Products were up 0.1 percent. Real Estate sector index climbed by 0.8 percent and Industrial Goods and Services and Automobiles crept up by 0.3 percent.

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