African Market Watch: Thursday, 5th March 2015

African Market Watch: Thursday, 5th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices advanced collectively today as the benchmark index EGX30 added 1.21% or 115pts to close at 9575.98 points. However, the market capitalization has lost around EGP 1.1 billion ($143 million). Today, EGX indices rebounded on the return of the purchasing power, particularly the blue chip stocks, where the benchmark surpassed level of 9500 points. The EGX70, which measures small and mid-cap stocks, went up 0.90% to 566.52pts and the…

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African Market Watch: Wed, 4th March 2015

African Market Watch: Wed, 4th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices retreated collectively on Wednesday, while the market capitalization added EGP 727mn amid buy spree by Local institutions and Arab retail investors. The benchmark index EGX30 inched down by 0.15% or 14.2pts to end at 9461.06 points. Likewise, the EGX70, which measures small and mid-cap stocks, went down 0.16% to 561.49pts and the broader index EGX100 lost 0.19% at 1122.37pts. Today’s turnover amounted to EGP 531mn, while traded volume reached…

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African Market Watch: Tuesday, 3rd March 2015

African Market Watch: Tuesday, 3rd March 2015

Egypt: Indices of the Egyptian Exchange (EGX) closed on mixed performance today, as the market capitalization added EGP174.5mn backed by the buying spree of Local institutions for second day in row. The benchmark index EGX30 inched up by 0.20% or 19pts to end at 9475.27pts. The EGX70, which measures small and mid-cap stocks, went down 0.49% to 562.41pts and the broader index EGX100 lost 0.18% at 1124.5pts. Today’s turnover amounted to EGP551.6mn, while traded volume…

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African Market Watch: Monday, 2nd March 2015

African Market Watch: Monday, 2nd March 2015

Egypt: The Egyptian Exchange (EGX) indices rallied on Monday, gaining nearly EGP 5.8bn, amid a buying spree among local institutions. The benchmark index EGX30 rose 1.86% – its biggest one day gain in a month and a half – to close at 9456.33 points. Monday’s turnover amounted to EGP 492.2 mn, while traded volume reached 106mn shares. The small and mid-cap index EGX70 also gained 1.34% to 565.16pts, while the broader index EGX100 shut 1.30%…

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African Market Watch: Friday, 27th February 2015

African Market Watch: Friday, 27th February 2015

Egypt: The Egyptian market was closed today. Ghana: Trading activity remained high with impressive volume and turnover being recorded at today. At the close of trading fourteen equities had their shares being traded in with total volume of 87,531 shares with market capitalization valued at GHC63.6bn. Likewise, the indices returned to positive, the benchmark Composite Index went up 15.4pts to close at 2,177.95pts; this brings its year-to-date change to -3.67%. Similarly, the Financial Index also rose…

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African Market Watch: Thurs, 26th February 2015

African Market Watch: Thurs, 26th February 2015

Egypt: Egyptian stocks fell to the lowest level in more than five weeks on the back of intensive profit taking operations. The benchmark index EGX30 lost 1.43% to close at 9334pts. The index resumed its sharp decline for the second session in row to hit its lowest level since the middle of last January. The EGX70, which measures small and mid-cap stocks, went down 0.88% to close at 558pts and the broader index lost 0.86% at…

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African Market Watch: Wed, 25th February 2015

African Market Watch: Wed, 25th February 2015

Egypt: The Egyptian Exchange (EGX) indices have plummeted on Wednesday, as the market capitalization lost around EGP6.4bn.  Today, EGX indices have pulled down on the back of strong selling pressures from both local institutions and Arab retail traders. The benchmark EGX30 has slipped 1.48% or 142 pts to 9469.08pts. The benchmark has major support zone at level of 9433 pts on the short-term and upon crossing it the index will re-test levels of 9780 and…

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