Egyptian Exchange EGX 30 Price Index Rises, South Africa FTSE/JSE Breadth Strengthens

CAIRO (Capital Markets in Africa) – Market breadth for the FTSE/JSE Africa All Share Index strengthened as the number of companies that rose exceeded declining shares by 114 to 40, the most since Feb. 15. The South Africa FTSE/JSE rose for the second day, climbing 2.3 percent, or 1,330.46 to 59,242.86. Bloomberg’s market breadth function helps you analyse the main stock indexes around the world, highlighting when an unusual percentage of index members breach technical levels ranging from 52 week high/low to MACD trends. Whenever a value is highlighted in green or red, you’re getting a signal that breadth is very strong or weak.

Egyptian Exchange EGX 30 Price Index Rises 1.8%; COMI EC Leads The Egyptian Exchange EGX 30 Price Index rose for the third   day, climbing 1.8 percent, or 280.65 to 15,989.66. The move was the biggest   since rising 2.2 percent on Feb. 7. The MSCI Emerging Markets Europe, Middle   East and Africa Index advanced 2.4 percent. Commercial International Bank Egypt SAE contributed the most to the advance,   rising 3.2 percent. Ghabbour Auto increased 6.5 percent, the biggest gain.   Juhayna Food Industries fell 4.2 percent, the biggest loss. The biggest movers   also included: Eastern Tobacco, up 5.5 percent; Talaat Moustafa, up 6.2  percent; Abou Kir Fertilizers & Chemical Industries, down 1.3 percent; and Alexandria Mineral Oils, down 0.8 percent.   In the past year, the index had a similar or greater gain four times and continued to rise the next day by an average 0.3 percent. It advanced three times for an average 0.7 percent and declined once 0.8 percent. Index is at 52-week high Today, 22 of 30 shares rose, while 4 fell. The Egyptian Exchange EGX 30 Price.

Source: Bloomberg Business News