African capital market

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices closed Tuesday on a negative note, with the market capitalisation losing nearly EGP 402 million to close at EGP 492.076 billion (against EGP 492.076 billion recorded yesterday), pressured by institutional Arab and foreign investor selling as a result of  aniticipated MSCI market classification review expected later today. The benchmark index EGX30 fell by 0.13 percent or 11.40 points to end the day at 8,660.93 points (-2.98 percent…

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices closed Monday on a negative note, with the market capitalisation losing nearly EGP 2.7 billion to close at EGP 492.478 billion, amid investors’ anticipation of the MSCI 2015 annual market classification review on Tuesday. The benchmark index EGX30 fell by 0.65 percent or 56.54 points to end the day at 8,672.33 points (-2.85 percent year-to-date performance). Equally, the small and mid-cap index EGX70 dropped 1.27 percent or 5.87…

Cairo, Egypt (Capital Markets in Africa):-Egyptian equity markets slipped today, pressured by retail and institutional sales. The market capitalization lost EGP 2.8 billion to close at EGP 495.225 billion, compared with EGP 501.110 billion on Thursday EGP 498.004 billion. The benchmark index EGX30 declined by 0.59 percent or 51.89 points to end the day at 8,728.87 points (-2.215 percent year-to-date performance). Likewise, the small and mid-cap index EGX70 went down by 0.36 percent or 1.68 points to settle at…