African Capital Markets

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices further nose-dive and end the week on a negative note, with the market capitalisation giving away nearly EGP 1.5 billion to close at EGP 489.388 billion (against EGP 490.888 billion recorded yesterday), as it was pressured by selling tendency of retail traders as well as local and Arab institutions. The benchmark index EGX30 drifted by 0.15 percent or 12.97 points to end the day at 8,626.46…

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices nose-dive, with the market capitalisation giving away nearly EGP 1.2 billion to close at EGP 490.888 billion (against EGP 492.076 billion recorded yesterday), pressured by sell-offs among foreign investors and Egyptian institutional investors despite MSCI decision to keep Egyptian equities in its emerging markets index and Central bank coverage of 50% of the dollar backlog owed to foreign investors. The benchmark index EGX30 plunged by 0.25…

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…

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices were down on Thursday, while equities shed around EGP 2.2 billion of the market capitalisation to end at EGP 498.003 billion against EGP 500.239 billion on Wednesday trading session. The benchmark index EGX30 (which measures the top 30 active stocks), fell 1.4% or 124.84 points to close below the 8800 mark at 8780.76 points and reduced the year-to-date yield to -1.64 percent. Equally, the small and mid-cap…

Cairo, Egypt (Capital Markets in Africa):- Egypt’s stock market recovered at end of  Wednesday’s trading sessions, gaining around EGP 1.2 billion to end market capitalization at 500,239 billion compared with EGP 499,007 billion recorded at previous trading sessions. The benchmark index EGX30 (which measures the top 30 active stocks) continued it upward momentum, by gaining 0.66 percent or 58.01 points to close at 8,905.60 points, bringing the year-to-date yield to -0.235 percent. However, the small and mid-cap…