African Equity Markets

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets rebounded today from eight day in negative territory. The market capitalisation added around EGP 2.587 billion to close at EGP 487.136 billion (against EGP 484.550  billion recorded yesterday). The benchmark index EGX30 increased by 0.48 percent or  40.47 points to end the day at 8,556.10 points (-4.15 percent year-to-date performance). Equally, the small and mid-cap index EGX70 climbed by 1.72 percent or 7.67 points to settle at 452.36 points (-20.00…

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets bleeding blood non-stop for eight trading session (since Wednesday 3rd June 2015).  The market capitalisation lost almost EGP 1.7 billion (cumulative loss of EGP 15.7 billion relative to market cap at Wednesday 3rd June 2015) to close at EGP 484.550 billion (against EGP 486.213  billion recorded yesterday). The benchmark index EGX30 tumbled by 0.22 percent or  18.50 points to end the day at 8,515.63 points (-4.60 percent year-to-date…

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices tumbled at beginning of the week, with the market capitalisation went down by almost EGP 3.2 billion to close at EGP 486.213 billion (against EGP 489.388 billion recorded yesterday) on thin liquidity which is below EGP 250 million and lack of institutional investors. The benchmark index EGX30 tumbled by 1.07 percent or 92.33 points to end the day at 8,534.13 points (-4.40 percent year-to-date performance). Equally,…

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…