African market watch

Cairo, Egypt (Capital Markets in Africa):- The downtrend persisted on the Egyptian Exchange for second consecutive sessions.  The market capitalization ended at EGP 468.5 billion after shedding EGP 5.7 billion (US$730 million); relative to EGP 473.2 billion recorded at previous day trading session. The benchmark index EGX30 slid by 0.42 percent or 31.71 points to end 7,594.05 points, extending its southward movement for the second trading session in a row, which it hit one-month low. However, the equal-weighted…

Cairo, Egypt (Capital Markets in Africa):- The Bear continued to torment the Egyptian Exchange traders at the end of today’s trading session. The market capitalization ended at EGP 474.2 billion after losing EGP 10.6 billion (US$1.36 billion); relative to EGP 484.9 billion recorded at previous day trading session. The benchmark index EGX30 sagged by 3.22 percent or 254.06 points to end 7,625.76 points hit its lowest level since 13 July 2015. The equal-weighted indexes EGX50 also slide 3.34…

Cairo, Egypt (Capital Markets in Africa):- On Thursday, Egyptian equity markets ended in red zone and the market capitalization lost EGP 700 million (US$89.6 million) to end at EGP 484.9 billion; relative to EGP 485.6 billion recorded at previous day trading session. The benchmark index EGX30 dropped 0.40 percent or 32 points to end the day below the 7,879 points. The equal-weighted indexes EGX50 also slide 0.7 percent or 9.84 points to 1,391 points. EGX70, which measures small and mid-cap…

Egypt (Capital Markets in Africa):- Egyptian equity markets Benchmark Index EGX 30, EGX70, EGX100 and the EGX20 capped index were down today. The total  market capitalisation settled at US$63,543 billion. From a market activity perspective, the volumes traded settled at 132,306,813 with a value recorded at US$ 306,975,560. In terms of stock movements 34 securities were held in the green zone, 105 recorded a downward movement to the red zone and 31 remained unchanged. In terms of market…