9 months ago
Saturday, September 27, 2008
Monday, September 22, 2008
CASE 30 jumps 6.15%; spurred by leading stocks, foreign buys, collective sector rise
CASE 30 finished Sunday's trading up 6.15%, advancing more than 434 pts to 7500, compared to 7066 on Thursday.
The Index opened at 7066, adding over 500 pts in less than 30 minutes to hit an intraday high of 7658, however, it moved sideways to shut at 7500.
Trading value amounted to nearly EGP 969.05 million through trading above 63.81 million shares in 32301 trades. 161 securities traded; 143 rose, 14 declined, while 4 remained flat.
Foreign buys send Index up; Arabs, Egyptians maintain selling
Foreigners tended to buy, recording EGP 279.1 million purchases, compared to EGP 261.1 million sells, netting EGP 18.02 million as a purchase turnover. Conversely, Egyptian and Arab traders headed for selling, as Egyptians executed EGP 610.6 million and EGP 603.5 million sells and buys resp., with an EGP 7.1 million sell/buy difference. Arab sells and buys amounted to EGP 97.4 million and EGP 86.5 million consecutively, netting EGP 10.9 million sells.
Retailers dominated 61.1% of total trading, heading for buying, while institutions controlled 38.9%, flocking to sell.
All leading stocks headed north today, topped by Orascom Telecom that added 9.23% to end at EGP 43.44, followed by Commercial International Bank (CIB) that finished 6.78% higher at EGP 42.20. Similarly, Orascom Construction Industries (OCI) grew 6.61% to close at EGP 331.70 and EFG-Hermes rose 5.35% to shut at EGP 38.78.
Rakta, Egypt Gas top advancers; Ajwa Group biggest loser
General Company for Paper Industry (Rakta) spearheaded advancers, leaping 37.73% to end at EGP 22.74, followed by Egypt Gas that closed 36.64% higher at EGP 116.14.
Ajwa Group for Food Industries- Egypt led decliners, dropping 13.51% to shut at EGP 69.77, followed by Egypt Aluminum that jumped 7.64% to close at EGP 51.99.
All sectors up, topped by Telecommunications
All sectors advanced today, backed by the market hike, spearheaded by Telecommunications that rose 7.6%, helped by Orascom Telecom. Health Care and Pharmaceuticals tailed the list, growing 1.6%.
Financial Services excluding Banks topped most actives, dominating 15.52% of trading value, or above EGP 148.9 million, spurred by EFG-Hermes that traded more than 1.4 million shares at a total value exceeding EGP 54.3 million.
Real Estate came second, accounting for 14.93%, or over EGP 143.2 million, followed by Construction and Materials that controlled 13.94%, or more than EGP 133.8 million.
Thursday, September 18, 2008
Friday, September 12, 2008
Thursday, September 4, 2008
Monday, September 1, 2008
Boursa news
CASE 30 ends in red, pressured by Arab sells CASE 30 finished Monday’s trading in the negative territory, shedding 0.14%, or over 11 pts to end at 8438.06 recording the week’s first decline, compared to 8449 pts yesterday. The Index opened at 8449 pts and retreated over 50 pts after 10 minutes setting its intraday low of 8418 pts. Then, it jumped to hit its intraday high of 8496 pts, nearing the 8500 barrier; however it fell to end at 8438. Trading value amounted to about EGP 898.03 million, after 161 securities traded 79.83 million shares in 37087 transactions. Nationals, foreigners tend to buy; institutions dominate 42.8% of tradingArab investors headed for selling, recording EGP 187.7 million sells, compared to EGP 70.3 million buys with an EGP 117.3 million sell/buy difference. Conversely, national and foreign investors tended to buy, as nationals purchased shares at a net value of EGP 610.9 million, while sell transactions amounted to EGP 554.2 million, netting EGP 56.8 million as a purchase turnover. Foreign traders recorded EGP 216.7 million and EGP 156.1 million buys and sells respectively, netting EGP 117.3 million as a purchase turnover. Retail investors flocked to selling, accounting for 57.2% of total trading, while institutions that headed for buying, dominated 42.8%. Performance of leading stocks varied, as Orascom Telecom shut 0.69% lower at EGP 54.49, in addition to EFG-Hermes that dropped 0.29% to end at EGP 48.20. On the flip side, Commercial International Bank (CIB), Egypt’s largest lender by market value, rose 1.09% to finish at EGP 47.25 as well as Orascom Construction Industries (OCI) that ended 0.34% higher at EGP 336.41. Piraeus leads decliners, TMG Holding hits life-time low Piraeus-Egypt led losers, dropping 10.45% to end at EGP 22.12, followed by Suez Canal Automotive Repair & Maintenance Co. (SCAR) that fell 7.76% to shut at EGP 38.65. TMG Holding declined 5.05% to end at EGP 6.2, after it hit its life-time low of EGP 5.82. On the uptrend side, Egypt Real Estate spearheaded advancers, rising 12.47% to finish at EGP 20.02. Egyptians Abroad Investment came second with an 11.75% increase to close at EGP 58.41. Egyptian Financial & Industrial also went up 1.87% to end at EGP 54.9. Real Estate biggest loser, Travel & leisure major gainer Six sectors headed north, 5 declined, while Basic Resources remained flat. Travel and leisure topped advancing sectors, adding 4.2%, while Real Estate led decliners, plunging 2.1%. Real Estate dominated 24.45% of trading, or EGP 215.8 million, driven mainly by active trading on TMG Holding that traded over 25.5 million shares at a total value of EGP 158.1 million. Financial Services excluding Banks came second, controlling 19.20% of trading, or EGP 169.4 million, followed by Construction and Materials that accounted for 14.20%, or EGP 125.3 million.
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