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The EGX30 rose 4.3% last month, closing September at 36.7k points, according to the EGX’smonthly report (pdf). The benchmark hit a high of 36.7k points and a low of 34.2k during the month. Meanwhile, the EGX33 Shariah rose 3.7% during the month. Total market capitalization was up 5.0% to EGP 2.6 tn, with EGX30 constituents accounting for EGP 1.4 tn of the total.
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Trading value climbs: Total value traded grew 10.7% to EGP 1.7 tn, up from EGP 1.5 tn in August. Equity trades represented 6.6% of the main market, while bonds and bills continued to dominate with 93.4%.
Top-performing sectors in September: Healthcare & pharma led the board with a 12% jump, followed by food, beverages & tobacco (+9.8%), and shipping & transportation services (+7.1%). On the flipside, industrial goods, services and automobiles fell 3.7%, while building materials dipped 3.6%, and contracting and construction engineering slipped 0.6%. All other sectors ended in the green.
Local and regional institutions were net buyers in September, picking up EGP 1.7 bn and EGP 291 mn, respectively (excluding block trades), while foreign institutions offloaded EGP 82 mn. On the retail side, the trend flipped: local investors sold EGP 1.6 bn and Arab investors offloaded EGP 378 mn, while foreign retail investors were marginal net buyers at EGP 32 mn.
How the EGX fared against regional benchmarks: TASi gained 7.8% in September, on news it may be easing the cap on foreign ownership. ADX shed 0.7% last month while the DFM closed down 2.4%.
BROKERAGE LEAGUE TABLE-
Last month: EFG’s two brokerage arms topped the EGX brokerage league table (pdf) in September with a combined market share of 17.1%, followed by Thndr (9.7%) and Mubasher (7.8%).
On a quarterly basis: EFG’s brokerage finished first in 3Q with a combined 13.8% market share, well ahead of Thndr (9.1%) and Mubasher (7.6%), according to the EGX quarterly brokerage league table (pdf).
YTD, EFG’s two brokerages retained the top spot with a 20.8% market share, beating Thndr (7.5%) and Mubasher (6.9%), according to the bourse’s ranking (pdf) which tracked firms’ performance between January and September.
