KEY THEMES
July is a very generous month for the EGX 30 historically. Since 2005, the EGX 30 has had a total of 16 July readings (not counting July 2021 yet). Historically, the index's monthly performance averaged +3.2% in July over that period, where it was 37.5% of the time (i.e. 6 times) negative (averaging -4.3%) and 62.5% of the time (i.e. 10 times) positive (averaging +7.6%). While today is the last trading session of the month, the index is currently up 5% on a month-to date basis.
Through July 2021 so far, the EGX30 has gained 512.6 points during or 5%. The below chart depicts the 31 stocks that affected the EGX30 performance during July 2021 so far, represented by the number of points each name contributed to the index movement (i.e 512.6 point north so far). Out of 31 stocks, 21 had positive influence on the index movement. Meanwhile, two names were unchanged, where eight stocks had negative influence on the EGX 30 during July 2021.
More on EGX 30 related news; six names were included in the last index review, effective August 2021. The new members namely are: Misr Fertilizers Production Company [MFPC], Cairo for Investment & Real Estate Development [CIRA], Speed Medical [SPMD], Raya Holding for Financial Investment [RAYA], Rameda [RMDA], and Egyptian Resorts Co. [EGTS]. The review resulted in seven names, being excluded namely are, SODIC [OCDI], Edita Food Industries [EFID], Emaar Misr for Development [EMFD], The Export Development Bank of Egypt [EXPA], Orascom Financial Holding [OFH], Orascom Investment Holding [OIH], and CI Capital Holding [CICH].