EGX 30 Opens Wednesday 0.85% Higher; Nears 5545 Pts

By Yomna Yasser On Jan 30, 2013

The Egyptian Exchange has opened Wednesday’s sessions posting gains of EGP 2.1 billion backed by Arab sellers. The capital market has amounted to EGP 372.535 billion, according to data compiled by Amwal Al Ghad at 11:06 a.m. Cairo time (09:06 GMT).

The EGX indices opened in green.

The main index, EGX30 inched up by 0.85% to 5542.23 p. EGX20 rose by 0.91% to 6387.8 p.

Meanwhile, the mid- and small-cap index, the EGX70 hiked by 0.55% to 453.43 p. Price index EGX100 increased by 0.63% to 775.97 p.

This was after trading in 84 listed securities; 3 declined, 66 advanced; while 15 keeping their previous levels.

During Wednesday’s opening session, the trading volume has reached 7.212 million securities worth EGP 29.776 million, exchanged 1.876 thousand transactions.

The EGX’s opening gains were backed by Arabs’ buying transactions as they were net buyers seizing 4.91% of the total markets, with a net equity of EGP 1.892 million excluding the deals.

Meanwhile, Egyptians and the non-Arab foreigners were net sellers seizing 81.81% and 13.28% respectively, of the total markets, with a net equity of EGP 757.382 thousand and EGP 1.135 million excluding the deals.