Egyptian Stocks Gain EGP1.7bn on Wednesday, Yet EGX30 Slumps

Egypt’s stocks closed mixed on Wednesday with gains totalling 1.7 billion backed by local and Arab investors’ buying appetite. Yet, the country’s main stock index, EGX30 slumped below 9750 points.

In addition, the Egyptian Exchange’s indices were wavering on mixed notes during the closing session of Wednesday.

Indices

Egypt’s benchmark index EGX30 ended 0.67 per cent lower to 9745.49 pts; while EGX20 finished 0.71 per cent down to 11415.4 pts.

On the other hand, the mid- and small-cap index, the EGX70 rose by 0.44 per cent to finish at 640.12 pts. The price index EGX100 also grew by 0.19 per cent to conclude at 1170.17 pts.  
Furthermore, the market capitalization recorded EGP 527.972 billion on Wednesday.

Turnovers Remain below EGP One billion
Through the closing session of Wednesday, the trading volume has reached 67.420 million securities, with turnovers worth EGP 528.076 million, exchanged through 20.110 transactions.               
Also during the closing session, 168 listed securities have been traded in; 67 declined, 72 advanced; while 26 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Wednesday capturing 75.5% and 5.4% respectively of the total markets, with a net equity of EGP 2.979 million and EGP 2.900 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign were net sellers seizing   19.1% of the total market, with a net equity of EGP 5.880 million, excluding the deals.