Egypt Bourse Loses EGP5bn on Tuesday, but EGX30 Rebounds

Egypt’s stock exchange incurred losses on Tuesday totalling 5.1 billion Egyptian pounds driven by local and Arab investors’ selling pressures. Yet, the indices led by the EGX30 surged during closing session to cross 9175 points.

Indices

Egypt’s benchmark index EGX30 ended 0.61 per cent higher to 9177.81 pts; and EGX20 closed 0.39 per cent up to 10603.18 pts.

On the other hand, the mid- and small-cap index, the EGX70 climbed by 1.38 per cent to finish at 636.93 pts. The price index EGX100 hiked by 1.27 per cent to conclude at 1136.34 pts.  
Furthermore, the market capitalization recorded EGP 535.052 billion on Tuesday.

Turnovers below EGP One billion
Through the closing session of Tuesday, the trading volume has reached 141.485 million securities, with turnovers worth EGP 888.438 million, exchanged through 24.396 transactions.                
Also during the closing session, 189 listed securities have been traded in; 45 declined, 113 advanced; while 28 kept their previous levels.

Investors’ Activities

Local and Arab investors were net sellers seizing on Tuesday  72.2% and 7.54% respectively of the total markets, with a net equity of EGP 37.748 million and EGP 60.901 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net buyers capturing 20.26% of the total market, with a net equity of EGP 98.650 million, excluding the deals.