Egypt Stocks sluggish, yet Market Cap gains EGP727 million

Egypt’s stocks ended in red on Wednesday driven by foreign investors’ selloff. Yet, the market capitalisation registered gains worth 727 million Egyptian pounds (US$95.3 million).

Indices:

The benchmark index, EGX30 slumped by 0.15 percent to close at 9461.06 points. EGX20 went up by 0.13 percent to 10455.99 points.

In addition, the mid- and small-cap index EGX70 edged lower by 0.16% to 561.49 points. The price index, EGX100 dropped by 0.19% to 1122.37 points.

Turnovers below EGP 1 billion
On Wednesday, the trading volume has reached 93.960 million securities, with turnovers climbed to EGP 518.923 million, exchanged through 17.499 thousand transactions.

Also during the closing session, 177 listed securities have been traded in; 63 declined, 66 advanced; while 43 kept their previous levels.

Furthermore, the market capitalization recorded EGP 515.919 billion on Wednesday.

Investors’ Activities

Local investors remained net buyers on Wednesday capturing 82.67% of the total market, with a net equity of EGP 19.813 million, excluding the deals.

On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 13.08% and 4.25% respectively of the total markets, with a net equity of EGP 16.750 million and EGP 3.063 million, respectively, excluding the deals.