Stock market closes with humble losses, EGX20 rises

Egypt’s stocks concluded mostly lower on Wednesday with losses worth 1.3 billion Egyptian pounds (US$166 million).

The market capitalisation has reached 424.533 billion pounds during the closing session of Wednesday.

Indices

Egypt’s benchmark index, EGX30 fallen by 0.33 percent to 6801.9 points.

The newly-launched EGX50 EWI index went down by 0.52 percent to 1146.69 points.

EGX20 solely increased by 0.06 percent to 6567.76 points.

In addition, the mid- and small-cap index EGX70 declined by 0.31 percent to 362.39 points. The price index, EGX100 shrunk by 0.46 percent to 786.53 points.

Turnovers low

On Wednesday, the bourse’s trading volume has reached 272.480 million securities, with turnovers closed at EGP 705.318 million, exchanged through 20,077 thousand transactions.

Also during the closing session, 167 listed securities have been traded in; 69 declined, 45 advanced; while 47 kept their previous levels.

Investors’ Activities

Egyptian and Arab investors were net buyers on Wednesday seizing 64.72% and 8.04% respectively of the total markets, with a net equity of EGP 30.981 million and EGP 37.494 million, respectively, excluding the deals.

On the contrary, the non-Arab investors were net sellers getting 27.24% of the total market, with a net equity of EGP 68.475 million, excluding the deals.