Egypt’s stock market finished lower on Wednesday with losses totalling 2.15 billion Egyptian pounds driven by local and Arab profit-takers. Yet, the main stock index, EGX30 solely hiked to near 8295 points.
Meanwhile, the EGX indices were wavering in red notes during the closing session on Wednesday, except for the EGX30.
Egypt’s benchmark index EGX30 closed 0.31 per cent higher to 8294.88 pts; while EGX20 finished 0.09 per cent down to 9952.7 pts.
In addition, the mid- and small-cap index, the EGX70 tumbled by 0.72 per cent to end at 610.32 pts. The price index EGX100 inched down by 0.67 per cent to conclude at 1067.2 pts.
Furthermore, the market capitalization recorded EGP 482.386 billion on Wednesday.
Turnovers Near EGP1 bln
Through the closing session of Wednesday, the trading volume has reached 288.517 million securities, with turnovers worth EGP 980.531 million, exchanged through 34.358 thousand transactions.
Also during the closing session, 191 listed securities have been traded in; 124 declined, 41 advanced; while 26 keeping their previous levels.
Egyptian investors and Arab were net sellers on Wednesday seizing 79.33% and 8.81% respectively of the total markets, with a net equity of EGP 17.722 million and EGP 5.858 million respectively, excluding the deals.
On the other hand, the non-Arab foreign investors were net buyers capturing 11.86% of the total market, with a net equity of EGP 23.580 million, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price fall on Wednesday by 0.15 percent to EGP 12.89.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) went up by 0.11 percent to EGP 37.14.
In the real estate sector, Palm Hills Development Company (PHDC.CA) rose by 0.24 percent to trade at EGP 4.11, Talaat Moustafa Group Holding (TMGH.CA) climbed 2.13 percent to trade at EGP 9.10, in addition the Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) slumped by 2.13 percent to close at EGP 26.63.