Egypt Bourse Gains EGP2.3bn, Yet EGX30 Falls 0.36% on Wednesday

Egypt’s bourse ended trading on Wednesday with gains worth 2.3 billion Egyptian pounds backed by local and non-Arab foreign investors’ buying appetite. Yet, the country’s main stock index, EGX30 closed in red below 9500 points.

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

Indices

Egypt’s benchmark index EGX30 ended 0.36 per cent lower to 9496 pts; and EGX20 closed 0.22 per cent down to 11017 pts.

In addition, the mid- and small-cap index, the EGX70 dropped by 0.11 per cent to finish at 618.41 pts. The price index EGX100 went down by 0.19 per cent to conclude at 1129.86 pts.  
Furthermore, the market capitalization recorded EGP 514.799 billion on Wednesday.

Turnovers less below EGP One billion
Through the closing session of Wednesday, the trading volume has reached 320.056 million securities, with turnovers worth EGP 912.435 million, exchanged through 33.158 transactions.               
Also during the closing session, 183 listed securities have been traded in; 88 declined, 65 advanced; while 28 kept their previous levels.

Investors’ Activities

Local and the non-Arab foreign investors were net buyers capturing on Wednesday 82.13% and 10.72% respectively of the total markets, with a net equity of EGP 1.003 million and EGP 12.449 million, respectively, excluding the deals.

On the other hand, Arab investors and were net sellers seizing 7.15% of the total market, with a net equity of EGP 13.452 million, excluding the deals.