Egypt Bourse Gains EGP8bn at Open, But EGX30 Tumbles

Egypt’s bourse kicked off trading on Monday higher with early gains worth 8 billion Egyptian pounds backed by Arab investors’ buying appetite. However, the country’s main stock index, EGX30 opened below 9210 points.

The Egyptian Exchange (EGX)’s indices were wavering on mixed notes during the opening session of Monday.

Indices

The Benchmark EGX30 went down by 0.27% to 9205.44 p. In addition, EGX20 fell by 0.57% to 10690.06 p.

On the contrary, the mid- and small-cap index, the EGX70 rose by 0.30% to 633.22 p.  Price index EGX100 went up by 0.11% to 1131.67 p.

Furthermore, market capitalization reached EGP 545.909 billion, according to data compiled by Amwal Al Ghad English at 11:27 a.m. Cairo time (09:27 GMT).

Trading Volumes & Values

The trading volume has reached 41.686 million securities worth EGP 231.180 million, exchanged through 5275 transactions during Monday opening.

Also during the opening session, 130 listed securities have been traded in; 60 fell, 43 advanced; while 26 keeping their previous levels.

Investors’ Activities

Arab investors were net buyers capturing at early trade 3.01% of the total market, with a net equity of EGP 10.778 million, excluding the deals.

On the other hand, local and the non-Arab foreign investors were net sellers seizing 88.03% and 8.96% respectively of the total markets, with a net equity of EGP 10.408 million and EGP 369.932 thousand, excluding the deals.