Egypt: Indices close in Red Notes, Market Cap gains EGP1.5 billion

Egypt’s stock market ended in red noted on Wednesday, yet the market capitalisation records gains worth 1.5 billion Egyptian pounds (US$196.7 million).

The market capitalization has closed at 507.700 billion pounds on Wednesday.

Indices:

The main stock index, EGX30 dropped by 0.39 percent to close at 9099.33 points. EGX20 plummeted by 1.04 percent to 9745.73 points.

In addition, the mid- and small-cap index EGX70 edged lower by 0.48 percent to 515.15 points. The price index, EGX100 sagged by 0.26 percent to 1042.94 points.

Turnovers grow higher
On Wednesday, the bourse’s trading volume has reached 115.443 million securities, with turnovers closed at EGP 1.231 billion, exchanged through 17.048 thousand transactions.

Also during the closing session, 170 listed securities have been traded in; 92 declined, 44 advanced; while 30 kept their previous levels.

Investors’ Activities

Local and Arab investors were net buyers on Wednesday capturing 41.48% and 7.46% respectively of the total markets, with a net equity of EGP 336.770 million and EGP 154.546 million, respectively, excluding the deals.

On the other hand, the non-Arab foreign investors were net sellers seizing 51.06% of the total market, with a net equity of EGP 491.316 million, excluding the deals.