Egypt’s stock market ended higher on Wednesday with gains totalling 5.2 billion pounds powered by local investors’ buying appetite. However, the main stock index – EGX30 retreated below 8480 points.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering in mixed notes on Wednesday afternoon.
Egypt’s benchmark index EGX30 closed 0.25 per cent lower to 8480.52 pts; while EGX20 finished 0.44 per cent down to 10236.65 pts.
On the contrary, the mid- and small-cap index, the EGX70 soared by 2.20 per cent to end at 655.65 pts. The price index EGX100 also inched up by 1.53 per cent to conclude at 1136.53 pts.
Furthermore, the market capitalization recorded EGP 502.326 billion on Wednesday.
Turnovers above One Billion Pounds
Through the closing session of Wednesday, the trading volume has reached 220.917 million securities, with turnovers worth EGP 1.025 billion, exchanged through 42.855 thousand transactions.
Also during the closing session, 184 listed securities have been traded in; 97 declined, 72 advanced; while 15 keeping their previous levels.
Egyptian investors were net buyers capturing on Wednesday 89.64% of the total market, with a net equity of EGP 11.278 million, excluding the deals.
On the other hand, the non-Arab foreign and Arab investors were net sellers seizing 4.27% and 6.09% respectively of the total markets, with a net equity of EGP 8.913 million and EGP 2.365 million respectively, excluding the deals.
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price decrease on Wednesday by 0.38 percent to EGP 13.25.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) rose by 0.16 percent to EGP 38.17.
In the real estate sector, Palm Hills Development Company (PHDC.CA) tumbled by 0.47 percent to trade at EGP 4.20, Talaat Moustafa Group Holding (TMGH.CA) went down by 0.93 percent to trade at EGP 8.48, while Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) dived by 4.99 percent to close at EGP 28.73.