As 2014 is about to end, Egypt’s stock market shares have closed mostly lower on Wednesday with losses worth 1.5 billion Egyptian pounds (US$209.8 million). The country’s main stock index, EGX30 retreated below 8930 points driven by foreign investors’ sell-offs.
The Egyptian Exchange’s indices were wavering on red notes, expect for the price index EGX100, which solely rose during the closing session of Wednesday.
The EGX management has announced 1st of January as an official vacation. Trading will be resumed effective Sunday 4 January 2015.
Egypt’s benchmark index EGX30 closed 0.88 per cent lower to 8926.58 pts; while EGX20 ended 1.01 per cent down to 10030.7 pts.
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.55 per cent to finish at 565.43 pts. The price index EGX100 rose by 0.19 per cent to conclude at 1090.46 pts.
Furthermore, the market capitalization recorded EGP 500.020 billion on Wednesday.
Turnovers Still below One billion Pounds
Through the closing session of Wednesday, the trading volume has reached 161.065 million securities, with turnovers worth EGP 789.989 million, exchanged through 25.497 thousand transactions.
Also during the closing session, 188 listed securities have been traded in; 117 declined, 44 advanced; while 24 kept their previous levels.
The non-Arab foreign and Arab investors on Wednesday were net sellers seizing 22.05% and 3.41% respectively of the total markets, with a net equity of EGP 3.550 million and EGP 7.842 million, respectively, excluding the deals
On the other hand, local investors were net buyers on capturing 74.54% of the total market, with a net equity of EGP 11.392 million, excluding the deals.