Egypt stocks record humble gains Wednesday

Egypt’s stocks posted slight gains of 95 million Egyptian pounds (US$12.1 million) Wednesday as global stocks start to rebound after rate cuts and fresh stimulus measures by China’s central bank

The market capitalisation has reached 424.890 billion pounds during the closing session of Wednesday.

Egypt Indices

Egypt’s benchmark index, EGX30 went up 0.53 percent to 6873.49 points.

The newly-launched EGX50 EWI index fell 0.10 percent to 1172.54 points.

EGX20 rose 0.20 percent to 6644.27 points.

In addition, the mid- and small-cap index EGX70 increased 0.34 percent to 373.7 points. The price index, EGX100 grew 0.12 percent to 803.19 points.

Turnovers turn lower

On Wednesday, the bourse’s trading volume has reached 164.742 million securities, with turnovers closed at 540.763 million Egyptian pounds, exchanged 16,942 thousand transactions.

Also during the closing session, 167 listed securities have been traded in; 62 declined, 54 advanced; while 43 kept their previous levels.

Investors’ Activities

Arab and non-Arab investors were net buyers Wednesday capturing 3.12 percent and 8.26 percent, respectively of the total markets, with a net equity of 9.786 million and 9.205 million pounds, respectively, excluding the deals.

On the contrary, local investors were net sellers Tuesday seizing 88.62 percent of the total market, with a net equity of 18.992 million pounds, excluding the deals.