In February, Egypt Indices lose US$2 billion

By Yomna Yasser On Feb 28, 2015

In February, Egypt stock market shares incurred losses worth 15.6 billion Egyptian pounds (US$2 billion).

Accordingly, the country’s benchmark index, EGX30 dived by 5.17% during one month of trading to close at 9334 points.

For the mid- and small-cap index, the EGX70 pushed down by 3.22% to close at 558 points. The price index EGX100 also sank by 2.67% to conclude at the level of 1114 points.

Furthermore, market capitalization ended at EGP 511.156 billion by end of February’s sessions, 3% down from EGP 526.773 billion by the end of last January’s sessions.

Turnovers & Market Summary

Throughout February, EGX’s traded volume reached around 2.723 million securities worth turnovers of around EGP 33.9 billion, exchanged through 437 thousand transactions. Earlier in January, the traded volume had reached 2.887 million securities worth turnovers of around EGP 21.7 billion, exchanged through 476 thousand transactions.

Elsewhere, the traded volume for the EGX of SMEs – Nile Stock Exchange (NILEX) during February has amounted to 29.1 million securities worth EGP 46.4 million, exchanged through 6912 thousand transactions.

For EGX’s Over-The-Counter – OTC trading, the shares had seized 72.66% out of the total traded value; while traded value of the bonds represented around 27.34% in February.