In June, Egypt Stocks gain EGP1.3 billion

In June, Egypt’s bourse attained gains amounting to 1.3 billion Egyptian pounds amid lacklustre performance throughout the month. In addition, the country’s main stock index, EGX30 tumbled by 0.98% to end at the level of 8162 points.

For the mid- and small-cap index, the EGX70 went up by 0.28% to close at 591 points. The price index EGX100 also rose by 0.33% to conclude at the level of 1034 points.

Furthermore, market capitalization ended at EGP 477.641 billion by the end of June’s sessions, compared to EGP 476.290 billion by the end of last May’s sessions.

Turnovers & Market Summary

In June, EGX’s traded volume reached around 5.639 million securities worth turnovers of around EGP 41.9 billion, exchanged through 541 thousand transactions. Noting that, through last May the traded volume had reached 5.433 million securities worth turnovers of around EGP 28.6 billion, exchanged through 595 thousand transactions.

Elsewhere, the traded volume for the EGX of SMEs – NILEX throughout June has amounted to 14.2 million securities worth EGP 50.9 million, exchanged through 6662 thousand transactions.

For EGX’s Over-The-Counter – OTC trading, the shares had seized 61.57% out of the total traded value; while traded value of the bonds represented around 38.43% in June.

Investors Activities:

Local investors led the market activity during June, seizing 86.23% of the total market; while non-Arab foreigners and Arabs acquired 6.70% and 7.07%, respectively of the total market, after excluding the deals.

Excluding the deals, the non-Arab foreigners were net buyers in June, with a net equity of EGP 307.48 million. Arabs were also to buy, with a net equity of EGP 1.402 million, after excluding the deals.

Also in June, institutions had seized 59.57% of the EGX’s transactions; while individuals had 40.43%.

Institutions were net sellers, with a net equity of EGP 307.82 million through June, after excluding the deals.

Trading on Bonds

In June, the volume of trading on bonds recorded around 10.858 thousand worth turnovers of around EGP 11.285 million.