EGX ends August on negative note, turnover down LE 3.2B



Fri, 01 Sep 2017 - 12:19 GMT


Fri, 01 Sep 2017 - 12:19 GMT

Egyptian Exchange - File Photo

Egyptian Exchange - File Photo

CAIRO – 1 September 2017: The Egyptian Exchange (EGX) saw a negative performance in the month ended August 31, an EGX weekly report revealed Wednesday.

The benchmark EGX30 shed 0.03 percent, closing the week at 13,416 points.

The small- and mid-cap index EGX70 fell 1 percent to end at 693 points. The broader index EGX100 also leveled down 1.47 percent to stand at 1,565 points.

Turnover decreased to LE 16.3 billion this month compared to LE 19.5 billion last month, while traded volumes stood at 4.855 billion shares, down from 6.424 billion shares.

Market capitalization slightly inched down to LE 705.013 billion compared to LE 705.629 last week.

The financial services excluding banks topped sectors in terms of traded values and volumes with LE 3.142 billion and 1.685 billion shares.

Local investors acquired 72.48 percent of the market's transactions, while Arab and foreign traders represented 8.28 percent and 19.24 percent, respectively.

Arab and foreign traders were net purchasers during the month with LE 249.6 million and LE 641.18 billion.

Institutions acquired 40.15 percent of the market's transactions with total purchases valuing LE 500.83 million, while individual traders represented 59.85 percent.

Porto Group was the most active stock in terms of traded volume, exchanging 1.074 billion shares, while Citadel Capital led stocks in terms of traded values by 1.113 billion shares.



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