In January, Egypt bourse attained gains worth 25 billion pounds powered by the approval of an amended constitution alongside a decision to elect a new head of state first prior to parliamentary polls. Egypt’s benchmark index reported during January, its highest point in 3 years and half, since April 2010.
Through January – the main index, EGX30 jumped 9.18% to end at the level of 7405 points.
For the mid- and small-cap index, the EGX70 soared by 7.83% to close at 585 points. In addition, the price index EGX100 pushed up by 7.48% to conclude at the level of 992 points.
Furthermore, market capitalization ended at EGP 451.912 billion by the end of January’s sessions, compared to EGP 426.810 billion by the end of last December’s sessions.
Turnovers & Market Summary
In January, EGX’s traded volume reached around 5.792 million securities worth turnovers of around EGP 19.1 billion, exchanged through 643 thousand transactions. Noting that, through last December the traded volume had reached 3.454 million securities worth turnovers of around EGP 15.4 billion, exchanged through 494 thousand transactions.
Elsewhere, the traded volume for the EGX of SMEs – NILEX through January has amounted to 33.3 million securities worth EGP 120 million, exchanged through 17.234 thousand transactions.
For EGX’s Over-The-Counter – OTC trading, the shares had seized 80.93% out of the total traded value; while traded value of the bonds represented 19.07% in January.
Investors Activities:
Local investors led the market activity through January, seizing 86.85% of the total market; while non-Arab foreigners and Arabs acquired 6.28% and 6.86%, respectively of the total market, after excluding the deals.
Excluding the deals, the non-Arab foreigners were net sellers in January, with a net equity of EGP 20.34 million; while Arabs were net buyers, with a net equity of EGP 31.12 million, after excluding the deals.
Also in January, institutions had seized 37.92% of the EGX’s transactions; while individuals had 62.08%.
Institutions were net buyers, with a net equity of EGP 113.02 million through January, after excluding the deals.
Trading on Bonds
In January, the volume of trading on bonds recorded around 3.144 thousand worth turnovers of around EGP 3.390 million.
