Blue chip stocks fall on the EGX30 throughout August

Daily News Egypt
2 Min Read
The series of losses for the Egyptian Stock Exchange (EGC) continued for the second consecutive trading day, with the market losing some EGP 7bn. (AFP Photo)
Primary indicators on the EGX30 stock exchange decreased 1.07% during August, dropping 5268 points, while small and mid-sized stock indicators on the EGX70 increased 3.11% to 411 points (AFP Photo)
Primary indicators on the EGX30 stock exchange decreased 1.07% during August, dropping 5268 points, while small and mid-sized stock indicators on the EGX70 increased 3.11% to 411 points
(AFP Photo)

Primary indicators on the EGX30 stock exchange decreased 1.07% during August, dropping 5268 points, while small and mid-sized stock indicators on the EGX70 increased 3.11% to 411 points. Indicators on the EGX100 also increased by 2.25%, reaching 747 points.

Total market trading for the month of August reached EGP1 4.4bn, with 1.761bn securities traded in 311,000 separate deals at a value of EGP12.3bn, compared to EGP2.33bn reaped in 375,000 deals last month.

The Nile Bourse saw 7.7m securities traded in 2,323 deals, at a total value of EGP14.6m.

Shares made up 94.78% of all trading, with bonds making up the remaining 5.22%.

75.5% of all trading was done by Egyptians, with foreigners making up 17.7% of all trades and other Arabs making up the remaining 6.8%.

During this time net sales of shares made by foreigners totalled EGP685m, with that of other Arabs reaching EGP6.3m.

Foreigners have achieved EGP1.5bn in net sales since the beginning of the year, compared to EGP321m by Arabs.

Translated from Al Borsa

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