(Photo Courtesy of EGX quarterly report )
The total value of stocks traded in the first quarter (Q1) of 2015 registered EGP 79.8bn, compared to EGP 64.9bn the preceding quarter, a quarterly report issued by the Egyptian Stock Exchange stated.
The report said the total volume traded were 8.39bn securities, compared to 12.9bn last quarter.
“Stocks trading accounted for 68.54% of the total value traded of the main market, while the remaining 31.46% were captured by bonds over the quarter,” the report said.
The volume of stocks traded in January was 2.88bn with a total value of EGP 21.7bn. The following month, the volume of traded stocks declined to 2.72bn, however the value to stocks traded increased to EGP 33.87bn. During March, the volume of stocks traded registered 2.78bn, with a total value of EGP 24.19bn.
Telecommunications and financial services have the largest traded volume of shares followed by real estate, travel and leisure. The highest value of trade went to construction materials, real estate, financial services, telecommunications and banks.
An improvement was noted in the indices performance of industrial goods and services’ sector, banking sector, healthcare and pharmaceuticals sector and the real estate sector.
“The Egyptians controlled 83.96% of the value traded during the quarter. Non-Arab foreign investors accounted for 12.08%, while Arab investors captured 3.96%, after excluding deals,” the report read. “Non-Arab foreign investors were net sellers, with a net equity of EGP 496.12m, and Arab investors were net buyers, with a net equity of EGP 57.21m, after excluding deals.”
The report also said that institutions accounted for 64.08% of the value of stocks traded while the remaining were individuals.
“The institutions were net sellers during this quarter, with a net equity of 343.61 million, after excluding deals,” the report said.
Highlighting the main companies in terms of volume traded, the report noted that Orascom Telecom Media And Technology Holding, Amer Group Holding, Citadel Capital and Global Telecom Holding were among the top 10 active companies.
The top 10 list also included Egyptian for Tourism Resorts and Palm Hills Development Company.
