News Column

EGX30 retreats by 0.39% on Wednesday

February 27, 2014

Arab Finance : Egyptian stock exchange main index EGX30 declined by 0.39% on Wednesday to close at 7998.3 points compared to 8029.22 on Tuesday. Market Trade volume reached 299,356,845 shares worth LE 1,017,224,713. Regarding today company performance, market's top gainers in terms of turnover respectively were: Orascom Telecom Media and Technology Holding (OTMT) gained 0.77% to close at LE 1.31, Arab Cotton Ginning made a 3.81% increase to close at LE 6.26, Egyptian for Tourism Resorts jumped 4.91% to close at LE 1.71, Amer Group Holding was down by 1.39% to close at LE 1.42, and Palm Hills Development Company decresed 0.30% to close at LE 3.37. Local investors dominated the market today making a 84.71% of the market players. the Arab investors followed with 8.46%. then the Foreign investors made the rest 6.82%. Arab Investors purchasing power was clearly proven making LE 38.4 m of the purchases. Foreign investors made buying transactions worth LE 13.4 m. on the other hand, local investors chose to heavily sell their stocks to yield LE 51.9 m. The Market was dominated by individuals who formed 79.67% of the activity compared to insistitution's 20.32% Source : EGX & Arab Finance Editor

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Source: Arab Finance (Egypt)

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