The Egyptian Stock Exchange indicators continued its positive performance during the month of March, as the main index “EGX 30” achieved a strong increase of 4.62% to close at the level of 32,026.14 points, which reflects the investor’s confidence in the market and their optimism in the current investment climate, especially during the holy month of Ramadan, which usually witnesses a positive activity in the financial markets.
Strong performance of market indicators
The positive performance was not limited to the main index, but the altitudes included other indicators, as “EGX 70” has scored 4.75% to reach 9,046.54 points, while “EGX 100 Equal weights” achieved 4.63% gains to 12,462.04 points, which reflects a strong activity of medium and small stocks.
The “EGX30 Electrical” index also continued to provide 3.96% to close at 39,787.46 points, while the Excellence Index was the highest gains of 9.82%, reaching 11,582.56 points.
The market capital has improved despite some fluctuations
Despite some of the fluctuations in the market, the market capital of the main index increased by 3.6% to 1.307 trillion pounds, while the market capital of the index of small and medium -sized companies increased by 1.3% to 407.6 billion pounds.
The market capital of the broader index increased by 3.1% to 1.715 trillion pounds, reflecting the continued flow of liquidity towards leadership stocks and various sectors.
A leap in trading values reflects investor confidence
The Egyptian Stock Exchange recorded the total trading value of 1.937 trillion pounds during the month of March, which represents a significant increase compared to the previous month, as the value was at 1.331 trillion pounds, and this growth in trading reflects an increased activity by investors, especially with the improvement of market morale and support for financial and monetary policies that strengthened investor confidence.
Distribution of liquidity between the main indicators
“EGX30” captured 31.9 billion pounds of trading, with a trading volume of 2.75 billion securities, while “EGX 70” achieved trading of 27.7 billion pounds, at 15.1 billion securities, and “EGX 100” trades with 59.6 billion pounds, with a trading volume of 17.9 billion securities.
A future look
These results reflect the continuation of the strong performance of the Egyptian market, driven by the improvement of the investment environment and the increase in demand from local and foreign investors.
As the end of the first quarter of the year approaches, expectations remain positive, especially with the continued flow of liquidity and the interest of investment institutions in stocks of strong basics.
