Monday 25 June 2018

Foreign investment at ADX tops $575m in June

ABU DHABI, July 17, 2017

Foreign investors’ purchases at Abu Dhabi Securities Exchange (ADX), amounted to Dh2.114 billion ($575.4 million) in June, accounting for 55.4 per cent of total buy trades, a report said.

Their sales stayed at Dh1.871 billion, comprising 49.1 per cent of total sell trades, bringing to Dh243 million the net foreign investments at ADX during the month. In the meantime, institutional investments for the same period have reached Dh151 million, reported Wam, the Emirates official news agency.

ADX General Index in June dropped by 0.04 per cent to 4425 points, with the energy sector posting the highest growth at 37.12 per cent, followed by the real estate sector at 0.85 per cent, telecommunications sector at 0.58 per cent, and insurance sector at 0.27 per cent.

Meanwhile, the services sector dropped by 3.37 per cent, followed by the consumer staples sector at 1.76 per cent, banking sector by 1.27 per cent, investment and financial services sector by1.01 per cent, and industry sector by 0.61 per cent.

The market capitalization of domestic companies listed on ADX dropped by 0.23 per cent to Dh425.862 billion from Dh426.864 billion in May 2017.

Trading value in ADX reached Dh3.809 billion compared with Dh3.745 billion in May, while the trading volume stood at 3.120 billion shares compared with 1.719 billion in May, with the number of deals reaching 31418 compared with 23519 in May.

The average daily trading value in June reached Dh211 million compared with Dh162 million in May. The number of trading days stood at 18 against 23 in January, with 53 companies having traded in ADX in June.

Dana Gas shares were the most active in June with trades equivalent to Dh1.111 billion, representing 29.7 per cent of total trades, followed by Abu Dhabi Commercial Bank with Dh458 million, or 12.2 per cent, closely followed by First Abu Dhabi Bank with Dh458 million, or 12.2 per cent, Aldar Properties at Dh433 million, 11.6 per cent, Eshraq Properties at Dh348.5 million, 9.3 per cent, and around Dh935 million for the rest of stocks, 25 per cent.

The energy sector had the lion's share of trades with Dh1.130 billion, 30.18 per cent, of total trades, followed by the banking sector with Dh1.090 billion, 29.13 per cent, the real-estate sector with Dh933 million, 24.92 per cent; the telecommunication with Dh383 million, 10.25 per cent; the services sector at Dh57.5 million, 1.54 per cent, the consumer staples sector at Dh50.4 million, 1.35 per cent, the insurance sector at Dh45.5 million,1.22 per cent, the investment and financial services at Dh38.6 million, or 1.03 per cent, and finally the industrial sector at Dh14.3 million, 0.38 per cent.

Tags: foreign investment | ADX | Abu Dhabi Securities Exchange |

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