EGX loses LE 4.5B of market cap on 2nd session of week

CAIRO – 6 August 2018: The Egyptian Exchange (EGX) lost LE 4.48 billion of its market capitalization after all the indices ended Monday’s session in red, amid Egyptian and Arab selling.

The benchmark EGX30 declined 0.58 percent, or 91.49 points, to close at 15,645.56 points.

The equally weighted index EGX50 slipped 0.54 percent, or 14.01 points, to reach 2,577.23 points.

The small and mid-cap index EGX70 decreased 0.25 percent, or 1.85 points, reaching 746.76 points, and the broader index EGX100 inched down 0.41 percent, or 8.06 points, closing at 1,934.98 points.

Market capitalization lost LE 4.48 billion, recording LE 874.35 billion, compared to LE 878.83 billion in Sunday’s session.

The trading volume reached 159.97 million shares, traded through 16,971 transactions, with a turnover of LE 529.82 million.

Foreign investors were net buyers at LE 29.98 million, while Egyptian and Arab investors were net sellers at LE 12.35 million and LE 17.63 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 24.19 million, LE 1.7 million and LE 1.43 million, respectively.

Egyptian and foreign organizations were net buyers at LE 11.84 million and LE 31.4 million, respectively, while Arab organizations were net sellers at LE 15.9 million.

Atlas for Land Reclamation and Agricultural Processing, El Obour Real Estate Investment, and Egyptian for Developing Building Materials were top gainers of the session by 5.92 percent, 4.95 percent and 3.52 percent, respectively.

On the other hand, Wadi Kom Ombo Land Reclamation, and Ismailia National Food Industries were top losers of the session by 6.52 percent, and 5.19 percent, respectively.

EGX ended Sunday’s session on mixed performance, as EGX30 declined 0.44 percent, EGX50 slipped 0.33 percent, while EGX70 increased 0.07 percent, and EGX100 declined 0.03 percent.