EGX30 loses levels of 14,900K in May's 1st trading session

CAIRO - 30 April 2019: The Egyptian Exchange (EGX) ended first trading session in May on mixed note, losing LE 1.66 billion of market capitalization, amid Arab selling.

The benchmark EGX30 declined 0.27 percent, or 39.76 points, to close at 14,880.39 points.

On the other hand, the equally weighted index EGX50 inched up 0.04 percent, or 0.95 points, to reach 2,295.35 points.

The small and mid-cap index EGX70 rose 0.12 percent, or 0.76 points, to close at 649.02 points, and the broader index EGX100 increased 0.04 percent, or 0.69 point, to 1,658 points.

Market capitalization lost LE 1.66 billion, recording LE 807.01 billion, compared to LE 808.67 billion in Tuesday’s session.

The trading volume reached 51.48 million shares, traded through 10,796 transactions, with a turnover of LE 314.74 million.

Arab investors were net sellers at LE 5.54 million, while Egyptian and foreign investors were net buyers at LE 632,616, and LE 4.9 million, respectively.

Arab and foreign individuals were net sellers at LE 13.14 million, and LE 168,358, respectively, while Egyptian individuals were net buyers at LE 6.86 million.

Arab and foreign organizations bought at LE 7.6 million, and LE 5.07 million, respectively, while Egyptian organizations sold at LE 6.23 million.

Mansourah Poultry, Egyptian Real Estate Group, and Saudi Egyptian Investment & Finance were top gainers of the session by 9.11 percent, 7.76 percent and 7.36 percent, respectively.

Meanwhile, Reacap Financial Investments, Memphis Pharmaceuticals, and El-Nile Co. for Pharmaceuticals and Chemical Industries were top losers of the session by 7.99 percent, 6.73 percent, and 6.15 percent, respectively.

On Tuesday, April 30, EGX showed mixed performance, as EGX30 rose 1.01 percent, and EGX50 increased 0.35 percent, while EGX70 inched down 0.16 percent, and EGX100 declined 0.01 percent.

EGX was off on Wednesday, May 1, which marks Labor Day. Labor Day, also called International Workers’ Day, is a celebration of the working classes and occurs every year on May Day, an ancient European spring festival.