EGX loses LE10B of market capitalization Monday

CAIRO – 25 March 2019: The Egyptian Exchange (EGX) ended second session of the week in red after being in the green zone for the last two sessions, and market capitalization lost LE 10 billion, amid Arab and foreign selling.

The benchmark EGX30 dropped 1.15 percent, or 170.1 points, to close at 14,670.8 points.

The equally weighted index EGX50 decreased 1.40 percent, or 33.95 points, to reach 2,385.8 points.

The small and mid-cap index EGX70 dipped 0.30 percent, or 2.08 points, to close at 684.26 points, and the broader index EGX100 inched down 0.47 percent, or 8.2 point, to 1,734.82 points.

Market capitalization lost LE 10 billion, recording LE 813.29 billion, compared to LE 823.34 billion in Sunday’s session.

The trading volume reached 144.14 million shares, traded through 17,886 transactions, with a turnover of LE 684.44 million.

Egyptian investors were net buyers at LE 51.56 million, while Arab and foreign investors were net sellers at LE 7.38 million and LE 44.17 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 8.69 million, LE 17.32 million and LE 4.23 million, respectively.

Egyptian and Arab organizations bought at LE 60.26 million and LE 9.94 million, respectively, while foreign organizations sold at LE 39.94 million.

Egyptian Satellites (NileSat), Egyptians Real Estate Fund Certificates, and National Housing for Professional Syndicates were top gainers of the session by 5.85 percent, 4.21 percent and 3.92 percent, respectively.

Meanwhile, General Company for Land Reclamation, Development & Reconstruction, Edita Food Industries S.A.E, and Gharbia Islamic Housing Development were top losers of the session by 9.37 percent, 6.87 percent, and 6.87 percent, respectively.

EGX ended Sunday’s session in green, as EGX30 rose 0.39 percent, EGX50 increased 0.58 percent, EGX70 inched up 0.12 percent, and EGX100 hiked 0.13 percent.