EGX loses LE 14.7B of market cap. Sunday

Sun, May. 5, 2019
CAIRO – 5 May 2019: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing LE 14.7 billion of market capitalization, amid Egyptian individuals selling.

The benchmark EGX30 declined 2.48 percent, or 369.85 points, to close at 14,511.54 points.

The equally weighted index EGX50 dipped 1.81 percent, or 41.6 points, to reach 2,253.75 points.

The small and mid-cap index EGX70 lessened 0.64 percent, or 4.15 points, to close at 644.87 points, and the broader index EGX100 decreased 0.91 percent, or 15.12 point, to 1,642.88 points.

Market capitalization lost LE 14.7 billion, recording LE 792.31 billion, compared to LE 807.01 billion in Thursday’s session.

The trading volume reached 116.87 million shares, traded through 11,822 transactions, with a turnover of LE 793.32 million.

Egyptian investors were net sellers at LE 352.08 million, while Arab and foreign investors were net buyers at LE 20.11 million, and LE 331.97 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 402.16 million, LE 20.64 million and LE 135,490, respectively.

Egyptian, Arab and foreign organizations bought at LE 50.08 million, LE 40.74 million and LE 332.11 million, respectively.

National Housing for Professional Syndicates, Delta Construction & Rebuilding, and Mansourah Poultry were top gainers of the session by 7.64 percent, 5.61 percent and 5.01 percent, respectively.

Meanwhile, Egyptian Real Estate Group, Eastern Company, and Reacap Financial Investments were top losers of the session by 9.06 percent, 6.34 percent, and 5.66 percent, respectively.

On Thursday, EGX showed mixed performance, as EGX30 dipped 0.27 percent, while EGX50 increased 0.04 percent, EGX70 rose 0.12 percent, and EGX100 inched up 0.04 percent.
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