EGX ends Monday’s session in red, market cap. loses LE 2.3B

CAIRO – 5 August 2019: The Egyptian Exchange (EGX) entered the red zone during Monday’s session, losing about LE 2.27 billion of market capitalization, amid Egyptian selling.

The benchmark EGX 30 declined 0.13 percent, or 17.6 point, to close at 13,598.66 points.

The equally weighted index EGX 50 dropped 0.12 percent, or 2.32 points, to close at 1,980.88 points.

The small and mid-cap index EGX 70 dipped 0.42 percent, or 2.18 points, to close at 520.24 points, and the broader index EGX 100 lessened 0.23 percent, or 3.2 point, to 1,361.74 points.

Market capitalization lost LE 2.27 billion, recording LE 717.75 billion, compared to LE 720.02 billion in Sunday’s session.

The trading volume reached 158.14 million shares, traded through 17,269 transactions, with a turnover of LE 589.49 million.

Egyptian investors were net sellers at LE 46.95 million, while Arab and foreign investors were net buyers at LE 1.81 million, and LE 45.14 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 35.53 million, LE 1.95 million and LE 1.07 million, respectively.

Arab and foreign organizations bought at LE 3.75 million, and LE 46.21 million, respectively, while Egyptian organizations sold at LE 11.41 million.

ZahraaMaadi Investment & Development, Wadi Kom Ombo Land Reclamation, and Ismailia National Food Industries were top gainers of the session by 8.75 percent, 7.10 percent and 7.06 percent, respectively.

Meanwhile, Sues Canal Company for Technology Settling,Alexandria Cement, and Raya Holding for Financial Investments were top losers of the session by 9.83 percent, 9.82 percent, and 7.66 percent, respectively.

EGX ended Sunday’s session in green, as EGX30 rose 0.67 percent, EGX50 hiked 0.66 percent, EGX 70 increased 0.06 percent, and EGX 100 climbed 0.37 percent.