EGX ends Monday in red, market cap. loses LE3B

CAIRO – 9 September 2019: The Egyptian Exchange (EGX) ended Monday’s session in red, losing about LE 3.05 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 declined 0.29 percent, or 43.33 point, to close at 14,887.78 points.

The equally weighted index EGX 50 dropped 0.42 percent, or 9.1 points, to end at 2,174.37 points.

The small and mid-cap index EGX 70 inched down 0.38 percent, or 2.12 points, to close at 556.41 points, and the broader index EGX 100 decreased 0.27 percent, or 3.97 point, to 1,473.45 points.

Market capitalization lost LE 3.05 billion, recording LE 774.49 billion, compared to LE 777.55 billion in Sunday's session.

The trading volume reached 146.63 million shares, traded through 22,063 transactions, with a turnover of LE 863.05 million.

Egyptian investors were net buyers at LE 66.88 million, while Arab and foreign investors were net sellers at LE 34.75 million, and LE 32.14 million, respectively.

Arab and foreign individuals were net buyers at LE 7.59 million, and LE 1.4 million, respectively, while Egyptian individuals were net sellers at LE 3.4 million.

Arab and foreign organization sold at LE 42.34 million, and LE 33.54 million, respectively, while Egyptian organizations bought at LE 70.28 million.

ODIN Investments, Egyptian Real Estate Group, and National Real Estate Bank for Development were top gainers of the session by 9.70 percent, 8.46 percent and 6.08 percent, respectively.

Meanwhile, Arab Valves Company, Egypt for Poultry, and GMC Group for Industrial Commercial & Financial Investments were top losers of the session by 3.92 percent, 3.74 percent, and 3.43 percent, respectively.