EGX30 leaves 15K levels, market cap. loses LE2.5B

CAIRO – 16 September 2019: The Egyptian Exchange (EGX) ended Monday’s session in red for the second session in row, losing about LE 2.5 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 dropped 0.35 percent, or 52.99 point, to close at 14,970.24 points.

The equally weighted index EGX 50 declined 0.93 percent, or 20.32 points, to end at 2,164.31 points.

The small and mid-cap index EGX 70 inched down 0.63 percent, or 3.47 points, to close at 550.51 points, and the broader index EGX 100 decreased 0.47 percent, or 6.92 points, to 1,467.24 points.

Market capitalization lost LE 2.5 billion, recording LE 749.1 billion, compared to LE 751.63 billion in Sunday’s session.

The trading volume reached 178.94 million shares, traded through 23,180 transactions, with a turnover of LE 1.53 billion.

Foreign investors were net sellers at LE 111.13 million, while Egyptian and Arab investors were net buyers at LE 31.72 million, and LE 79.41 million, respectively.

Egyptian and foreign individuals were net sellers at LE 879,448, and LE 1.46 million, respectively, while Arab individuals were net buyers at LE 28.91 million.

Foreign organizations sold at LE 109.66 million, while Egyptian and Arab organization bought at LE 32.59 million, and LE 50.5 million, respectively.

El Nasr for Manufacturing Agricultural Crops, Misr Hotels, and Egyptians Housing Development & Reconstruction were top gainers of the session by 13.20 percent, 5.25 percent and 3.69 percent, respectively.

Meanwhile, Samad Misr -EGYFERT, AJWA for Food Industries company Egypt and Alexandria Flour Mills were top losers of the session by 5.45 percent, 4.91 percent, and 4.28 percent, respectively.

EGX ended Sunday’s session in red, as EGX 30 dipped 0.58 percent, EGX 50 declined 0.63 percent, EGX 70 inched down 0.45 percent, and EGX 100 decreased 0.44 percent.