EGX continues its loss for 2nd session

CAIRO – 23 September 2019: The Egyptian Exchange (EGX) continues its downtrend for the second session this week, losing around LE 8.19 billion of its market capitalization, amid foreign selling.

The benchmark EGX 30 dipped 1.47 percent, or 204.92 point, to close at 13,753.19 points.

The equally weighted index EGX 50 declined 2.07 percent, or 40.66 points, to end at 1,925.97 points.

The small and mid-cap index EGX 70 lessened 1.79 percent, or 9.09 points, to close at 499.93 points, and the broader index EGX 100 decreased 1.72 percent, or 23.39 points, to 1,334.65 points.

Market capitalization lost LE 8.19 billion, recording LE 694.11 billion, compared to LE 702.3 billion in Sunday’s session.

The trading volume reached 336.47 million shares, traded through 31,907 transactions, with a turnover of LE 1.27 billion.

Foreign investors were net sellers at LE 213.78 million, while Egyptian and Arab investors were net buyers at LE 202.45 million, and LE 11.33 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 67.56 million, LE 5.12 million, and LE 2.22 million, respectively.

Egyptian and Arab organizations bought at LE 270.01 million, and LE 16.46 million, respectively, while foreign organizations sold at LE 211.56 million.

Samad Misr -EGYFERT, Cleopatra Hospital Company, and Egyptian for Tourism Resorts were top gainers of the session by 4.99 percent 4.71 percent and 4.15 percent, respectively.

Meanwhile, Misr Beni Suef Cement, Cairo Oils & Soap, and El Obour Real Estate Investment were top losers of the session by 12.79 percent, 9.46 percent, and 9.40 percent, respectively.

In Sunday, EGX witnessed a rough decline, as EGX30 dropped 5.32 percent, EGX50 lessened 6.88 percent, EGX70 decreased 5.66 percent, and EGX100 dipped 5.68 percent.