EGX continues its downtrend for 3rd session

CAIRO – 7 May 2018: The Egyptian Exchange (EGX) ended Monday in red for the third consecutive session, amid Arab and foreign selling.

The benchmark EGX30 declined 0.50 percent, or 117.72 points, to close at 17,523.15 points.

The equally weighted index EGX50 also decreased 0.61 percent, or 18.46 points, to reach 2,986.15 points.

The small and mid-cap index EGX70 slipped 0.87 percent, or 7.64 points, closing in at 870.84 points, and the broader index EGX100 went down 0.89 percent, or 20.29 points, to close at 2,260.85 points.

Market capitalization lost LE 3.26 billion, recording LE 981.33 billion, compared to LE 984.59 billion in Sunday’s session.

The trading volume reached 158.57 million shares, traded through 24,639 transactions, with a turnover of LE 926.65 million.

Egyptian investors were net buyers at LE 33.69 million, while Arab and foreign investors were net sellers at LE 9.73 million and LE 23.96 million, respectively.

Egyptian and Arab individuals were net buyers at LE 3.14 million and LE 3,295, respectively, while foreign individuals were net sellers at LE 5.5 million.

Arab and foreign organizations sold at LE 9.74 million, and LE 18.43 million, respectively, while Egyptian organizations bought at LE 30.55 million.

Cairo Educational Services, National Housing for Professional Syndicates, and Arab Valves Company were top gainers of the session by 8.05 percent, 7.26 percent and 6.83 percent, respectively.

Meanwhile, Glaxo Smith Kline, El Nasr for Manufacturing Agricultural Crops, and Suez Cement were top losers of the session by 8.24 percent, 5.66 percent and 5.37 percent, respectively.

EGX ended Sunday’s session in red, as EGX30 decreased 1.24 percent, EGX50 downed 0.69 percent, EGX70 slipped 0.02 percent and EGX100 dropped 0.52 percent.