EGX loses LE 1.66B of market cap. Tuesday

CAIRO – 5 March 2019: The Egyptian Exchange (EGX) ended mid-week session on mixed note, and market capitalization lost around LE 1.66 billion, amid Egyptian organizations selling.

The benchmark EGX30 decreased 0.59 percent, or 86.8 points, to close at 14,728.38 points.

The small and mid-cap index EGX70 inched down 0.07 percent, or 0.48 point, to 708.16 points, and the broader index EGX100 lessened 0.12 percent, or 2.22 points, to close at 1,785.31 points.

On the other hand, the equally weighted index EGX50 rose 0.07 percent, or 1.63 points, to reach 2,399.82 points.

Market capitalization lost LE 1.66 billion, recording LE 820.45 billion, compared to LE 822.1 billion in Monday’s session.

The trading volume reached 162.25 million shares, traded through 22,715 transactions, with a turnover of LE 739.29 million.

Egyptian investors were net sellers at LE 24.61 million, while Arab and foreign investors were net buyers at LE 5.97 million and LE 18.63 million, respectively.

Arab individuals were net sellers at LE 28.56 million, while Egyptian and foreign individuals were net buyers at LE 49.48 million, and LE 1.78 million, respectively.

Egyptian organizations sold LE 74.09 million, while Arab and foreign organizations bought at LE 34.53 million, and LE 16.85 million, respectively.

Development & Engineering Consultants, Egyptian International Tourism Projects, and Assiut Islamic Trading were top gainers of the session by 7.74 percent, 5.30 percent and 5.28 percent, respectively.

Meanwhile, Modern Company for water proofing (Bitumode), General Company For Land Reclamation,Development & Reconstruction, and El Arabia Engineering Industries were top losers of the session by 7.93 percent, 4.73 percent, and 4.38 percent, respectively.

EGX ended Monday’s in red, as EGX30 dropped 0.03 percent, EGX50 dipped 0.26 percent, EGX70 lessened 1.12 percent, and EGX100 decreased 0.96 percent.