Egypt’s stock market has opened Monday’s sessions encountering losses of EGP 402 million as the anti-regime mass demonstrations, scheduled for June 30, near.
The Egyptian Exchange’s indices were wavering in red notes by Monday morning, except for the mid- and small-cap index, the EGX70 which solely rose.
Benchmark EGX30 edged down by 0.47% to 4503.53 p; while EGX20 dropped by 0.06% to 4983.19 p.
On the other hand, the mid- and small-cap index, the EGX70 advanced by 0.01% to 348.86 p. Price index EGX100 also went down by 0.10% to 613.06 p.
The capital market has reached EGP 310.642 billion during the opening session of Monday, according to data compiled by Amwal Al Ghad English at 11:08 a.m. Cairo time (09:08 GMT).
Trading Volumes & Values
The trading volume has recorded 3.119 million securities worth EGP 10.115 million, exchanged through 639 transactions during Monday opening.
Also during the opening session, 50 listed securities have been traded in; 7 declined, 16 advanced; while 27 steadied.
The non-Arab foreigners’ selling pressures have triggered EGX’s opening losses as they were net sellers seizing 45.31% of the total markets, with a net equity of EGP 1.135 excluding the deals. They are in full alert to the upcoming mass demonstrations’ repercussions of witnessing a second stock crash similar to January 2011.
Meanwhile, Egyptians and Arabs were net buyers seizing 52.33% and 2.36% respectively, of the total markets, with a net equity of EGP 1.401 million and EGP 266.635 thousand, excluding the deals.