EGX loses EGP39.61bln of market cap. in early week tradings
The Egyptian Exchange (EGX) ended Sunday session in red losing 39.61 billion Egyptian pounds, amid Arab and foreign selling.
Following the decline of the world stocks by the end of the week due to the spread of coronavirus, in addition to the bad weather the country witnessed during the last days,
The benchmark EGX 30 lessened 9.34 percent, or 1045.78 points, to close at 10,148.34 points.
The equally weighted index EGX 50 dipped 8.26 percent, or 128.37 points, to end at 1,425.34 points.
The small and mid-cap index EGX 70 decreased 7.37 percent, or 80.83 points, to close at 1,015.39 points, and the broader index EGX 100 declined 7.09 percent, or 83.12 points to 1,089.69 points.
Market capitalization lost 39.61 billion pounds, recording LE 560.16 billion, compared to 599.77 billion pounds in Wednesday’s session.
The trading volume reached 197.07 million shares, traded through 16,683 transactions, with a turnover of 942.26 million pounds.
Egyptian investors were net buyers at 440.99 million pounds, while Arab and foreign investors were net sellers at 1.28 million pounds, and 439.72 million pounds, respectively.
Egyptian and Arab individuals were net sellers at 18.77 million pounds, and 19.88 million pounds, respectively, while foreign individuals were net buyers at 34,937 pounds.
Egyptian and Arab organizations bought at 459.77 million pounds, and 18.6 million pounds, respectively, while foreign organizations sold at 439.75 million pounds.
Raya Holding for Financial Investments, El Arabia Engineering Industries, and Mohandes Insurance were top gainers of the session at 2.28 percent, 0.97 percent and 0.24 percent, respectively.
Meanwhile, Ezz Steel, Alexandria Mineral Oils Company, and Porto Group were top losers of the session by 13.01 percent, 12.84 percent, and 12.41 percent, respectively.
On Wednesday, EGX ended the session in a semi-collective rise, as EGX 30 inched down 0.05 percent, while EGX 50 climbed 0.87 percent, EGX 70 increased 1.42 percent, and the broader index EGX 100 jumped 0.52 percent.
Thursday, was a paid day off for the bourse workers for bed weather.
