EGX30 Plunges below 8095, Shares Lose EGP5.8 billion on Sunday

Egypt’s stock market ended lower on Sunday with losses totalling 5.8 billion Egyptian pounds (US$832.4 million) driven by strong foreign profit-takers. Accordingly, the main stock index – EGX30 plunged below 8095 points.

Meanwhile, the Egyptian Exchange (EGX) indices were wavering in red notes on Sunday afternoon.


Egypt’s benchmark index EGX30 closed 1.93 per cent lower to 8092.38 pts; while EGX20 finished 1.99 per cent down to 9743.98 pts.     
On the contrary, the mid- and small-cap index, the EGX70 plummeted by 1.47 per cent to end at 617.88 pts. The price index EGX100 also inched down by 1.56 per cent to conclude at 1077.12 pts.  
Furthermore, the market capitalization recorded EGP 481.642 billion on Sunday.

Turnovers below One Billion
Through the closing session of Sunday, the trading volume has reached 221.064 million securities, with turnovers worth EGP 741.073 million, exchanged through 28.387 thousand transactions.             
Also during the closing session, 185 listed securities have been traded in; 140 declined, 26 advanced; while 19 keeping their previous levels.

Investors’ Activities

The non-Arab foreign and Arab investors were net sellers on Sunday seizing 3.18% and 3.66% respectively of the total markets, with a net equity of EGP 12.788 million and EGP 10.960 million respectively, excluding the deals.

On the other hand, Egyptian investors were net buyers capturing 93.15% of the total market, with a net equity of EGP 23.748 million, excluding the deals.

Companies’ Activities

At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price decline on Thursday by 0.63 percent to EGP 12.70.

Market bellwether Commercial International Bank S.A.E. (COMI.CA) went down by 0.50 percent to EGP 37.48.

In the real estate sector, Palm Hills Development Company (PHDC.CA) sagged by 2.49 percent to trade at EGP 3.91, Talaat Moustafa Group Holding (TMGH.CA) dropped by 2.31 percent to trade at EGP 8.05, while Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) tumbled by 2.55 percent to close at EGP 27.16.