EGX30’s Flops over Selling Pressures

EGX’s losses went on, during the mid-day trading of Monday, as it incurred losses of L.E3.2 million. The capital market reached L.E381.191 billion.

The main index, EGX 30 dipped 1.08% to reach 5243p. EGX20 dropped 1.43% to reach 6166p.

Meanwhile, the mid- and small-cap index, the EGX70 edged down 1.44% to reach 500p. Price index EGX100 slide down 1.14% to reach 864.62p.

The market has recorded values of L.E238.802 million; while the volume traded reached 67.417 million securities executed over 13.812 thousand transactions.

This was after trading in 159 listed securities; 135 down and 18 up while 6 keeping their previous levels.

The main reason for the EGX’s loss continuation is that Egyptians and foreigners were net sellers, with a net equity of L.E10.7million and L.E12.6 million respectively, after excluding deals.

Arab investors were net buyers after controlling 8.63% of the total market, with a net equity of L.E23.3 million, after excluding deals.