Egypt Shares Lose EGP1.8 bln on Tuesday

Big 5

Egyptian shares ended lower on Tuesday, incurring losses of 1.8 billion Egyptian pounds since local investors’ profit-taking still ongoing. Consequently, the main stock index, EGX30 finished trading at 8150 points.

Meanwhile, the EGX indices were wavering in red notes for the third day in a row for this week.

Indices

Egypt’s benchmark index EGX30 ended 0.19 per cent lower to 8150.09 pts; while EGX20 finished 0.37 per cent down to 9722.98 pts.     
In addition, the mid- and small-cap index, the EGX70 went down by 0.55 per cent to end at 603.13 pts. The price index EGX100 fell by 0.48 per cent to conclude at 1055.61 pts.  
Furthermore, the market capitalization recorded EGP 474.453 billion on Tuesday.

Turnovers below EGP1 bln
Through the closing session of Tuesday, the trading volume has reached 204.747 million securities, with turnovers worth EGP 780.894 million, exchanged through 22.332 thousand transactions.               
Also during the closing session, 173 listed securities have been traded in; 113 declined, 40 advanced; while 20 keeping their previous levels.

Investors’ Activities

Egyptian investors were net sellers on Tuesday seizing 74.77% of the total market, with a net equity of EGP 157.744 million, excluding the deals.

On the other hand, Arab and the non-Arab foreign investors were net buyers capturing 3.83% and 21.4% respectively of the total markets, with a net equity of EGP 23.526 million and EGP 134.218 million respectively, excluding the deals.

Companies’ Activities

At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price rise on Tuesday by 0.08 percent to EGP 12.75.

Market bellwether Commercial International Bank S.A.E. (COMI.CA) pushed up by 1.52 percent to EGP 37.49.

In the real estate sector, Palm Hills Development Company (PHDC.CA) increased by 0.51 percent to trade at EGP 3.98, Talaat Moustafa Group Holding (TMGH.CA) plummeted by 1.13 percent to trade at EGP 8.74, in addition the Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) decreased by 0.61 percent to close at EGP 25.99.

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