Egypt’s stock market starts week in red notes with losses worth $6mn

Egypt’s stock market starts week low with losses estimated at 48 million Egyptian pounds (US$6 million) despite local buying appetites

The market capitalisation has recorded 394.716 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 dropped 1.03 percent to 5753.74 points.

The EGX50 EWI index went up 10.61 percent to 1062.72 points.

EGX20 declined 0.68 percent to 5744.88 points.

In addition, the mid- and small-cap index EGX70 surged 0.69 percent to 349.88 points. The price index, EGX100 increased by 0.25 percent 698.11  points.

turnovers high

On Sunday, the bourse’s trading volume hit 132.103 million securities, with turnovers closed at 996.892 million pounds, exchanged through 16,551 thousand transactions.

Also during the closing session, 155 listed securities have been traded in; 49 declined, 57 advanced; while 42 kept their previous levels.

Investors’ Activities

Arab and foreign investors were net sellers Sunday getting 1.44 percent and 1.65 percent respectively of the total markets, with a net equity of 3.362 million pounds and 8.018 million pounds, respectively, excluding the deals.

On the contrary, the Local investors were net buyers seizing 96.9 percent of the total market, with a net equity of 11.381 million pounds, excluding the deals.