Egypt stock market sages 4.18% with $932mn-losses

Egyptian stock market declined on Sunday with losses estimated at 7.3 billion Egyptian pounds (US$932.3 million) on Egyptian sell off.

The market capitalisation has reached 417.888 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 sagged  4.18 percent to 6522.12 points.

The newly-launched EGX50 EWI index went down by 4.73 percent to 1097.45 points.

EGX20 declined by 5.59 percent to 6215.02 points.

In addition, the mid- and small-cap index EGX70 decreased by percent 4.36 to 349.39 points. The price index, EGX100 inched down by 3.30 percent 761.13 points.

Turnovers down

On Sunday, the bourse’s trading volume has recorded 218.960 million securities, with turnovers closed at EGP 422.688 million, exchanged through 15,226 thousand transactions.

Also during the closing session,172  listed securities have been traded in;131 declined, 6 advanced; while 31 kept their previous levels.

Investors’ Activities

Arab and foreign investors were net buyers on Sunday getting 8.39 %and 6.59 %  respectively of the total markets, with a net equity of EGP 7.640  million and EGP 10.212 million, respectively, excluding the deals.

On the contrary, local investors were net sellers getting  85.02 % of the total market, with a net equity of EGP 17.852 million, excluding the deals.