Egypt’s Stocks Open Lower this Week Incurring EGP2 billion Losses

Egypt’s stocks opened lower incurring early losses worth EGP2 billion amid Egyptian investors’ selling on Sunday opening.

Indices

The Benchmark EGX30 tumbled by 0.51 % to 407.93p, and EGX20 pushed down by 2% to 10980.18p.

In addition, the mid- and small-cap index, the EGX70 sagged by 0.86% to 646.08p.  Price index EGX100 plummeted by 0.1.06% to 1169.59p.

Furthermore, market capitalization reached EGP 522,577 billion on the session of Sunday opening.

Trading Volumes & Values

The trading volume has recorded 8.788 million securities worth EGP 30.871 million, exchanged through 1.4 thousand transactions during Sunday opening.

Also during the opening session, 91 listed securities have been traded in; 50 fell, 13 advanced; while 29 keeping their previous levels.

Investors’ Activities

Egyptian investors were net sellers at early trade on Sunday with a net equity of EGP 300.2 thousand and EGP1.82 million seizing 4% , 6.98% from the total value of trade on Sunday.

Egyptian  investors were net buyers at early trade on Sunday with a net equity of EGP2.12 million, acquiring 88.9%.