Egyptian Exchange Concludes Monday with Declining Indices

The Egyptian Exchange closed on Monday with a decline in all major indices, ending with a market capitalization of EGP 2.13 trillion. The EGX30 fell by 0.91%, while the small-cap indices also showed negative performance. Total trading volume was EGP 3.31 billion, with retail investors dominating transactions.

On Monday, the Egyptian Exchange (EGX) concluded its trading session with a decline, reducing the market capitalization to EGP 2.13 trillion. The EGX30 index experienced a downturn of 0.91%, closing at 29,325.2 points, while the EGX33 Shariah index fell by 1.52%, settling at 3,021 points.

Additionally, the small- and mid-cap indices suffered losses; the EGX70 equal-weight index decreased by 1.94% to 7,972.35 points, and the EGX100 index dropped 1.68% to 10,993.7 points. Overall trading turnover reached EGP 3.31 billion, with around 1.38 billion shares changing hands across 80,852 transactions.

Retail investors constituted 54.43% of the trading activity, compared to 45.56% from institutional investors. Notably, foreign traders accounted for 5.35% of transactions, while Arab traders represented 4.64%, with Egyptian investors making up 90.01% of the total activity. Arab and Egyptian investors primarily acted as sellers, offloading EGP 41.11 million and EGP 29.91 million, respectively, whereas foreign investors were net buyers, acquiring EGP 71.03 million worth of shares.

In summary, the Egyptian Exchange faced a downturn, with significant declines across major indices and varying participation from different investor groups. Retail investors led trading activity, while foreign investors emerged as net buyers despite an overall negative market sentiment. This session reflects ongoing volatility in the Egyptian capital market, necessitating cautious monitoring from stakeholders.

Original Source: www.zawya.com