EGX 30 Index Closes Down 0.66% as Foreigners Sell EGP 521 Million
The EGX 30 index closed down 0.66% at 53,553.41 points, as foreign investors recorded net sales of EGP 521.422 million, while both the EGX 70 and EGX 100 indices fell by 0.89% each.
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The EGX 30 index closed Monday's session down by 0.66% at 53,553.41 points, while both the EGX 70 and EGX 100 indices declined by 0.89% each. Turnover reached EGP 9.458 billion across 2.623 billion shares executed through 241,760 transactions, while market capitalization stood at EGP 4.239 trillion.
Foreign investors recorded net sales of EGP 521.422 million, and Arab investors recorded net sales of EGP 60.296 million, while Egyptians were the sole net buyers at EGP 581.718 million.
Turnover was 17.6% lower than the 90-day average, indicating relative calmness in activity compared to previous sessions. Despite the session's decline, the index maintains year-to-date gains of 28.0%.
Palm Hills Development led the gainers, rising 1.5%, followed by e-finance at 1.0%, and Heliopolis Housing at 0.7%. On the other hand, Misr Cement fell 5.5%, Edita dropped 2.9%, and Cleopatra Hospital declined 2.6%.
What do these terms mean?
EGX 30 Index: The main benchmark index of the Egyptian Exchange, measuring the performance of the top 30 listed companies in terms of liquidity and market capitalization. Net Selling: The difference between the value of assets sold and bought by a specific category of investors during a trading session. Market Capitalization: The total value of listed companies' shares at the prevailing market price. Turnover: The total value of shares traded during the session.
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