The Egyptian Exchange closed Monday’s trading session down, with a market cap of EGP 2.13 trillion. Notable declines were seen in the EGX30 and EGX33 indices, along with small- and mid-cap indices. Retail investors dominated trading, with a significant turnover and varying participation from foreign and Arab investors.
On Monday, the Egyptian Exchange (EGX) concluded its trading session with a decline, resulting in a market capitalization of EGP 2.13 trillion. The EGX30 index experienced a downturn of 0.91%, closing at 29,325.2 points. Similarly, the EGX33 Shariah index fell by 1.52%, reaching 3,021 points, further indicating a negative trend within the market.
The small- and mid-cap indices also struggled, with the EGX70 equal-weight index decreasing by 1.94% to settle at 7,972.35 points, while the EGX100 index fell by 1.68%, closing at 10,993.7 points. The overall market turnover was recorded at EGP 3.31 billion, facilitated by the exchange of 1.38 billion shares across 80,852 transactions.
In terms of trading participation, retail investors accounted for 54.43% of the total activity, whereas institutions comprised the remaining 45.56%. Notably, foreign traders represented 5.35% and Arab traders 4.64% of the transactions, contrasting with the significant presence of Egyptian investors at 90.01%. While Arab and Egyptian traders sold shares worth EGP 41.11 million and EGP 29.91 million respectively, foreign investors made net purchases amounting to EGP 71.03 million.
In summary, the Egyptian Exchange experienced a downturn on Monday, with declines across major indices and a total market capitalization of EGP 2.13 trillion. Retail investors led trading activities while foreign investors emerged as buyers amidst an overall negative sentiment within the markets. The trading data reflects a continuing trend of local and foreign investor dynamics in response to current market conditions.
Original Source: www.zawya.com
