EGX30 plummets on National, Arab selling wave

Cairo – Mubasher: The Egyptian Exchange ended the last trading session this week in the negative territory as EGX30 has seen the fastest declining tempo for 15 sessions.

The benchmark lost 90.35 points, or 1.15%, to reach 7,773.23 points.

CIB, the largest EGX30 constituent, rose 0.86% to EGP46, registering today the highest turnover of EGP190.6 million after 4.21 million shares were traded over 1,540 transactions.

The equal-weighted index EGX50 also slipped by 1.02% to 1,444.31 points.

Unlike, the small and mid-cap index EGX70 edged up by 0.45% to 374.32 points. Likewise, the broader index EGX100 closed 0.11% higher to 789.99 points.  

The total market value shed EGP1.41 billion to end the session at EGP413.35 billion against EGP414.754 billion.

Nationals and Arab investors were net sellers by EGP106.317 million and EGP29.21 million respectively, while foreign investors were net buyers by EGP135.530 million.

With 155.2 million shares changing hands, trading value reached EGP585.66 million.

The top gainers were El Nasr For Manufacturing Agricultural Crops (+8.13%), Egyptian International Pharmaceuticals (+7.81%), and Torah Cement (+6.81%).

On the flip side, the top losers were Rowad Tourism (Al Rowad), National Cement, Al Baraka Bank Egypt with a decline of 5.08%, 4.23%, and 3.89% respectively. 

MUBASHER Contribution Time: 28-Apr-2016 15:55 (GMT)
MUBASHER Last Update Time: 28-Apr-2016 15:55 (GMT)