18-02-2025
Source: MIST
Trading Economics-
The Shanghai Composite fell 0.93% to close at 3,324, while the Shenzhen Component dropped 1.61% to 10,617 on Tuesday, as investors took the opportunity to lock in profits after the recent market rally driven by excitement over DeepSeek’s artificial intelligence capabilities. Market participants also assessed the outlook following President Xi Jinping’s pledge to support the private sector in a closed-door meeting with prominent business leaders. Xi urged the business community to demonstrate their talent and confidence in China’s model and market as global competition intensifies. This marks a shift from the years-long regulatory crackdown that had depressed equity valuations. Notable losses were seen from Beijing Enlight (-6.3%), China United Network (-1.4%), IEIT Systems (-7%), East Money Information (-4.3%), and Sichuan Changhong (-5.7%).
EGX30
Advancing : Declining 0 : 1
shares
| Sector Name | T/O (EGP Mn) | Mkt % |
| Real Estate and Hotels | 1,438.83 | 34.96 |
| Financial Services & Electronic Payments | 824.09 | 20.03 |
| Industrial, Construction and Materials | 455.00 | 11.06 |
| Consumer Discretionary | 241.54 | 5.87 |
| Food and Beverage | 234.27 | 5.69 |
| Healthcare and Pharmaceuticals | 207.58 | 5.04 |
| Chemicals | 207.52 | 5.04 |
| Other | 206.42 | 5.02 |
| Banks | 146.30 | 3.56 |
| Transportation, Shipping and Logistics | 86.75 | 2.11 |
| Technology, Media and Telecom | 45.74 | 1.11 |
| Energy | 15.59 | 0.38 |
| Education | 5.50 | 0.13 |