EGX loses LE32.95B of market cap. during Monday

CAIRO – 9 March 2020: The Egyptian Exchange (EGX) recorded a collective regression during Monday’s session, losing LE 32.95 billion, amid Arab and foreign selling.

The benchmark EGX 30 dropped 7.31 percent, or 865.91 points, to close at 10,983.48 points.

The equally weighted index EGX 50 dipped 5.95 percent, or 97.21 points, to end at 1,535.65 points.

The small and mid-cap index EGX 70 decreased 5.04 percent, or 57.51 points, to close at 1,083.43 points, and the broader index EGX 100 lessened 5.71 percent, or 70.72 points to 1,167.19 points.

Market capitalization lost LE 32.95 billion, recording LE 594.07 billion, compared to LE 627.02 billion in Sunday’s session.

The trading volume reached 256.74 million shares, traded through 23,967 transactions, with a turnover of LE 822.74 million.

Egyptian investors were net buyers at LE 93.41 million, while Arab and foreign investors were net sellers at LE 11.22 million, and LE 82.19 million, respectively.

Arab and foreign individuals were net sellers at LE 19.21 million, and LE 1.54 million , respectively, while Egyptian individuals were net buyers at LE 58.08 million.

Egyptian and Arab organizations bought at LE 35.33 million, and LE 7.99 million, respectively, while foreign organizations sold at LE 80.65 million.

Alexandria New Medical Center, Ismailia Misr Poultry, and Golden Coast Company top gainers of the session at 9.97 percent, 3.62 percent and 3.01 percent, respectively.

Meanwhile, Orascom Development Egypt, Citadel Capital - Common Shares, and AJWA for Food Industries company Egypt were top losers of the session by 10 percent, 9.99 percent, and 9.96 percent, respectively.