EGX ends Monday in semi-collective rise, market cap. loses LE 1.02B

BY

Mon, 15 Jun 2020 - 01:58 GMT

FILE- Employees in the EGX following performance of the trading session on December 12, 2017

FILE- Employees in the EGX following performance of the trading session on December 12, 2017

CAIRO – 15 June 2020: The Egyptian Exchange (EGX) ended Monday’s session in a semi-collective rise, losing LE 1.02 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.58 percent, or 62.75 points, to close at 10,668.42 points.

On the other hand, the equally weighted index EGX 50 rose 0.06 percent, or 0.89 points, to end at 1,616.07 points, and the broader index EGX 100 increased 0.22 percent, or 4.46 points to 2,039.15 points.

The small and mid-cap index EGX 70 inched up 0.24 percent, or 3.1 points, to close at 1,286.61 points.

Market capitalization lost LE 1.02 billion, recording LE 571.75 billion, compared to LE 571.73 billion in Sunday’s session.

The trading volume reached 285.9 million shares, traded through 35,023 transactions, with a turnover of LE 1.39 billion.

Foreign investors were net sellers at LE 180.45 million, while Egyptian and Arab investors were net buyers at LE 179.13 million, and LE 1.32 million, respectively.

Egyptian and Arab individuals were net buyers at LE 55.42 million, and LE 4.54 million, respectively, while foreign individuals were net sellers at LE 1.08 million.

Egyptian organizations bought at LE 123.7 million, while Arab and foreign organizations sold at LE 3.2 million, and LE 179.37 million, respectively.

ARAB POLVARA SPINNING & WEAVING CO., Marsa Marsa Alam for Tourism Development, and Gharbia Islamic Housing Development were top gainers of the session at 9.99 percent, 9.97 percent and 9.92 percent, respectively.

Meanwhile, Emerald Real Estate Investment, the Egyptian Company for Construction Development-Lift Slab, and Misr Cement (Qena) were top losers of the session by 10 percent, 8.13 percent, and 4.85 percent, respectively.

EGX ended Sunday's session on mixed note, as: EGX30 dipped 0.93 percent, EGX 50 declined 0.66 percent, EGX 100 lessened 0.29 percent while EGX 70 increased 0.01 percent.

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