EGX ends week in red, market cap. loses LE5.9B

CAIRO – 25 June 2020: The Egyptian Exchange (EGX) ended Thursday’s session in red, losing LE 5.99 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dipped 1.35 percent, or 149.06 points, to close at 10,890.48 points.

The equally weighted index EGX 50 decreased 1.06 percent, or 18.06 points, to end at 1,688.69 points.

The small and mid-cap index EGX 70 lessened 0.97 percent, or 13.52 points, to close at 1,384.68 points, and the broader index EGX 100 dropped 1.04 percent, or 22.69 points to 2,165.73 points.

Market capitalization lost LE 5.99 billion, recording LE 586.87 billion, compared to LE 592.87 billion in Wednesday’s session.

The trading volume reached 358.11 million shares, traded through 40,575 transactions, with a turnover of LE 1.06 billion.

Egyptian investors were net buyers at LE 105.32 million, while Arab and foreign investors were net sellers at LE 6.28 million, and LE 99.04 million, respectively.

Egyptian individuals were net buyers at LE 82.5 million, while Arab and foreign individuals were net sellers at LE 12 million and LE 11.61 million, respectively.

Foreign organizations sold at LE 87.43 million, while Egyptian and Arab organizations bought at LE 22.81 million, and LE 5.73 million, respectively.

GMC Group for Industrial, Commercial & Financial Investments, Gharbia Islamic Housing Development, and ODIN Investments were top gainers of the session at 9.17 percent, 8.92 percent and 8.85 percent, respectively.

Meanwhile, Sinai Cement, El Arabia for Land Reclamation, and The Arab Dairy Products Co. Arab Dairy – Panda were top losers of the session by 9.33 percent, 8.99 percent, and 8.92 percent, respectively.

EGX ended Wednesday’s session in green, as: EGX30 rose 2.55 percent, EGX 50 increased 2.60 percent, EGX 70 climbed 1.58 percent, and EGX 100 jumped 1.95 percent.