EGX ends Tuesday in red, market cap. loses LE 2B

CAIRO – 18 August 2020: The Egyptian Exchange (EGX) ended Tuesday session in red, losing LE 2 billion of market capitalization, amid Egyptian selling. 

The benchmark EGX30 declined 0.59 percent, or 65.66 points, to close at 11,077.11 points.

The equally weighted index EGX 50 dipped 0.54 percent, or 10.54 points, to end at 1,943.53 points.

The small and mid-cap index EGX 70 dropped 0.47 percent, or 7.84 points, to close at 1,658.40points, and the broader index EGX 100 inched down 0.55 percent, or 14.05 points to 2,529.53 points. 

Market capitalization lost around LE 2 billion, recording LE 612 billion, compared to LE 614 billion in Monday’s session.

The trading volume reached 524.99 million shares, traded through 41,898258 transactions, with a turnover of LE 1.25 billion. 

Egyptian investors were net sellers at LE 26.3 million, while Arab and foreign investors were net buyers at LE 20.04 million and LE 6.26 million, respectively. 

Egyptian, Arab and foreign individuals were net buyers at LE 13.64 million, LE 18.96 million,and LE 2.24 million, respectively.

Egyptian organizations sold at LE 39.95 million, while Arab and foreign bought at LE 1.07 million, and LE 4.02 million, respectively. 

Alexandria New Medical Center, MM Group for Industry and International Trade, and El Nasr for Manufacturing Agricultural Crops were top gainers of the session at 9.99 percent, 9.16 percent and 9.09 percent, respectively. 

Meanwhile, Rowad Tourism (Al Rowad), Mansourah Pourtly, and Emerald Real Estate Investmentwere top losers of the session by 9.29 percent, 8.70 percent, and 4.60 percent, respectively. 

EGX ended Monday in a semi-collective regression as: EGX30 rose 0.20 percent, while EGX50decreased 0.98 percent, EGX 70 dropped 0.75 percent, and EGX 100 inched down 0.78 percent.