EGX ends Wednesday in semi-collective rise, market cap. gains LE722M

CAIRO – 26 August 2020: The Egyptian Exchange (EGX) ended Wednesday session in a semi-collective rise, adding LE 711.2 million to market capitalization, amid Egyptian buying.

The benchmark EGX30 inched down 0.07 percent, or 7.84 points, to close at 11,453.78 points.

On the other hand, the equally weighted index EGX 50 hiked 0.64 percent, or 12.90 points, to end at 2,027.39points.

The small and mid-cap index EGX 70 rose 1.65 percent, or 28.89 points, to close at 1,784.35 points, and the broader index EGX 100 climbed 1.32 percent, or 35.18 points to 2,691.29 points. 

Market capitalization gained around LE 722.21 million, recording LE 628.78 billion, compared to LE 628.06 billion in Tuesday’s session.

The trading volume reached 544.11 million shares, traded through 48,311 transactions, with a turnover of LE 1.64 billion. 

Egyptian investors were net buyers at LE 38.84 million, while Arab and foreign investors were net sellers at LE 7.38 million, and LE 31.46 million, respectively. 

Arab individuals were net sellers at LE 39.04 million, while  Egyptian and foreign individuals were net buyers at LE 47.3 million, and LE 3.73 million, respectively.

Arab organizations bought at LE 31.65 million, while Egyptian and foreign sold at LE 8.45 million, and LE 35.19 million, respectively. 

South Valley Cement, Giza General Contracting, and the Egyptian Company for Construction Development-Lift Slab were top gainers of the session at 9.36 percent, 8.60 percent and 8.04 percent, respectively. 

Meanwhile, Mohandes Insurance, Atlas for Investment and Food Industries, and Arab Co. for Asset Management and Development were top losers of the session by 4.06 percent, 3.48 percent, and 3.17percent, respectively. 

EGX ended Tuesday on mixed note as: EGX30 rose 0.24 percent, EGX70 increased 0.08 percent, while EGX50 dropped 0.26 percent, and EGX 100 inched down 0.04 percent.