EGX flags in red during Monday, market cap. loses LE 3.12B

CAIRO – 31 August 2020: The Egyptian Exchange (EGX) ended Monday’s session in red, losing LE 3.12 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.60 percent, or 68.82 points, to close at 11,365.99 points.

The equally weighted index EGX 50 dropped 0.68 percent, or 13.90 points, to end at 2,044.80 points.

The small and mid-cap index EGX 70 declined 0.64 percent, or 11.95 points, to close at 1,848.57 points, and the broader index EGX 100 decreased 0.60 percent, or 16.71 points to 2,763.15 points. 

Market capitalization lost around LE 3.12 billion, recording LE 630.89 billion, compared to LE 634.02 billion in Sunday’s session.

The trading volume reached 536.56 million shares, traded through 53,488 transactions, with a turnover of LE 1.56 billion. 

Foreign investors were net sellers at LE 73.23 million, while Egyptian and Arab investors were net buyers at LE 33.25 million, and LE 39.97 million, respectively. 

Arab individuals were net buyers at LE 49.63 million, while  Egyptian and foreign individuals were net sellers at LE 21.31 million, and LE 148,843, respectively.

Arab and foreign organizations sold at LE 9.65 million, and LE 73.08 million, respectively, while Egyptian organizations bought at LE 54.57 million.

International Agricultural Products, Alexandria Spinning & Weaving (SPINALEX), and Misr Oils & Soap were top gainers of the session at 11.78 percent, 10.45 percent and 9.86 percent, respectively. 

Meanwhile, B Investments Holding, Sarwa Capital Holding, and Gulf Canadian Real Estate Investment Co. were top losers of the session by 7.74 percent, 6.75 percent, and 6.19 percent, respectively. 

EGX ended Sunday on mixed note as: EGX30 dipped 0.24 percent, while EGX 50 increased 0.97 percent, EGX70 rose 2.22 percent, and EGX 100  hiked 1.76 percent.