EGX ends Monday in red, market cap. loses LE 876.6M

CAIRO – 3 October 2022: The Egyptian Exchange (EGX) ended Monday’s session in the red zone, losing around LE 876.6 million of the market capitalization, amid Arab and foreign selling.

 

The benchmark EGX30 inched down 0.02 percent, or 1.51 points, to end at 9,685.85 points.

 

The equally weighted index EGX 50 decreased 0.07 percent, or 1.3 points, to end at 1,880.17 points.

 

The small and mid-cap index EGX 70 dipped 1.09 percent, or 24.14 points, to close at 2,193.17 points, and the broader index EGX 100 dropped 0.78 percent, or 24.55 points, at 3,115.95 points.

 

Market capitalization lost around LE 876.23 million, recording LE 680.5 billion, compared to LE 681.38 billion in Sunday’s session.

 

The trading volume reached 469.62 million shares, traded through 37,524 transactions, with a turnover of LE 915.82 million.

 

Egyptian investors were net buyers at LE 205.27 million, while Arab and foreign investors were net sellers at LE 55.06 million, and LE 150.2 million, respectively.

 

Egyptian and Arab individuals were net sellers at LE 13.51 million, and LE 22.94 million, respectively, while foreign individuals were net buyers at LE 623,176.

 

Arab and foreign organizations sold at LE 32.12 million, and LE 150.83 million, respectively, while Egyptian organizations bought at LE 218.77 million.

 

AJWA for Food Industries company Egypt, Egyptian Financial & Industrial, and Egyptian Real Estate Group were top gainers of the session at 7.33 percent, 5.29 percent and 4.64 percent, respectively.

 

Meanwhile, the Arab Dairy Products Co. Arab Dairy - Panda, General Silos & Storage, and Rakta Paper Manufacturing were top losers of the session by 9.71 percent, 8.01 percent, and 7.55 percent, respectively.