EGX loses LE 1.15B of market cap. Sunday


Sun, 01 Dec 2019 - 01:58 GMT



CAIRO - 1 December 2019: The Egyptian Exchange (EGX) ended Sunday’s session in a semi-collective regression, losing LE 1.15 billion of market capitalization, amid Egyptian selling.

The benchmark EGX 30 lessened 0.50 percent, or 68.83 points, to close at 13,780.63 points.

The equally weighted index EGX 50 declined 0.51 percent, or 10.32 points, to end at 2,001.3 points, and the broader index EGX 100 inched down 0.11 percent, or 1.56 points, to 1,400.44 points.

On the other hand, the small and mid-cap index EGX 70 rose 0.34 percent, or 1.81 points, to close at 535.07 points.

Market capitalization lost LE 1.15 billion, recording LE 703.96 billion, compared to LE 705.11 billion in Thursday’s session.

The trading volume reached 79.72 million shares, traded through 13,673 transactions, with a turnover of LE 280.65 million.

Egyptian investors were net sellers at LE 38.82 million, while Arab and foreign investors were net buyers at LE 3.87 million, and LE 34.95 million, respectively.

Arab and foreign individuals were net buyers at LE 3.02 million, and LE 400,759, respectively, while Egyptian individuals were net sellers at LE 9.75 million.

Arab and foreign organizations bought at LE 844,305, and LE 34.55 million, respectively, while Egyptian organizations sold at LE 29.07 million.

Canal Shipping Agencies, Atlas for Investment and Food Industries, and Alexandria Containers and goods were top gainers of the session by 9.30 percent, 8.03 percent and 7.70 percent, respectively.

Meanwhile, El-Nile Co. for Pharmaceuticals and Chemical Industries, Belton Financial Holding, and Citadel Capital - Common Shares were top losers of the session by 5.43 percent, 5.29 percent, and 4.35 percent, respectively.



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