EGX starts week in red, market cap. loses LE 15B

CAIRO – 3 May 2020: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing LE 15.03 billion to market capitalization, amid foreign selling.

The benchmark EGX 30 declined 3.36 percent, or 354.19 points, to close at 10,199.85 points.

The equally weighted index EGX 50 dipped 4.39 percent, or 71.62 points, to end at 1,561.6 points.

The small and mid-cap index EGX 70 dropped 3.70 percent, or 45.36 points, to close at 1,179.99 points, and the broader index EGX 100 lessened 2.89 percent, or 32.79 points to 1,101.29 points.

Market capitalization lost LE 15.03 billion, recording LE 556.41 billion, compared to LE 571.43 billion in Thursday’s session.

The trading volume reached 394.81 million shares, traded through 37,889 transactions, with a turnover of LE 878.54 million.

Foreign investors were sellers at LE 53.46 million, while Egyptian and Arab investors were net buyers at LE 49.94 million, and LE 3.52 million, respectively.

Egyptian and foreign individuals were net sellers at LE 6.95 million, and LE 6.83 million, respectively, while Arab individuals were net buyers at LE 9.68 million.

Egyptian organizations bought at LE 56.89 million, while Arab and foreign organizations sold at LE 6.16 million, and LE 46.63 million, respectively.

Wadi Kom Ombo Land Reclamation, Ismailia Development and Real Estate Co, and Arab Real Estate Investment CO.-ALICO were top gainers of the session at 9.50 percent, 9.22 percent and 9.09 percent, respectively.

Meanwhile, Atlas for Investment and Food Industries, Dice Sport & Casual Wear, and Minapharm Pharmaceuticals were top losers of the session by 10 percent, 9.98 percent, and 9.96 percent, respectively.

On Thursday, EGX ended the session in a semi-collective rise, as: EGX 30 inched up 0.08 percent, EGX 70 hiked 1.34 percent, EGX 100 climbed 0.58 percent, while EGX 50 dipped 0.03 percent.