EGX stays in red zone for 2nd session in row, market cap. loses LE5.2B

CAIRO – 4 May 2020: The Egyptian Exchange (EGX) stayed in the red zone for the second consecutive session during Monday, losing LE 5.2 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 declined 1.16 percent, or 117.89 points, to close at 10,081.96 points.

The equally weighted index EGX 50 dipped 2.26 percent, or 35.23 points, to end at 1,526.37 points.

The small and mid-cap index EGX 70 dropped 2.53 percent, or 29.88 points, to close at 1,150.11 points, and the broader index EGX 100 lessened 1.12 percent, or 12.36 points to 1,088.93 points.

Market capitalization lost LE 5.2 billion, recording LE 551.21 billion, compared to LE 556.41 billion in Sunday’s session.

The trading volume reached 235.5 million shares, traded through 30,090 transactions, with a turnover of LE 605.38 million.

Foreign investors were sellers at LE 3.02 million, while Egyptian and Arab investors were net buyers at LE 824,029, and LE 2.2 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 20.46 million, LE 4.27 million, and LE 1.11 million, respectively.

Egyptian, Arab and foreign organizations sold at LE 19.64 million, LE 2.07 million and LE 4.13 million, respectively.

Glaxo Smith Kline, Memphis Pharmaceuticals, and Medical Packaging Company were top gainers of the session at 9.55 percent, 8.30 percent and 8.05 percent, respectively.

Meanwhile, Atlas for Investment and Food Industries, Dice Sport & Casual Wear, and General Company for Land Reclamation,Development & Reconstruction were top losers of the session by 10 percent, 10 percent, and 9.45 percent, respectively.

On Sunday, EGX ended the session in red, as: EGX 30 declined 3.36 percent, EGX 50 dipped 4.39 percent, EGX 70 dropped 3.70 percent, and EGX 100 lessened 2.89 percent.