EGX ends Sunday in semi-collective regression

CAIRO – 10 May 2020: The Egyptian Exchange (EGX) ended Sunday’s session in a semi-collective regression, losing LE 790 million of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 rose 0.80 percent, or 81.02 points, to close at 10,257.75 points.

On the other hand, the equally weighted index EGX 50 dropped 0.82 percent, or 12.56 points, to end at 1,511.71 points.

The small and mid-cap index EGX 70 declined 2.38 percent, or 27.42 points, to close at 1,127 points, and the broader index EGX 100 lessened 1.83 percent, or 34.19 points to 1,836.54 points.

Market capitalization lost LE 790 million, recording LE 549.57 billion, compared to LE 550.36 billion in Thursday’s session.

The trading volume reached 536.46 million shares, traded through 26,462 transactions, with a turnover of LE 536.46 million.

Egyptian investors were buyers at LE 38.21 million, while Arab and foreign investors were net sellers at LE 14.9764 million, and LE 23.44 million, respectively.

Egyptian and foreign individuals were net buyers at LE 36.16 million, and LE 8.15 million, respectively, while Arab individuals were net sellers at LE 2.85 million.

Egyptian organizations bought at LE 2.05 million, while Arab and foreign organizations sold at LE 11.91 million, and LE 31.59 million, respectively.

Canal Shipping Agencies, General Silos & Storage, and B Investments Holding were top gainers of the session at 10 percent, 9.92 percent and 6.87 percent, respectively.

Meanwhile, Misr Oils & Soap, Osool ESB Securities Brokerage, and Arab Polvara Spinning & Weaving were top losers of the session by 10 percent, 9.98 percent, and 9.89 percent, respectively.

On Thursday, EGX ended the session in red, as: EGX 30 dipped 1.14 percent, EGX 50 dropped 2.89 percent, EGX 70 declined 3.69 percent, and EGX 100 lessened 2.98 percent.