EGX ends Monday in semi-collective regression, market cap. loses LE 2.6B

CAIRO – 11 May 2020: The Egyptian Exchange (EGX) ended Monday’s session in a semi-collective regression, losing LE 2.6 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 rose 0.38 percent, or 38.58 points, to close at 10,296.33 points.

On the other hand, the equally weighted index EGX 50 dropped 0.81 percent, or 12.21 points, to end at 1,499.5 points.

The small and mid-cap index EGX 70 declined 2 percent, or 22.52 points, to close at 1,104.48 points, and the broader index EGX 100 lessened 1.51 percent, or 27.66 points to 1,808.88 points.

Market capitalization lost LE 2.6 billion, recording LE 546.95 billion, compared to LE 549.57 billion in Sunday’s session.

The trading volume reached 300.62 million shares, traded through 32,334 transactions, with a turnover of LE 1.52 billion.

Egyptian investors were buyers at LE 172.6 million, while Arab and foreign investors were net sellers at LE 75.74 million, and LE 96.86 million, respectively.

Arab and foreign individuals were net buyers at LE 905,882, and LE 239,262, respectively, while Egyptian individuals were net sellers at LE 23.5 million.

Egyptian organizations bought at LE 196.11 million, while Arab and foreign organizations sold at LE 76.65 million, and LE 97.1 million, respectively.

Eastern Company, Egyptian Financial Group-Hermes Holding Company, and Ismailia Development and Real Estate Co. were top gainers of the session at 6.81 percent, 5.70 percent and 5.67 percent, respectively.

Meanwhile, Ismailia National Food Industries, North Cairo Mills, and Misr Beni Suef Cement were top losers of the session by 15.07 percent, 9.92 percent, and 9.91 percent, respectively.

On Sunday, EGX ended the session in red, as: EGX30 rose 0.80 percent, while EGX 50 dropped 0.82 percent, EGX 70 declined 2.38 percent, or 27.42 points, and EGX 100 lessened 1.83 percent.