EGX ends Monday on mixed note, market cap. loses LE 2.1B

CAIRO – 30 November 2020: The Egyptian Exchange (EGX) ended Monday session in a semi-collective rise, losing LE 2.1 million of market capitalization, amid Egyptian and Arab purchases.

The benchmark EGX30 dropped 0.60 percent, or 65.92 points, to close at 10,93.35 points.

On the other hand, the equally weighted index EGX 50 inched up 0.04 percent, or 0.93 points, to end at 2,197.32 points.

The small and mid-cap index EGX 70 hiked 0.25 percent, or 5.08 points, to close at 2,040.86 points, and the broader index EGX 100 climbed 0.10 percent, or 2.93 points to 2,983.83 points.

Market capitalization lost around LE 2.1 billion, recording LE 636.51 billion, compared to LE 638.58 billion in Sunday's session.

The trading volume reached 539.69 million shares, traded through 50,568 transactions, with a turnover of LE 1.84 billion. 

Foreign investors were net sellers at LE 238.87 million, while Egyptian and Arab investors were net buyers at LE 204.89 million, and LE 33.98 million, respectively. 

Arab, and foreign individuals were net sellers at LE 13.08 million, and LE 37.13 million, respectively, while Egyptian individuals were net buyers at LE 66.75 million.

Egyptian and Arab organizations bought at LE 138.14 million , and LE 47.06 million, respectively, while foreign organizations sold at LE 201.74 million.

Alexandria New Medical Center, Atlas for Investment and Food Industries, and Emerald Real Estate Investment were top gainers of the session at 10 percent, 8.97 percent and 8.09 percent, respectively. 

Meanwhile, General Company for Land Reclamation,Development & Reconstruction, Marsa Marsa Alam for Tourism Development, and El Obour Real Estate Investment were top losers of the session by 5.23 percent, 4.96 percent, and 4.51 percent, respectively.

EGX ended Sunday session in green, as  EGX30 rose 0.26 percent, EGX 50 hiked 0.85 percent, EGX 70 jumped 1.35 percent and EGX 100 increased 1.16 percent.