EGX ends Monday on mixed note, market cap. loses LE 3.3B

The Egyptian Exchange (EGX) showed mixed performance during Monday’s session, losing around LE 3.3 billion of the market capitalization, amid Arab and foreign selling.

The benchmark EGX30 declined 0.14 percent, or 23.76 points, to end at 16,803.89 points.

The equally weighted index EGX 50 dipped 0.30 percent, or 8.69 points, to end at 2,912.32 points.

On the other hand, the small and mid-cap index EGX 70 rose 0.19 percent, or 5.7 points, to close at 3,067.23 points, and the broader index EGX 100 inched up 0.01 percent, or 0.56 points, at 4,534.84 points.

Market capitalization lost around LE 3.32 billion, recording LE 1.082 trillion, compared to LE 1.086 trillion in ?Sunday’s session.

The trading volume reached 586.01 million shares, traded through 69,832 transactions, with a turnover of LE 1.93 billion.

Egyptian investors were net buyers at LE 129.38 million, while Arab and foreign investors were net sellers at LE 71 million, and LE 121.38 million, respectively.

Arab and foreign individuals were net sellers at LE 24.94 million, and LE 7.31, respectively, while Egyptian individuals were net buyers at LE 30.77 million.

Arab and foreign organizations sold at LE 46.06 million, and LE 114.07 million, respectively, while Egyptian organizations bought at LE 161.61 million.

Delta For Printing & Packaging, Nasr Company for Civil Works, and Arab Developers Holding were top gainers of the session at 14.52 percent, 7.75 percent and 7.41 percent, respectively.

Meanwhile, Egyptian Financial & Industrial, Remco for Touristic Villages Construction, and The Arab Dairy Products Co. Arab Dairy – Panda were top losers of the session by 6.03 percent, 4.96 percent, and 4.57 percent, respectively.

Source: Egypt Today Magazine