EGX shows mixed performance Monday amid Egyptian individuals selling

The Egyptian Exchange (EGX) ended Monday’s session in a mixed performance, losing around LE 881.81 billion of the market capitalization, amid Egyptian individuals selling.

The benchmark EGX30 increased 0.40 percent, or 64.64 points, to end at 16,183.49 points.

On the other hand, the equally weighted index EGX 50 inched down 0.12 percent, or 3.3 points, to end at 2,854.47 points.

The small and mid-cap index EGX 70 dipped 1.01 percent, or 30.47 points, to close at 2,983.64 points, and the broader index EGX 100 dropped 0.80 percent, or 35.73 points, at 4,454.06 points.

Market capitalization lost around LE 881.81 million, recording LE 1.055 trillion, compared to LE 1.056 trillion in Sunday’s session.

The trading volume reached 704.26 million shares, traded through 74,970 transactions, with a turnover of LE 2.42 billion.

Egyptian investors were net sellers at LE 227.38 million, while Arab and foreign investors were net buyers at LE 102.24 million, and LE 125.14 million, respectively.

Arab and foreign individuals were net buyers at LE 54.02 million, and LE 2.05 million, respectively, while Egyptian individuals were net sellers at LE 324.08 million.

Egyptian, Arab and foreign organizations bought at LE 96.7 million, LE 48.22 million, and LE 123.09 million, respectively.

Orascom Development Egypt, CI Capital Holding for Financial Investments, and Obour Land for Food Industries were top gainers of the session at 8.76 percent, 6.36 percent and 5.38 percent, respectively.

Meanwhile, Ismailia National Food Industries, United Housing & Development, and Nasr Company for Civil Works were top losers of the session by 8.68 percent, 6.53 percent, and 6.23 percent, respectively.

Source: Egypt Today Magazine