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EGX ends Sunday in semi-collective regression

EGX ends Sunday in semi-collective regression

Cairo:  The Egyptian Exchange (EGX) recorded a semi-collective regression during Sunday’s session, losing LE 1.33 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 inched up 0.07 percent, or 10.78 points, to close at 14,556.32 points.

On the other hand, the equally weighted index EGX 50 decreased 0.56 percent, or 11.78 points, to end at 2,098.52 points.

The small and mid-cap index EGX 70 dipped 0.85 percent, or 4.63 points, to close at 541.56 points, and the broader index EGX 100 dropped 0.63 percent, or 9.11 points, to 1,438.68 points.

Market capitalization lost LE 1.33 billion, recording LE 726.75 billion, compared to LE 728.08 billion in Thursday’s session.

The trading volume reached 102.27 million shares, traded through 16,653 transactions, with a turnover of LE 452.76 million.

Egyptian investors were net buyers at LE 40.14 million, while Arab and foreign investors were net sellers at LE 12.87 million, and LE 27.27 million, respectively.

Egyptian and Arab individuals were net sellers at LE 14.52 million, and LE 13.05 million, respectively, while foreign individuals were net buyers at LE 438,581.

Egyptian and Arab organizations bought at LE 54.66 million, and LE 181,328, respectively, while foreign organizations sold at LE 27.71 million.

Sues Canal Company for Technology Settling, Raya Holding For Financial Investments, and October Pharma were top gainers of the session by 8.79 percent, 5.31 percent and 5.23 percent, respectively.

Meanwhile, Egyptian Starch & Glucose, Cairo Poultry, and Northern Upper Egypt Development & Agricultural Production were top losers of the session by 9.96 percent, 8.76 percent, and 8.23 percent, respectively.

On Thursday, EGX ended trading in red , EGX30 declined 0.43 percent, EGX50 dipped 0.27 percent, EGX70 decreased 0.24 percent, and EGX100 dropped 0.22 percent. Source: Egypt Today

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