Market Commentary

 

24/09/2020

The local market headed south today with EGX30 declining 0.62% closing at 10,911.44pts, and EGX70 declining 0.46% to close at 2,000.45pts. Over the week EGX30 declined 1.26%, while EGX70 increased 3.35%.

Today’s turnover recorded EGP 1,265.2mn distributed over 410.1mn shares. ‎ Local  ‎‎ and Arab ‎‎investors stepped in as net buyers with EGP 107.8mn and EGP 28.6mn respectively, while Foreign ‎‎investors stepped out as net sellers with EGP 136.4mn. ‎‎Retail accounted for 73.33% of total turnover while institutions trades accounted for ‎‎the remaining 26.67%.‎

Today’s top gainers’ list was led by Development & Engineering Consultants (DAPH.CA) surging 12.83% to close at EGP 16.71. Cairo Oils & Soap (COSG.CA) followed suit rising 10.34% to close at EGP 30.73. Arab Aluminum (ALUM.CA) came in 3rd place adding 9.98% to close at EGP 21.93.

On the other hand, top losers’ list was led by South Cairo & Giza Mills & Bakeries (SCFM.CA) falling 9.80% to close at EGP 16.30. Reacap Financial Investments (REAC.CA) followed suit dropping 9.06% to close at EGP 5.12. Gulf Canadian Real Estate Investment Co. (CCRS.CA) came in 3rd place dipping 8.77% to close at EGP 58.45.

 

 

 

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