Market Commentary

 

30/11/2020

The local market witnessed mixed performance today with EGX30 decreasing 0.6% closing at 10.943.35pts, and ‎EGX70 increasing 0.25% to close at 2,040.86pts.

Today’s turnover recorded EGP 1,841.7mn distributed over 539.7mn shares. Local and Arab investors stepped in as net buyers with EGP 204.90mn and EGP 33.98mn respectively, while Foreign ‎‎investors stepped out as net sellers with EGP 238.88mn. ‎‎Retail accounted for 62.16% of total turnover while institutions trades accounted for ‎‎the remaining 37.84%.‎

Today’s top gainers’ list was led by Alexandria New Medical Center (AMES.CA) surging 10.00% to close at EGP 26.73. Atlas for Investment and Food Industries (AIFI.CA) followed suit rising 8.97% to close at EGP 7.65. Emerald Real Estate Investment (EMRI.CA) came in 3rd place adding 8.09% to close at EGP 4.14.

On the other hand, top losers’ list was led by General Company For Land Reclamation, Development & Reconstru (AALR.CA) falling 5.23% to close at EGP 26.08. Marsa Marsa Alam for Tourism Development (MMAT.CA) followed suit dropping 4.96% to close at EGP 1.609. El Obour Real Estate Investment (OBRI.CA) came in 3rd place dipping 4.51% to close at EGP 10.58.

 

 

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