Market Commentary



The local market headed south today with EGX30 declining 0.46% to close at 10,200.56pts, and ‎EGX70 dropping 1.07% to close at 1,746.37 pts. Over the week, EGX30 decreased 3.31% and EGX70 dipped 4.71%.

Today’s turnover recorded EGP 572mn distributed over 251mn shares. Foreign investors stepped in as net buyers with EGP 14.91mn, while Local and Arabs investors stepped out as net sellers with EGP 10.84mn and EGP 4.07mn respectively.  ‎‎Retail accounted for 66.63% of total turnover while institutions trades accounted for ‎‎the remaining 33.37%.‎

 Today’s top gainers’ list was led Lecico Egypt (LCSW.CA) surging 5.94% to close at EGP 3.21. Minapharm Pharmaceuticals (MIPH.CA) followed suit rising 4.62% to close at EGP 136. EFG - Hermes Holding (HRHO.CA) came in 3rd place adding 3.04% to close at EGP 15.57.

On the other hand, top losers’ list was ODIN (ODIN.CA) falling 9.51% to close at EGP 0.79. Palm Hills Developments (PHDC.CA) followed suit dropping 8.89% to close at EGP 1.169. Arab Dairy Products Co. Arab Dairy - Panda (ADPC.CA) came in 3rd place dipping 8.68% to close at EGP 2.



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