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EGX closes November on mixed note, gaining EGP7.68B in market capitalization

The benchmark EGX30 witnessed a marginal decline of 0.10%, equivalent to 23.77 points, closing at 24,735.39 points.

Thu, Nov. 30, 2023

The Egyptian Exchange (EGX) concluded the last session of November with a mixed performance, despite an increase of approximately EGP 7.68 billion in market capitalization, driven by selling activities from both Egyptian and foreign investors.
 
The benchmark EGX30 witnessed a marginal decline of 0.10%, equivalent to 23.77 points, closing at 24,735.39 points.
 
Conversely, the small and mid-cap index EGX 70 demonstrated a robust increase of 1.69%, or 87.75 points, concluding at 5,274.93 points.
 
The broader index EGX 100 exhibited a notable rise of 1.50%, translating to 112.78 points, reaching 7,645.91 points.
 
Market capitalization experienced a positive growth of about EGP 7.68 billion, reaching EGP 1.677 trillion, compared to EGP 1.669 trillion in the previous Wednesday's session.
 
The trading volume reached 1.4 million shares, conducted through 132,449 transactions, with a turnover of EGP 4.38 billion.
 
In terms of investor activity, Arab investors were net buyers with a value of EGP 5.3 million, while Egyptian and foreign investors were net sellers, amounting to EGP 1.68 million and EGP 3.62 million, respectively.
 
Asek Company for Mining - Ascom, El Ahli Investment and Development, and MM Group For Industry And International Trade emerged as the top gainers of the session with gains of 19.98%, 19.98%, and 19.86%, respectively.
 
Meanwhile, National Housing for Professional Syndicates, El Arabia for Land Reclamation, and Raya Contact Center were the top losers of the session, witnessing declines of 8.84%, 8.69%, and 5.71%, respectively.