EGX ends January in red, market capitalization loses LE 12B



Wed, 31 Jan 2018 - 01:53 GMT


Wed, 31 Jan 2018 - 01:53 GMT

EGX- Reuters

EGX- Reuters

CAIRO – 31 January 2018: The Egyptian Exchange (EGX) ended the last session in January in red, amid Egyptian and Arab selling within foreign purchasing.

The benchmark EGX30 closed at 15,042.37 points, losing 1.78 percent or 273.29 points.

The small and mid cap index EGX70 slipped 1.41 percent, or 12.37 points, to end at 862.94 points, and the broader index EGX100 inched down 1.19 percent, or 24.55 points, to reach the level of 2041.95 points.

The equally weighted index EGX50 lost 1.84 percent, closing at 2690.38 points.

Market capitalization lost LE 12.06 billion by the end of the session, recording LE 858.52 billion, compared to LE 870.57 billion in Tuesday’s session.

Foreign investors were net buyers by LE 14 million while Egyptian and Arab investors were net sellers by LE 6.34 million and LE 8.5 million, respectively.

Egyptian, Arab and foreign individuals were net buyers by LE 47.45 million, LE 24.47 million and LE 3.37 million, respectively.

Foreign organizations bought by LE 11.44 million, while Egyptian and Arab organizations sold by LE 53.79 million and LE 32.95 million, respectively.

Al Baraka Bank - Egypt (SAUD), Export Development Bank of Egypt (EXPA) and Alexandria Medical Services - Alexandria New Medical Center SAE (AMES) were the top gainers of the session by 6.77 percent, 5.92 percent and 4.87 percent, respectively.

While Sabaa International Company for Pharmaceutical and Chemical Industry (SIPC), The Arab Ceramic Co.-Ceramica Remas (CERA) and Modern Waterproofing (WATP) were the top losers of the session by 8.4 percent, 6.29 percent and 6.25 percent, respectively.

The Egyptian Exchange (EGX) indices ended Tuesday’s session on a mixed note and the benchmark EGX30 lost 0.35 percent, ending at 15,315.66 points.



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