EGX adds LE 3.07B to market cap. Tuesday

Tue, Apr. 30, 2019
CAIRO - 30 April 2019: The Egyptian Exchange (EGX) ended Tuesday’s session on mixed performance, adding LE 3.07 billion to market capitalization, amid foreign investors’ purchases.

Tuesday’s session is the first trading session of the week, as EGX has been off since Thursday, April 25.

Earlier this month, EGX announced several official holidays for the bourse during the coming period. Thursday, April 25, was a holiday in celebration Sinai Liberation Day.

Trading was off on Sunday, April 28, on the occasion of Easter. Easter commemorates the resurrection of Jesus from the dead, described in the New Testament as having occurred on the third day after his crucifixion by the Romans at Calvary c. 30 AD.

Moreover, EGX was off on Monday, April 29, in celebration of Sham Ennesim, which is an Egyptian national holiday marking the beginning of spring. It always falls on the day after the Eastern Easter.

Trading will be resumed on Tuesday, April 30, to be off again on Wednesday, May 1, which marks Labor Day. Labor Day, also called International Workers’ Day, is a celebration of the working classes and occurs every year on May Day, an ancient European spring festival.

The benchmark EGX30 rose 1.01 percent, or 149.88 points, to close at 14,920.15 points.

The equally weighted index EGX50 increased 0.35 percent, or 8.03 points, to reach 2,294.4 points.

On the other hand, the small and mid-cap index EGX70 dipped 0.16 percent, or 1.01 points, to close at 648.26 points, and the broader index EGX100 inched down 0.01 percent, or 0.23 point, to 1,657.31 points.

Market capitalization gained LE 3.07 billion, recording LE 808.67 billion, compared to LE 805.61 billion in Wednesday’s session.

The trading volume reached 79.5 million shares, traded through 12,731 transactions, with a turnover of LE 732.18 million.

Foreign investors were net buyers at LE 230.04 million, while Egyptian and Arab investors were net sellers at LE 213.38 million, and LE 16.65 million, respectively.

Egyptian and Arab individuals were net sellers at LE 48.29 million, and LE 7.55 million, respectively, while foreign individuals were net buyers at LE 845,818.

Egyptian and Arab organizations sold at LE 165.09 million, and LE 9.1 million, respectively, while foreign organizations bought at LE 229.19 million.

Al Tawfeek Leasing Company-A.T.LEASE, Al Arafa for Investment and Consultancies, and Egyptian Real Estate Group, were top gainers of the session by 8.44 percent, 5.13 percent and 5 percent, respectively.

Meanwhile, Reacap Financial Investments, Sabaa International Company for Pharmaceutical and Chemical, and Alexandria Spinning & Weaving (SPINALEX) were top losers of the session by 9.86 percent, 8.29 percent, and 5.14 percent, respectively.

On Wednesday, April 24, EGX ended trading in a semi-collective rise, as EGX30 rose 0.85 percent, EGX50 increased 0.16 percent, and EGX100 inched up 0.05 percent, while EGX70 declined 0.04 percent. It added LE 3.78 billion to market capitalization.
There are no comments on this article.

Leave a comment