EGX continues its uptrend, market cap. gains LE 5.35B

CAIRO – 18 December 2019: The Egyptian Exchange (EGX) flagged in green for the second consecutive session during Wednesday, and market capitalization gained LE 5.35 billion, amid Arab and foreign purchases.

The benchmark EGX 30 hiked 1.22 percent, or 166.8 points, to close at 13,793.99 points.

The equally weighted index EGX 50 increased 1.01 percent, or 19.84 points, to end at 1,977.34 points.

The small and mid-cap index EGX 70 climbed 0.62 percent, or 3.28 points, to close at 530.36 points, and the broader index EGX 100 jumped 0.80 percent, or 11.11 points to 1,392.92 points.

Market capitalization gained LE 5.35 billion, recording LE 701.51 billion, compared to LE 696.15 billion in Tuesday’s session.

The trading volume reached 113.14 million shares, traded through 19,000 transactions, with a turnover of LE 530 million.

Egyptian investors were net sellers at LE 40.14 million, while Arab and foreign investors were net buyers at LE 15.4 million, and LE 24.73 million, respectively.

Arab and foreign individuals were net buyers at LE 18.57 million and LE 780,527, respectively, while Egyptian individuals were net sellers at LE 29.8 million.

Egyptian and Arab organizations sold at LE 10.33 million and LE 3.17 million, respectively, while foreign organizations bought LE 23.95 million.

National Housing for Professional Syndicates, Sabaa International Company for Pharmaceutical and Chemical, and Ceramic & Porcelain were top gainers of the session by 9.98 percent, 7.79 percent and 5.28 percent, respectively.

Meanwhile, Wadi Kom Ombo Land Reclamation, Sues Canal Company for Technology Settling, and Belton Financial Holding were top losers of the session by 9.66 percent, 8.13 percent, and 7.94 percent, respectively.
EGX ended Tuesday’s session in green, as: EGX 30 hiked 1.66 percent, EGX 50 increased 1.56 percent, EGX 70 climbed 1.10 percent, and EGX 100 jumped 1.25 percent.