EGX shows mixed performance, market cap. Loses LE 652.4M

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Mon, 23 Dec 2019 - 02:27 GMT

FILE - EGX

FILE - EGX

CAIRO – 23 December 2019: The Egyptian Exchange (EGX) ended Monday’s session on mixed note, and market capitalization lost LE 652.41 million, amid foreign purchases.

The benchmark EGX 30 hiked 0.07 percent, or 9.78 points, to close at 13,902.43 points.

On the other hand, the equally weighted index EGX 50 decreased 0.59 percent, or 11.68 points, to end at 1,962.43 points.

Moreover, the small and mid-cap index EGX 70 dropped 0.35 percent, or 1.85 points, to close at 528.34 points, the broader index EGX 100 inched down 0.31 percent, or 4.27points to 1,390.74 points.

Market capitalization lost LE 652.41 million, recording LE 701.72 billion, compared to LE 702.37 billion in Sunday’s session.

The trading volume reached 84.36 million shares, traded through 14,465 transactions, with a turnover of LE 1.17 billion.

Foreign investors were net buyers at LE 97.77 million, while Egyptian and Arab investors were net sellers at LE 95.15 million, and LE 2.62 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 42.21 million, LE 4.39 million, and LE 4.46 million, respectively.

Arab nd foreign organizations bought at LE 1.77 million and LE 102.23 million, respectively, while Egyptian organizations sold at LE 52.23 million.

Sabaa International Company for Pharmaceutical and Chemical, Alexandria National Company for Financial Investment, and Gharbia Islamic Housing Development were top gainers of the session by 7.43 percent, 7.38 percent and 4.04 percent, respectively.

Meanwhile, Alexandria Spinning & Weaving (SPINALEX), Arab Valves Company, and Universal For Paper and Packaging Materials (Unipack) were top losers of the session by 9.19 percent, 4.70 percent, and 4.22 percent, respectively.

EGX ended Sunday’s session in green, as: EGX 30 hiked 0.40 percent, EGX50 increased 0.15 percent, EGX70 climbed 0.12 percent, and EGX 70 inched up 0.12 percent.

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