Egyptian selling pushes EGX into red Sunday

CAIRO – 29 December 2019: The Egyptian Exchange (EGX) ended Sunday’s session in red, and market capitalization lost LE 1.74 billion, amid Egyptian selling.

The benchmark EGX 30 dropped 0.52 percent, or 71.97 points, to close at 13,812.98 points.

The equally weighted index EGX 50 decreased 0.06 percent, or 1.18 points, to end at 1,957.97 points.

Moreover, the small and mid-cap index EGX 70 dipped 0.10 percent, or 0.53 points, to close at 529.12 points, the broader index EGX 100 dropped 0.18 percent, or 2.55 points to 1,389.33 points.

Market capitalization lost LE 1.74 billion, recording LE 698.81 billion, compared to LE 700.55 billion in Thursday’s session.

The trading volume reached 87.93 million shares, traded through 12,989 transactions, with a turnover of LE 269.45 million.

Egyptian investors were net sellers at LE 33.06 million, while Arab and foreign investors were net buyers at LE 17.97 million, and LE 15.09 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 6.54 million, LE 14.8 million, and LE 125,899, respectively.

Arab and foreign organizations bought at LE 3.16 million, and LE 14.96 million, respectively, while Egyptian organizations sold at LE 39.61 million.

National Housing for Professional Syndicates, Lecico Egypt, and Sarwa Capital Holding were top gainers of the session by 10 percent, 9.77 percent and 7.64 percent, respectively.

Meanwhile, Sues Canal Company For Technology Settling, Alexandria Spinning & Weaving (SPINALEX), and Fawry For Banking Technology And Electronic Payment were top losers of the session by 8.16 percent, 4.44 percent, and 3.66 percent, respectively.

EGX ended Thursday’s session in green, as: EGX30 hiked 1 percent, EGX50 increased 0.42 percent, EGX70 climbed 0.34 percent, and EGX100 rose 0.41 percent.