FILE - Employees in the EGX following performance of the trading session on December 12, 2017 FILE - Employees in the EGX following performance of the trading session on December 12, 2017

EGX loses LE28.6B of market cap. amid collective regression

Sun, Jan. 5, 2020
CAIRO – 5 January 2020: The Egyptian Exchange (EGX) recorded a collective regression during Sunday’s session, and market capitalization lost LE 28.65 billion, amid Egyptian selling.

The benchmark EGX 30 dipped 4.43 percent, or 615.88 points, to close at 13,283.66 points.

The equally weighted index EGX 50 dropped 5.66 percent, or 111.12 points, to end at 1,853.13 points.

The small and mid-cap index EGX 70 decreased 4.77 percent, or 25.58 points, to close at 511.05 points, and the broader index EGX 100 lessened 4.79 percent, or 67.06 points to 1,332.01 points.

Market capitalization lost LE 28.65 billion, recording LE 678.06 billion, compared to LE 706.71 billion in Thursday’s session.

The trading volume reached 184.63 million shares, traded through 22,015 transactions, with a turnover of LE 552.6 million.

Egyptian investors were net sellers at LE 71.42 million, while Arab and foreign investors were net buyers at LE 2.54 million, and LE 68.88 million, respectively.

Egyptian and foreign individuals were net sellers at LE 38.76 million, and LE 6.96 million, respectively, while Arab individuals were net buyers at LE 4.26 million.

Egyptian and Arab organizations sold at LE 32.66 million, and LE 1.72 million, respectively, while foreign organizations bought at LE 75.85 million.

Electro Cable Egypt, Gharbia Islamic Housing Development, and TransOceans Tours were top gainers of the session by 2.86 percent, 2.56 percent and 2.44 percent, respectively.

Meanwhile, Misr Oils & Soap, Sharkia National Food, and Ezz Steel were top losers of the session by 10 percent, 9.85 percent, and 9.39 percent, respectively.


 
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