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

Egyptian keeps EGX in red zone for 2nd consecutive session

Mon, Jan. 6, 2020
CAIRO – 6 January 2020: The Egyptian Exchange (EGX) ended Monday’s session in red for the second consecutive session, and market capitalization lost LE 5.3 billion, amid Egyptian selling.

The benchmark EGX 30 dipped 0.53 percent, or 71 points, to close at 13,212.66 points.

The equally weighted index EGX 50 dropped 1.82 percent, or 33.71 points, to end at 1,819.42 points.

The small and mid-cap index EGX 70 decreased 1.54 percent, or 7.88 points, to close at 503.17 points, and the broader index EGX 100 lessened 1.42 percent, or 18.92 points to 1,313.09 points.

Market capitalization lost LE 5.3 billion, recording LE 672.73 billion, compared to LE 678.06 billion in Sunday’s session.

The trading volume reached 156.59 million shares, traded through 20,163 transactions, with a turnover of LE 564.37 million.

Egyptian investors were net sellers at LE 18.14 million, while Arab and foreign investors were net buyers at LE 6.31 million, and LE 11.83 million, respectively.

Egyptian and Arab individuals were net sellers at LE 32.25 million, and LE 3.79 million, respectively, while foreign individuals were net buyers at LE 559,453.

Egyptian, Arab and foreign organizations bought at LE 14.1 million, LE 10.11 million, and LE 11.27 million, respectively.

Mohandes Insurance, Ismailia Misr Poultry, and Juhayna Food Industries were top gainers of the session by 8.42 percent, 3.91 percent and 3.83 percent, respectively.

Meanwhile, El Obour Real Estate Investment, Egyptian Starch & Glucose, and El Nasr for Manufacturing Agricultural Crops were top losers of the session by 9.96 percent, 9.13 percent, and 8.89 percent, respectively.

EGX ended Sunday’s session in red, as EGX 30 dipped 4.43 percent, EGX 50 dropped 5.66 percent, EGX 70 decreased 4.77 percent, and EGX 100 lessened 4.79 percent.
 
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