EGX ends mid-week session in red

CAIRO – 28 January 2020: The Egyptian Exchange (EGX) ended Tuesday’s session red, losing LE 1.12 billion of market capitalization, amid Arab selling.

The benchmark EGX 30 inched down 0.14 percent, or 19.11 points, to close at 13,620.58 points.

The equally weighted index EGX 50 dipped 0.44 percent, or 8.36 points, to end at 1,870.68 points.

Moreover, the small and mid-cap index EGX 70 dropped 0.83 percent, or 4.4 points, to close at 526.73 points, and the broader index EGX 100 decreased 0.66 percent, or 9.02 points to 1,363.81 points.

Market capitalization lost LE 1.12 billion, recording LE 691.53 billion, compared to LE 692.65 billion in Monday’s session.

The trading volume reached 119.27 million shares, traded through 16,955 transactions, with a turnover of LE 119.27 million.

Arab investors were net sellers at LE 12.9 million, while Egyptian and foreign investors were net buyers at LE 11.09 million, and LE 1.8 million, respectively.

Arab and foreign individuals were net sellers at LE 13.64 million and LE 402,238, respectively, while Egyptian individuals were net buyers at LE 3.24 million.

Egyptian, Arab and foreign organizations bought at LE 7.85 million, and LE 741,325, and LE 2.21 million, respectively.

Ismailia National Food Industries, Modern Company for water proofing (Bitumode), and Telecom Egypt were top gainers of the session 9.92 percent, 8.22 percent and 6.14 percent, respectively.

Meanwhile, Paint & Chemicals Industries (Pachin), MM Group for Industry and International Trade, and National Housing for Professional Syndicates were top losers of the session by 8.35 percent, 5.77 percent, and 5.08 percent, respectively.