EGX stays in red zone for 2nd consecutive session

CAIRO – 3 February 2020: The Egyptian Exchange (EGX) continous trading in the red zone during Monday for the second session in row, losing LE 2.02 billion of market capitalization, amid Arab selling.

The benchmark EGX 30 dropped 0.08 percent, or 10.56 points, to close at 13,878.33 points.

The equally weighted index EGX 50 dipped 0.46 percent, or 8.75 points, to end at 1,912.46 points.

Moreover, the small and mid-cap index EGX 70 declined 0.30 percent, or 3.87 points, to close at 1,265.49 points, and the broader index EGX 100 decreased 0.16 percent, or 2.28 points to 1,383.57 points.

Market capitalization lost LE 2.02 billion, recording LE 704.08 billion, compared to LE 706.10 billion in Sunday's session.

The trading volume reached 89.81 million shares, traded through 16,218 transactions, with a turnover of LE 470.57 million.

Arab investors were net sellers at LE 28.88 million, while Egyptian and foreign investors were net buyers at LE 4.09 million, and LE 24.79 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 23.52 million, LE 30.98 million, and LE 9.12 million, respectively.

Egyptian , Arab and foreign organizations bought at LE 27.61 million, LE 2.1 million and LE 33.9 million, respectively.

Ismailia National Food Industries, Egyptian Gulf Bank and Saudi Egyptian Investment & Finance were top gainers of the session 10 percent, 9.38 percent and 9.16 percent, respectively.

Meanwhile, Delta Construction & Rebuilding, the Arab Ceramic CO.- Ceramica Remas , and Sabaa International Company for Pharmaceutical and Chemical were top losers of the session by 8.53 percent, 7.71 percent, and 6.56 percent, respectively.

EGX ended Thursday’s session in green, as: EGX 30 dropped 0.22 percent, EGX 50 dipped 0.76 percent, EGX 70 declined 0.64 percent, and EGX 100 decreased 0.66 percent.