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 ends Wednesday in red, market cap. loses LE6.2B

Wed, Feb. 12, 2020
CAIRO – 12 February 2020: The Egyptian Exchange (EGX) ended Wednesday’s session in red, losing around LE 6.2 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 declined 1.17 percent, or 164.16 points, to close at 13,845.16 points.

The equally weighted index EGX 50 dropped 1.27 percent, or 24.44 points, to end at 1,897.4 points.

Moreover, the small and mid-cap index EGX 70 lessened 0.94 percent, or 11.97 points, to close at 1,257.42 points and the broader index EGX 100 decreased 0.79 percent, or 10.95 points to 1,380.41 points.

Market capitalization lost LE 6.2 billion, recording LE 700.18 billion, compared to LE 706.38 billion in Tuesday’s session.

The trading volume reached 99.21 million shares, traded through 17,658 transactions, with a turnover of LE 427.17 million.

Egyptian investors were net buyers at LE 26.71 million, while Arab and foreign investors were net sellers at LE 15.45 million, and LE 11.25 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 31.75 million, LE 5.51 million, and LE 1.75 million, respectively.

Egyptian, Arab and foreign organizations sold at LE 5.04 million, LE 20.96 million, and LE 13 million, respectively.

Zahraa Maadi Investment & Development, Raya Holding for Financial Investments, and Modern Company for water proofing (Bitumode) were top gainers of the session 10.13 percent, 6.17 percent and 5.56 percent, respectively.

Meanwhile, Egypt for Poultry, Sidi Kerir Petrochemicals, and Wadi Kom Ombo Land Reclamation were top losers of the session by 5.87 percent, 5.31 percent, and 5.31 percent, respectively.

EGX ended Tuesday’s session in semi-collective rise, as: EGX 30 rose 0.21 percent, EGX 50 hiked 0.25 percent, EGX 70 climbed 0.10 percent, while EGX 100 decreased 0.17 percent.
 
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