EGX ends Wednesday in green, market cap. gains LE 1.5B

CAIRO – 19 February 2020: The Egyptian Exchange (EGX) ended Wednesday session in green, adding around LE 1.5 billion to market capitalization, amid Egyptian selling.

The benchmark EGX 30 rose 0.43 percent, or 58.06 points, to close at 13,694.99 points.

The equally weighted index EGX 50 hiked 0.41 percent, or 7.56 points, to end at 1,853.73 points.

Moreover, the small and mid-cap index EGX 70 climbed 0.29 percent, or 3.62 points, to close at 1,241.08 points while the broader index EGX 100 stabilized at levels of 1,358.69 points.

Market capitalization gained LE 1.5 billion, recording LE 693.86 billion, compared to LE 692.36 billion in Tuesday’s session.

The trading volume reached 149.29 million shares, traded through 16,424 transactions, with a turnover of LE 678.6 million.

Egyptian investors were net buyers at LE 82.18 million, while Arab and foreign investors were net sellers at LE 61.74 million , and LE 20.44 million, respectively.

Egyptian and Arab individuals were net buyers at LE 15.55 million, and LE 15.47 million, respectively, while foreign individuals were net sellers at LE 562,528.

Arab and foreign organizations sold at LE 77.22 million, and LE 19.87 million, respectively, while Egyptian organizations bought at LE 66.63 million.

Ismailia National Food Industries, Amer Group Holding, and Arab Aluminum were top gainers of the session 9.08 percent, 5.86 percent and 5.61 percent, respectively.

Meanwhile, Sues Canal Company For Technology Settling, Samad Misr -EGYFERT and Gulf Canadian Real Estate Investment Co. were top losers of the session by 9.89 percent, 4.69 percent, and 3.70 percent, respectively.

EGX ended Tuesday’s session in red, as EGX declined 1.18 percent, EGX 50 dipped 1.60 percent, or 29.94 points, EGX 70 dropped 1.49 percent, and EGX 100 decreased 1.15 percent.