EGX ends Sunday in semi-collective regression

CAIRO – 23 February 2020: The Egyptian Exchange (EGX) ended Sunday’s session in a semi-collective regression, losing around LE 1.5 billion of market capitalization, amid Arab selling.

The benchmark EGX 30 dropped 0.24 percent, or 32.6 points, to close at 13,688.05 points.

The equally weighted index EGX 50 declined 0.16 percent, or 2.98 points, to end at 1,868.16 points, and and the broader index EGX 100 increased 0.20 percent, or 2.77 points to 1,361 points.

On the other hand, the small and mid-cap index EGX 70 inched up 0.01 percent, or 0.08 points, to close at 1,256.16 points.

Market capitalization lost LE 1.51 billion, recording LE 694.13 billion, compared to LE 695.64 billion in Thursday’s session.

The trading volume reached 109.91 million shares, traded through 16,464 transactions, with a turnover of LE 361.1 million.

Arab investors were net sellers at LE 31.34 million, while Egyptian and foreign investors were net buyres at LE 25.49 million, and LE 5.85 million, respectively.

Egyptian individuals were net buyers at LE 30.24 million, while Arab and foreign individuals were net sellers at LE 18.79 million, and LE 857,650, respectively.

Egyptian and Arab organizations sold at LE 4.75 million, and LE 12.55 million, respectively, while foreign organizations bought at LE 6.71 million.

Ismailia National Food Industries, Ismailia Misr Poultry, and El-Nile Co. for Pharmaceuticals and Chemical Industries were top gainers of the session 10 percent, 8.24 percent and 7.83 percent, respectively.

Meanwhile, Middle & West Delta Flour Mills , Lecico Egypt, and Sarwa Capital Holding were top losers of the session by 8.38 percent, 7.45 percent, and 6.49 percent, respectively.

EGX ended Thursday's session in green, as: EGX 30 hiked 0.19 percent, EGX 50 climbed 0.94 percent, EGX 70 jumped 15 percent, and EGX 100 increased 0.44 percent.