EGX continues red trading during Thursday

CAIRO – 27 February 2020: The Egyptian Exchange (EGX) continued its downtrend during last session of the week, losing around LE 7.9 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 dropped 1.45 percent, or 191.72 points, to close at 13,008.94 points.

The equally weighted index EGX 50 dipped 1.58 percent, or 28.41 points, to end at 1,772.22 points.

Moreover, the small and mid-cap index EGX 70 lessened 1.14 percent, or 13.97 points, to close at 1,209.27 points and the broader index EGX 100 decreased 1.22 percent, or 6.22 points to 1,311.08 points.

Market capitalization lost LE 7.9 billion, recording LE 666.97 billion, compared to LE 674.88 billion in Wednesday’s session.

The trading volume reached 275.13 million shares, traded through 25,661 transactions, with a turnover of LE 1.17 billion.

Foreign investors were net sellers at LE 83.97 million, while Egyptian and Arab investors were net buyers at LE 67.88 million, and LE 16.09 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 32.08 million, LE 32.4 million, and LE 1.68 million, respectively.

Arab and foreign organizations sold at LE 16.31 million, and LE 85.66 million, respectively, while Egyptian organizations bought at LE 35.8 million.

Alexandria Flour Mills, Sharm Dreams Co. for Tourism Investment, and Sinai Cement were top gainers of the session 6.77 percent, 6.58 percent and 5.90 percent, respectively.

Meanwhile, Egyptians Real Estate Fund Certificates, Acrow Misr, and GB AUTO were top losers of the session by 9.95 percent, 9.27 percent, and 8.03 percent, respectively.