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 records collective regression on Sunday amid Arab, foreign selling

Sun, Apr. 5, 2020
CAIRO – 5 April 2020: The Egyptian Exchange (EGX) started the week in red, losing LE 7.44 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 dipped 1.93 percent, or 182.5 points, to close at 9,272.88 points.

The equally weighted index EGX 50 dropped 1.55 percent, or 20.82 points, to end at 1,320.53 points.

Moreover, the small and mid-cap index EGX 70 lessened 0.97 percent, or 9.65 points, to close at 986.21 points, and the broader index EGX 100 declined 1.14 percent, or 11.67 points to 1,024.34 points.

Market capitalization lost LE 7.44 billion, recording LE 520.97 billion, compared to LE 528.4 billion in Thursday’s session.

The trading volume reached 145.14 million shares, traded through 17,599 transactions, with a turnover of LE 365.43 million.

Egyptian investors were buyers at LE 95.54 million, while Arab and foreign investors were net sellers at LE 10.17 million, and LE 85.37 million, respectively.

Arab and foreign individuals were net sellers at LE 591,664, and LE 258,317 respectively, while foreign individuals were net buyers at LE 28.35 million.

Arab and foreign organizations sold at LE 9.58 million, and LE 85.12 million, respectively, while Egyptian organizations bought at LE 67.19 million.

Lecico Egypt, Edita Food Industries S.A.E, and B Investments Holding were top gainers of the session at 9.95 percent, 7.78 percent and 7.14 percent, respectively.

Meanwhile, Telecom Egypt, Memphis Pharmaceuticals, and National Real Estate Bank for Development were top losers of the session by 9.92 percent, 9 percent, and 8.15 percent, respectively.

On Wednesday, EGX ended the session in green as: EGX 30 hiked 0.32 percent, EGX 50 rose 0.91 percent, EGX 70 climbed 0.97 percent, and EGX 100 jumped 0.63 percent.
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