EGX30 exceeds 10K levels amid indices' collective rise

Wed, Apr. 8, 2020
CAIRO – 8 April 2020: The Egyptian Exchange (EGX) continued its uptrend for the third session in row during Wednesday, adding LE 7.5 billion to market capitalization, amid Egyptian purchases.

The benchmark EGX 30 surged 2.59 percent, or 254.95 points, to close at 10,095.57 points.

The equally weighted index EGX 50 jumped 1.76 percent, or 24.59 points, to end at 1,420.49 points.

Moreover, the small and mid-cap index EGX 70 climbed 1.26 percent, or 13.04 points, to close at 1,047.82 points, and the broader index EGX 100 rose 1.15 percent, or 12.17 points to 1,066.57 points.

Market capitalization gained LE 7.5 billion, recording LE 549.13 billion, compared to LE 543.45 billion in Tuesday’s session.

The trading volume reached 367.63 million shares, traded through 32,086 transactions, with a turnover of LE 1.02 billion.

Egyptian investors were buyers at LE 139.56 million, while Arab and foreign investors were net sellers at LE 63.48 million, and LE 76.08 million, respectively.

Egyptian individuals were net buyers at LE 9.12 million, while Arab and foreign individuals were net sellers at LE 3.7 million, and LE 4.2 million, respectively.

Arab and foreign organizations sold at LE 59.76 million, and LE 71.88 million, respectively, while Egyptian organizations bought at LE 130.44 million.

Rowad Tourism (Al Rowad), Remco for Touristic Villages Construction, and Egyptian Financial Group-Hermes Holding Company were top gainers of the session at 9.97 percent, 9.84 percent and 8.96 percent, respectively.

Meanwhile, Egyptian Satellites (NileSat), Alexandria National Company for Financial Investment, and Egyptian Starch & Glucose were top losers of the session by 11.37 percent, 8.82 percent, and 6.55 percent, respectively.

On Tuesday, EGX flagged in green for the second session in row as: EGX 30 surged 4.17 percent, EGX 50 jumped 3.84 percent, EGX 70 climbed 3.25 percent, and EGX 100 rose 2.90 percent.
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