EGX enters green zone Tuesday, market cap. gains LE 4.8B

CAIRO – 5 May 2020: The Egyptian Exchange (EGX) enters green zone during Tuesday after two red-flagged sessions, adding LE 4.8 billion to market capitalization, amid Arab and foreign buying.

The benchmark EGX 30 hiked 1.05 percent, or 106.35 points, to close at 10,188.31 points.

The equally weighted index EGX 50 rose 1.36 percent, or 20.69 points, to end at 1,547.06 points.

The small and mid-cap index EGX 70 jumped 2.20 percent, or 25.26 points, to close at 1,175.37 points, and the broader index EGX 100 climbed 1.67 percent, or 18.14 points to 1,107.07 points.

Market capitalization gained LE 4.8 billion, recording LE 556.06 billion, compared to LE 551.21 billion in Monday’s session.

The trading volume reached 247.76 million shares, traded through 27,493 transactions, with a turnover of LE 688.55 million.

Egyptian investors were sellers at LE 28.35 million, while Arab and foreign investors were net buyers at LE 4. 65 million, and LE 23.69 million, respectively.

Egyptian and foreign individuals were net buyers at LE 14.667 million, and LE 2.65 million, respectively, while Arab individuals were net sellers at LE 1.4 million.

Egyptian organizations sold at LE 43 million, while Arab and foreign organizations bought at LE 6.09 million, and LE 21.04 million, respectively.

Memphis Pharmaceuticals, Glaxo Smith Kline, and National Real Estate Bank for Development were top gainers of the session at 9.93 percent, 9.70 percent and 9.43 percent, respectively.

Meanwhile, Dice Sport & Casual Wear, Misr Hotels, and Misr National Steel – Ataqa were top losers of the session by 6.77 percent, 6.12 percent, and 5 percent, respectively.

On Monday, EGX ended the session in red, as: EGX 30 declined 1.16 percent, EGX 50 dipped 2.26 percent, EGX 70 dropped 2.53 percent, and EGX 100 lessened 1.12 percent.