EGX ends Wednesday in green, Market Capitalization adds LE 4.2B

CAIRO – 6 May 2020: The Egyptian Exchange (EGX) ended Wednesday’s session in green for the second consecutive session, adding LE 4.2 billion to market capitalization, amid foreign buying.

The benchmark EGX 30 hiked 1.04 percent, or 105.64 points, to close at 10,293.95 points.

The equally weighted index EGX 50 rose 1.46 percent, or 22.56 points, to end at 1,569.62 points.

The small and mid-cap index EGX 70 jumped 1.98 percent, or 23.3 points, to close at 1,198.67 points, and the broader index EGX 100 climbed 1.02 percent, or 11.24 points to 1,118.31 points.

Market capitalization gained LE 4.2 billion, recording LE 560.3 billion, compared to LE 556.06 billion in Tuesday’s session.

The trading volume reached 280.92 million shares, traded through 25,769 transactions, with a turnover of LE 1.06 billion.

Foreign investors were buyers at LE 136.04 million, while Egyptian and Arab investors were net sellers at LE 128.77 million, and LE 7.27 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 325.64 million, LE 3.58 million and LE 624,908, respectively.

Arab organizations sold at LE 3.68 million, while Egyptian and foreign organizations bought at LE 196.87 million, and LE 136.67 million, respectively.

Golden Coast Company, El Ahli Investment and Development, and National Real Estate Bank for Development were top gainers of the session at 14.39 percent, 10.74 percent and 9.87 percent, respectively.

Meanwhile, Raya Holding for Financial Investments, Lecico Egypt, and Faisal Islamic Bank of Egypt - In EGP were top losers of the session by 2.53 percent, 2.43 percent, and 2.34 percent, respectively.

On Tuesday, EGX ended the session in green, as: EGX 30 hiked 1.05 percent, EGX 50 rose 1.36 percent, EGX 70 jumped 2.20 percent, and EGX 100 climbed 1.67 percent.