EGX ends Wednesday in red, market cap. loses LE9B

BY

-

Wed, 13 May 2020 - 12:59 GMT

BY

Wed, 13 May 2020 - 12:59 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 13 May 2020: The Egyptian Exchange (EGX) ended Wednesday’s session in red, losing LE 9.01 billion of market capitalization, amid Egyptian and foreign purchases.

The benchmark EGX30 dipped 1.81 percent, or 192.08 points, to close at 10,396.28 points.

The equally weighted index EGX 50 dropped 2.13 percent, or 33.06 points, to end at 1,516.98 points.

The small and mid-cap index EGX 70 decreased 2.18 percent, or 24.8 points, to close at 1,113.66 points, and the broader index EGX 100 lessened 2.11 percent, or 39.42 points to 1,829.84 points.

Market capitalization lost LE 9.01 billion, recording LE 548.69 billion, compared to LE 557.78 billion in Tuesday’s session.

The trading volume reached 632.61 million shares, traded through 29,308 transactions, with a turnover of LE 1.85 billion.

Arab investors were buyers at LE 779.35 million, while Egyptian and foreign investors were net sellers at LE 754.96 million, and LE 24.39 million, respectively.

Arab and foreign individuals were net sellers at LE 17.1 million, and LE 770,091, respectively, while Egyptian individuals were net buyers at LE 66.55 million.

Arab organizations bought at LE 796.45 million, while Egyptian and foreign organizations sold at LE 821.51 million, and LE 23.62 million, respectively.

Northern Upper Egypt Development & Agricultural Production, Ismailia Development and Real Estate Co, and Emerald Real Estate Investment were top gainers of the session at 9.80 percent, 9.46 percent and 8.97 percent, respectively.

Meanwhile, Misr Hotels, Sinai Cement, and Alexandria Spinning & Weaving (SPINALEX) were top losers of the session by 9.95 percent, 9.79 percent, and 9.70 percent, respectively.

On Tuesday, EGX ended the session in green, as: EGX30 rose 2.84 percent, EGX 50 hiked 3.37 percent, EGX 70 increased 3.08 percent, and EGX 100 jumped 3.34 percent.

Comments

0

Leave a Comment

Be Social