EGX stays in red zone for 2nd session in row, market cap. loses LE3.8B

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Thu, 14 May 2020 - 02:03 GMT

BY

Thu, 14 May 2020 - 02:03 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 14 May 2020: The Egyptian Exchange (EGX) stayed in red during Thursday for the second session in row, losing LE 3.8 billion of market capitalization, amid Arab and foreign organizations selling.

The benchmark EGX30 dipped 1.05 percent, or 109.07 points, to close at 10,287.21 points.

The equally weighted index EGX 50 dropped 1.23 percent, or 18.7 points, to end at 1,498.28 points.

The small and mid-cap index EGX 70 decreased 0.13 percent, or 1.48 points, to close at 1,112.18 points, and the broader index EGX 100 lessened 0.58 percent, or 10.68 points to 1,819.16 points.

Market capitalization lost LE 3.8 billion, recording LE 544.88 billion, compared to LE 548.69 billion in Wednesday’s session.

The trading volume reached 223.97 million shares, traded through 25,089 transactions, with a turnover of LE 856.49 million.

Egyptian investors were buyers at LE 106.47 million, while Arab and foreign investors were net sellers at LE 7.49 million, and LE 98.97 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 60.1 million, LE 4.13 million and LE 1.22 million, respectively.

Egyptian organizations bought at LE 46.36 million, while Arab and foreign organizations sold at LE 11.63 million, and LE 100.19 million, respectively.

South Cairo & Giza Mills & Bakeries, Ismailia Development and Real Estate Co, and Emerald Real Estate Investment were top gainers of the session at 9.91 percent, 9.90 percent and 9.81 percent, respectively.

Meanwhile, Alexandria Spinning & Weaving (SPINALEX), Sinai Cement, and Raya Contact Center were top losers of the session by 9.56 percent, 9.38 percent, and 8 percent, respectively.

On Wednesday, EGX ended the session in red, as: EGX30 dipped 1.81 percent, EGX 50 dropped 2.13 percent, EGX 70 decreased 2.18 percent, and EGX 100 lessened 2.11 percent.

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