EGX ends Wednesday in red, market cap. loses LE6.6B

CAIRO – 20 May 2020: The Egyptian Exchange (EGX) entered Wednesday’s session in red, losing LE 6.6 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 1.47 percent, or 151.84 points, to close at 10,205.4 points.

The equally weighted index EGX 50 declined 1.30 percent, or 19.59 points, to end at 1,492.48 points.

The small and mid-cap index EGX 70 decreased 1.04 percent, or 11.88 points, to close at 1,128.76 points, and the broader index EGX 100 lessened 1.33 percent, or 24.72 points to 1,826.59 points.

Market capitalization lost LE 6.6 billion, recording LE 543.74 billion, compared to LE 550.38 billion in Tuesday’s session.

The trading volume reached 204.52 million shares, traded through 20,387 transactions, with a turnover of LE 570.91 million.

Foreign investors were sellers at LE 25.8 million, while Egyptian and Arab investors were net buyers at LE 25.31 million, and LE 487,324, respectively.

Egyptian and foreign individuals were net sellers at LE 42.99 million, and LE 3.15 million, respectively, while Arab individuals were net buyer at LE 166,617.

Foreign organizations sold at LE 22.9659 million, while Egyptian and Arab organizations bought at LE 68.31 million, and LE 320,707, respectively.

Emerald Real Estate Investment, Torah Cement, and Samad Misr -EGYFERT were top gainers of the session at 9.59 percent, 9.42 percent and 9.24 percent, respectively.

Meanwhile, Al Tawfeek Leasing Company-A.T.LEASE, General Company For Land Reclamation,Development & Reconstruction, and Lecico Egypt were top losers of the session by 10 percent, 8.56 percent, and 8.40 percent, respectively.