EGX shows mixed performance Tuesday, market cap. loses LE 2.7B

CAIRO – 9 June 2020: The Egyptian Exchange (EGX) ended mid-week session on mixed note, losing LE 2.7 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dipped 0.75 percent, or 83.49 points, to close at 11,063.04 points.

The equally weighted index EGX 50 declined 0.57 percent, or 9.35 points, to end at 1,642.4 points.

On the other hand, the small and mid-cap index EGX 70 increased 0.73 percent, or 9.24 points, to close at 1,277.42 points, and the broader index EGX 100 climbed 0.18 percent, or 3.75 points to 2,041.76 points.

Market capitalization lost LE 2.7 billion, recording LE 583.05 billion, compared to LE 585.47 billion in Monday’s session.

The trading volume reached 491.19 million shares, traded through 41,661 transactions, with a turnover of LE 1.18 billion.

Egyptians investors were net buyers at LE 66.6 million, while Arab and foreign investors were net sellers at LE 15.06 million, and LE 51.55 million, respectively.

Egyptian and foreign individuals were net buyers at LE 47.72 million, and LE 2.11 million, respectively, while Arab individuals were net sellers at LE 10.8 million.

Egyptian organizations bought at LE 18.88 million, while Arab and foreign organizations sold at LE 4.26 million, and LE 18.88 million, respectively.

Memphis Pharmaceuticals, Glaxo Smith Kline, and Arab Valves Company were top gainers of the session at 11.75 percent, 9.48 percent and 9.23 percent, respectively.

Meanwhile, Housing & Development Bank, Egyptian for Tourism Resorts, and Dice Sport & Casual Wear were top losers of the session by 6.98 percent, 5.28 percent, and 4.65 percent, respectively.

EGX ended Monday in green, as: EGX30 rose 0.34 percent, EGX 50 jumped 0.20 percent, EGX 70 increased 0.73 percent, and EGX 100 climbed 0.59 percent.