EGX shows mixed performance Tuesday

CAIRO – 4 February 2020: The Egyptian Exchange (EGX) ended Tuesday’s session on mixed note, losing LE 2.4 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX 30 rose 0.26 percent, or 36.72 points, to close at 13,915.05 points.

The equally weighted index EGX 50 hiked 0.19 percent, or 3.67 points, to end at 1,916.13 points.

On the other hand, the small and mid-cap index EGX 70 declined 0.14 percent, or 1.79 points, to close at 1,263.7 points, and the broader index EGX 100 decreased 0.27 percent, or 3.72 points to 1,383.57 points.

Market capitalization lost LE 2.4 billion, recording LE 701.65 billion, compared to LE 704.08 billion in Monday’s session.

The trading volume reached 133.8 million shares, traded through 18,562 transactions, with a turnover of LE 631.83 million.

Egyptian investors were net buyers at LE 23.97 million, while Arab and foreign investors were net sellers at LE 8.58 million, and LE 15.38 million, respectively.

Egyptian and foreign individuals were net buyers at LE 27.03 million, and LE 1.03 million, respectively, while Arab individuals were net sellers at LE 11.04 million.

Egyptian and foreign organizations sold at LE 3.06 million, and LE 16.4 million, respectively, while Arab individuals bought at LE 2.46 million.

Ismailia National Food Industries, Ismailia Misr Poultry and Raya Contact Center were top gainers of the session 9.95 percent, 6.07 percent and 6.01 percent, respectively.

Meanwhile, Gulf Canadian Real Estate Investment Co., Sabaa International Company for Pharmaceutical and Chemical, and Marsa Marsa Alam For Tourism Development were top losers of the session by 7.98 percent, 7.97 percent, and 7.05 percent, respectively.

EGX ended Monday’s session in red, as: EGX 30 dropped 0.08 percent, EGX 50 dipped 0.46 percent, EGX 70 declined 0.30 percent, and EGX 100 decreased 0.16 percent.