EGX loses LE6.6B of market cap. with turnover of LE4.4B

CAIRO – 18 February 2020: The Egyptian Exchange (EGX) ended mid-week session in red, losing around LE 6.6 billion of market capitalization, after recording a turnover of LE 4.4 billion amid Arab and foreign selling.

The benchmark EGX 30 declined 1.18 percent, or 163.32 points, to close at 13,636.93 points.

The equally weighted index EGX 50 dipped 1.60 percent, or 29.94 points, to end at 1,846.17 points.

Moreover, the small and mid-cap index EGX 70 dropped 1.49 percent, or 18.74 points, to close at 1,237.46 points and the broader index EGX 100 decreased 1.15 percent, or 15.83 points to 1,358.65 points.

Market capitalization lost LE 6.6 billion, recording LE 692.36 billion, compared to LE 698.97 billion in Monday’s session.

The trading volume reached 607.25 million shares, traded through 20,636 transactions, with a turnover of LE 4.42 billion.

Egyptian investors were net buyers at LE 380.85 million, while Arab and foreign investors were net sellers at LE 54.63 million , and LE 326.22 million, respectively.

Egyptian and foreign individuals were net buyers at LE 422.79 million, and LE 663,809, respectively, while Arab individuals were net sellers at LE 9.5 million.

Egyptian, Arab and foreign organizations sold at LE 41.94 million, LE 45.12 million and LE 326.88 million, respectively.

El-Nile Co. for Pharmaceuticals and Chemical Industries, Ismailia National Food Industries, and Sarwa Capital Holding were top gainers of the session 9.98 percent, 5.08 percent and 5.06 percent, respectively.

Meanwhile, Egyptians Housing Development & Reconstruction, Rowad Tourism (Al Rowad), and Heliopolis Housing were top losers of the session by 8.39 percent, 6.80 percent, and 5.86 percent, respectively.