EGX adds LE 3.67B to market cap. despite mixed performance

CAIRO – 7 May 2019: The Egyptian Exchange (EGX) ends mid-week session in a semi-collective regression despite adding LE 3.67 billion to market capitalization, amid Arab selling.

The benchmark EGX30 rose 1.30 percent, or 185.32 points, to close at 14,389.91 points.

The equally weighted index EGX50 inched down 0.08 percent, or 1.87 points, to reach 2,202.75 points.

The small and mid-cap index EGX70 lessened 1.20 percent, or 7.68 points, to close at 633.23 points, and the broader index EGX100 decreased 0.91 percent, or 14.74 point, to 1,613.25 points.

Market capitalization gained LE 3.67 billion, recording LE 781.2 billion, compared to LE 777.53 billion in Monday’s session.

The trading volume reached 71.45 million shares, traded through 11,737 transactions, with a turnover of LE 460.59 million.

Arab investors were net sellers at LE 74.68 million, while Egyptian and foreign investors were net buyers at LE 13.5 million, and LE 61.17 million, respectively.

Arab and foreign individuals were net buyers at LE 981,077, and LE 1 million, respectively, while Egyptian individuals were net sellers at LE 9.99 million.

Egyptian and foreign organizations bought at LE 23.5 million, and LE 60.17 million, respectively, while Arab organizations sold at LE 75.66 million.

Mohandes Insurance, Universal For Paper and Packaging Materials (Unipack), and National company for maize products were top gainers of the session by 9.50 percent, 5.14 percent and 4.96 percent, respectively.

Meanwhile, North Cairo Mills, Delta Construction & Rebuilding, and Dice Sport & Casual Wear were top losers of the session by 6.90 percent, 6.44 percent, and 5.78 percent, respectively.

On Monday, EGX ended trading in red zone fir the second session in row, as EGX30 dipped 2.12 percent, EGX50 decreased 2.18 percent, EGX70 lessened 0.61 percent, and EGX100 inched down 0.91 percent.