EGX adds LE7.8B to market cap. Tuesday amid mixed performance

The Egyptian Exchange (EGX) ended Tuesday’s session in a mixed performance, adding around LE 7.98 billion of the market capitalization, amid Egyptian and foreign selling.

The benchmark EGX30 increased 1.59 percent, or 257.04 points, to end at 16,440.53 points.

The equally weighted index EGX 50 rose 0.39 percent, or 11.01 points, to end at 2,865.48 points, and the broader index EGX 100 inched up 0.08 percent, or 3.78 points, at 4,457.84 points.

On the other hand, the small and mid-cap index EGX 70 inched down 0.05 percent, or 1.61 points, to close at 2,982.03 points.

Market capitalization gained around LE 7.98 billion, recording LE 1.063 trillion, compared to LE 1.055 trillion in Monday’s session.

The trading volume reached 465.17 million shares, traded through 65,457 transactions, with a turnover of LE 2.3 billion.

Arab investors were net buyers at LE 167.08 million, while Egyptian and foreign investors were net sellers at LE 131.33 million, and LE 35.75 million, respectively.

Arab and foreign individuals were net buyers at LE 19.85 million, and 572,458, respectively, while Egyptian individuals were net sellers at LE 150.88 million.

Egyptian and Arab organizations bought at LE 19.55 million, and LE 147.24 million, respectively, while foreign organizations sold at LE 36.32 million.

Ismailia National Food Industries, Asek Company for Mining – Ascom, and Alexandria Spinning & Weaving (SPINALEX) were top gainers of the session at 11.59 percent, 8.72 percent and 7 percent, respectively.

Meanwhile, Tanmiya for Real Estate Investment, Nasr Company for Civil Works, and Egyptian Transport (EGYTRANS) were top losers of the session by 6.61 percent, 6.39 percent, and 3.01 percent, respectively.

Source: Egypt Today Magazine