EGX 30 slips 0.66% as Valu prices EGP 945.8 mln securitized bond

The EGX 30 fell 0.66% to 53,553.4 on October 5, with corporate news driving the session's backdrop. Valu closed its 23rd securitized bond issuance worth EGP 945.8 million on October 1, according to الاقتصادي نيوز. Juhayna Food Industries rose 2.87% on October 4, while Abu Qir Fertilizers and Chemical Industries reported H1 profit growth, according to AD HOC NEWS and ad-hoc-news.de. Elsewedy Electric added to the corporate narrative after Ahmed Elsewedy's wealth increased by $174 million in Q3, according to billionaires.africa, while Egyptian Resorts highlighted development at Sahl Hasheesh, according to AD HOC NEWS.