EGX 30 slips 0.48% as Valu closes EGP 945.8 mln securitized bond

The EGX 30 fell 0.48% to 53,298.1 on October 6, with corporate news flow 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 also stayed in focus after Ahmed Elsewedy's wealth increased by $174 million in Q3, according to billionaires.africa, while Egyptian Resorts highlighted the development of Sahl Hasheesh on October 1, according to AD HOC NEWS.