EGX 30 flat as EFG Hermes completes second Valu share sale
The EGX 30 closed at 51,962.4 on April 22, down a marginal 0.0287%. EFG Hermes completed advisory work on a second Valu share sale through an accelerated bookbuild, according to ZAWYA, with no further deal size disclosed in the headline. In industry, Abu Qir Fertilizers, AlexFert, Orascom Construction, UEG and Valmore signed an MoU for a 500 MW green hydrogen hub in Alexandria, according to SolarQuarter. April 22 filings also included 5 bond coupon notices, 2 AGM or OGM-related releases, 1 regulatory response from Heliopolis Housing and 1 annual result from National Printing.
مقالات ذات صلة
EGX 30 falls 1.55% as Telecom Egypt deal and infrastructure contracts drive flow
The EGX 30 closed down 1.55% at 51,769.7 points on June 23, with newsflow centered on telecoms, infrastructure and healthcare. Telecom Egypt saw the state complete the sale of a 10% stake, while ADCB Egypt partnered with EFG Hermes to launch its 1st money market fund, according to Ahram Online and ZAWYA. In stocks, Korra Energi jumped 19.20% on its June 11 debut, Cleopatra Hospital posted 22% year-on-year consolidated revenue growth in Q1 2026 and standalone profit of EGP 132.8 million, according to ZAWYA and TradingView. On projects, Orascom Construction announced 2 deals tied to Cairo Metro Line 4 and the high-speed train, while Elsewedy Electric's Rowad Modern Engineering joined an Alstom consortium for Egypt rail projects, Ahram Online and ZAWYA reported. TMG also signed a strategic partnership with Saudi PIF, secured a licence for an $18.8 billion Iraq development and saw the EGX plan a futures launch on its shares, according to Asharq Al-Awsat, Daily News Egypt and AD HOC NEWS.
Novida for Investment and Technology (AMPI.CA) - Decisions of the BoD Meeting (SMEs Market)
Alexandria Containers and goods (ALCN.CA) - Decisions of the BoD Meeting