EGX ends Wednesday on mixed note, market cap. loses LE804.8M

CAIRO – 3 April 2019: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, losing LE 804.83 million to the market capitalization, amid Egyptian and Arab selling.

The benchmark EGX30 hiked 0.21 percent, or 31.38 points, to close at 15,197.84 points.

The equally weighted index EGX50 increased 0.05 percent, or 1.13 points, to reach 2,412.94 points.

On the other hand, the small and mid-cap index EGX70 declined 1.42 percent, or 9.76 points, to close at 676.95 points, and the broader index EGX100 dropped 1.16 percent, or 20.35 point, to 1,727.03 points.

Market capitalization lost LE 804.83 million, recording LE 828.89 billion, compared to LE 829.7 billion in Tuesday’s session.

The trading volume reached 134.29 million shares, traded through 20,706 transactions, with a turnover of LE 854.09 million.

Foreign investors were net buyers at LE 61.03 million, while Egyptian and Arab investors were net sellers at LE 60.97 million and LE 61,809, respectively.

Egyptian and foreign individuals were net sellers at LE 19.16 million, and LE 431,192, respectively., while Arab individuals were net buyers at LE 4.54 million.

Egyptian and Arab organizations sold at LE 41.8 million, and LE 4.6 million, respectively, while foreign organizations bought at LE 61.46 million.

AJWA for Food Industries company Egypt, Heliopolis Housing, and Cairo For Investment And Real Estate Development were top gainers of the session by 6.90 percent, 4.68 percent and 3.88 percent, respectively.

Meanwhile, Ezz Steel, Misr Fretilizers Production Company – Mopco, and ARAB Polvara Spinning & Weaving CO. were top losers of the session by 6.38 percent, 3.10 percent, and 3.10 percent, respectively.

EGX ended Tuesday’s session in green, as EGX30 hiked 1.42 percent, EGX50 increased 0.73 percent, and EGX70 inched up 0.33 percent, and EGX100 rose 0.44 percent.