EGX turns back to red zone, market cap. loses LE 12.23B

CAIRO – 25 July 2018: The Egyptian Exchange (EGX) turned to the red zone on Wednesday after the gains of Tuesday’s session, losing LE 12.23 billion of the market capitalization with trading volume of 232.87 million shares with an amount of LE 620.81 million.

The benchmark EGX30 declined 1.90 percent, or 294.01 points, to close at 15,186.36 points.

The equally weighted index EGX50 slipped 2.46 percent, or 64.63 points, to reach 2,560.35 points.

The small and mid-cap index EGX70 went down 2 percent, or 15.03 points, at 735.46 points, and the broader index EGX100 decreased 1.67 percent, or 32.21 points, closing at 1,897.63 points.

Market capitalization lost LE 12.23 billion, recording LE 859.87 billion, compared to LE 872.1 billion in Tuesday’s session.

The trading volume reached 232.87 million shares, traded through 19,637 transactions, with a turnover of LE 620.81 million.

Egyptians investors were net buyers at LE 12.17 million, while Arab and foreign investors were net sellers at LE 11.07 million and LE 1.1 million, respectively.

Egyptian individuals were net sellers at LE 7.3 million, while Arab and foreign individuals were net buyers at LE 3.88 million and LE 413,945, respectively.

Arab and foreign organizations sold at LE 14.96 million and LE 1.5 million, respectively, while Egyptians organizations bought at LE 19.5 million.

Arab Polvara Spinning & Weaving Co., Mansourah Poultry, and Golden Coast Company were top gainers of the session by 8.25 percent, 3.14 percent and 1.71 percent, respectively.

On the other hand, Lecico Egypt, Memphis Pharmaceuticals, and Egyptian for Tourism Resorts were top losers of the session by 9.84 percent, 8.29 percent and 7.69 percent, respectively.

EGX ended Tuesday’s session in green, as EGX30 rose 1.22 percent, EGX50 increased 0.53 percent, EGX70 hiked 0.15 percent, and EGX100 went up 0.70 percent.