EGX ends Wednesday on mixed note, market cap. loses LE 3.6B

CAIRO – 3 October 2018: The Egyptian Exchange (EGX) ended Wednesday on mixed note, and market capitalization lost LE 3.6 billion, amid Egyptian selling.

The benchmark EGX30 declined 0.48 percent, or 68.38 points, to close at 14,313.17 points.

On the other hand, the equally weighted index EGX50 rose 0.16 percent, or 3.63 point to reach 2,240.02 points.

The small and mid-cap index EGX70 hiked 0.56 percent, or 3.90 points, reaching 703.23 points, and the broader index EGX100 inched up 0.21 percent, or 3.75 points, closing at 1,783.17 points.

Market capitalization lost LE 3.6 billion, recording LE 792.21 billion, compared to LE 795.84 billion in Tuesday’s session.

The trading volume reached 206.77 million shares, traded through 22,804 transactions, with a turnover of LE 779.28 million.

El Arabia Engineering Industries, El Nasr for Manufacturing Agricultural Crops, and Cleopatra Hospital Company were top gainers of the session by 9.91 percent, 9.77 percent and 8.29 percent, respectively.

On the other hand, Al Tawfeek Leasing Company-A.T.LEASE, Egypt for Poultry, and Heliopolis Housing were top losers of the session by 6.29 percent, 5.17 percent, and 2.88 percent, respectively.

Egyptian investors were net sellers at LE 71.91 million, while Arab and foreign investors were net buyers at LE 66.89 million and LE 5.02 million, respectively.

Arab individuals were net buyers at LE 30.07 million, while Egyptian and foreign individuals were net sellers at LE 78.84 million, and LE 5.31 million, respectively.

Egyptian, Arab and foreign organizations bought at LE 6.9 million, LE 36.82 million and LE 10.33 million, respectively.

EGX ended Tuesday’s session on mixed performance, as EGX30 decreased 0.45 percent, EGX50 dropped 0.05 points, while EGX70 increased 0.25 and EGX100 went up 0.09 percent.