EGX ends Wednesday in red for 2nd session in row

CAIRO – 19 June 2019: The Egyptian Exchange (EGX) recorded a collective regression during Wednesday for the second session in row, losing about LE 3.59 billion of market capitalization, amid Egyptian and Arab selling.

The benchmark EGX 30 declined 0.50 percent, or 70.68 points, to close at 14,132.18 points.

The equally weighted index EGX 50 decreased 0.65 percent, or 13.61 points, to close at 2,090.85 points.

The small and mid-cap index EGX 70 decreased 0.07 percent, or 0.4 points, to close at 603.85 points, and the broader index EGX 100 inched down 0.15 percent, or 2.37 point, to 1,541.76 points.

Market capitalization lost LE 3.59 billion, recording LE 753.34 billion, compared to LE 757.03 billion in Tuesday’s session.

The trading volume reached 87.67 million shares, traded through 14,710 transactions, with a turnover of LE 535.02 million.

Foreign investors were net buyers at LE 8.96 million, while Egyptian and Arab investors were net sellers at LE 7.92 million, and LE 1.04 million, respectively.

Egyptian and foreign individuals were net sellers at LE 13.12 million and LE 25.66 million, respectively, while Arab individuals were buyers at LE 4.26 million.

Egyptian and foreign organizations bought at LE 5.2 million and LE 34.62 million, respectively, while Arab organizations sold at LE 5.3 million.

Gharbia Islamic Housing Development, El Nasr for Manufacturing Agricultural Crops and Nasr Company for Civil Works were top gainers of the session by 7.58 percent, 6.75 percent and 6.54 percent, respectively.

Meanwhile, Arabia Investments Holding, El Ahram Co. for Printing and Packing, and Sinai Cement were top losers of the session by 9.91 percent, 9.60 percent, and 7.77 percent, respectively.

EGX ended Tuesday's session in red, as EGX30 declined 0.27 percent, EGX50 decreased 0.81 percent, EGX70 dropped 0.29 percent, and EGX100 inched down 0.32 percent.