EGX ends Tuesday on mixed note, market cap. loses LE 2.6B

CAIRO – 13 February 2018: The Egyptian Exchange ended Tuesday on a mixed note and market capitalization lost LE 2.6 billion amid Arab and foreign selling.

The benchmark EGX30 decreased 1.08 percent, or 160.96 points, to end at 14,729.75 points.

The small and mid-cap index EGX70 slipped 0.61 percent, or 5.19 points, to close at 843.82 points, and the equally weighted index, EGX50, edged down 21.01 points, or 0.80 percent, closing at 2621.63 points.

The broader index EGX100 leveled up 0.04 percent, or 0.87 points, to reach 2027.62 points.

Market capitalization lost LE 2.6 billion, recording LE 849.4 billion ($49.96 million), compared to LE 852 billion in Monday’s session.

Arab and foreign investors were net sellers at LE 29.99 million and LE 14.16 million, respectively, while Egyptian investors were net buyers by LE 44.15 million.

Arab and foreign individuals were net sellers at LE 27.72 million and LE 1.04 million, respectively, while Egyptian individuals were net buyers at LE 38.2 million.

Arab and foreign organizations sold by LE 2.26 million and LE 15.2 million, respectively, while Egyptian organizations bought by LE 5.95 million.

Trans Oceans Tours (TRTO), International Agricultural Products (IFAP) and Egypt for Poultry (EPCO) were the top gainers of the session by 14.29 percent, 9.87 percent and 7.93 percent, respectively.

While Orange Egypt for Telecommunications (OREG), Egyptian Arabian Themar Securities Brokerage (EASB) and Upper Egypt Flour Mills (UEFM) were the top losers of the session by 6.77 percent, 5.56 percent and 4.82 percent, respectively.

The Egyptian Exchange (EGX) ended Monday in green and market Capitalization won LE 3.94 billion, amid Egyptian and Arab buying. The benchmark EGX30 rose 0.42 percent, or 62.35 points, to end at 14,890.71 points.