EGX ends Wednesday in red, market cap. loses LE15.9B

CAIRO – 9 May 2018: The Egyptian Exchange (EGX) ended Wednesday’s session in red and market capitalization lost LE 15.9 billion ($896.01 million) amid Egyptian and foreign selling.

The benchmark EGX30 declined 1.99 percent, or 354.15 points, to close at 17,460.30 points.

The equally weighted index EGX50 lost 2.16 percent, or 65.37 points, to reach 2,960.05 points.

The small- and mid-cap index EGX70 slipped 1.40 percent, or 12.22 points, closing at 861.64 points, and the broader index EGX100 went down 1.99 percent, or 45.11 points, to close at 2,225.04 points.

Market capitalization lost LE 15.9 billion, recording LE 975.06 billion, compared to LE 990.97 billion in Tuesday’s session.

The trading volume reached 294.99 million shares, traded through 34,281 transactions, with a turnover of LE 1.87 billion.

Arab investors were net buyers at LE 71.9 million, while Egyptian and foreign investors were net sellers at LE 51.27 million and LE 20.6 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 307.1 million, LE 28.05 and LE 3.75 million, respectively.

Egyptian and Arab organizations bought at LE 255.8 and LE 99.98 million, respectively, while Arab organizations sold at LE 16.9 million.

Misr Hotels, El Nasr for Manufacturing Agricultural Crops, and Middle & West Delta Flour Mills were top gainers of the session by 8.54 percent, 8.27 percent and 7.20 percent, respectively.

Misr National Steel - Ataqa, GB AUTO, and Dice Sport & Casual Wear were top losers of the session by 8.21 percent, 7.91 percent and 7.85 percent, respectively.

EGX ended Tuesday’s session in green, as EGX30 increased 1.66 percent, EGX50 rose 1.32 percent, EGX70 climbed 0.35 percent and EGX100 went up 0.41 percent.