EGX ends Wednesday in red, market cap. loses LE 10.6B



Wed, 30 May 2018 - 12:32 GMT


Wed, 30 May 2018 - 12:32 GMT

File - EGX

File - EGX

CAIRO – 30 May 2018: The Egyptian Exchange (EGX) ended Wednesday in red, and market capitalization lost LE 10.6 billion ($592.45 million) amid Arab selling.

The benchmark EGX30 declined 1.44 percent, or 245.62 points, to close at 16,760.24 points.

The equally weighted index EGX50 slipped 1.62 percent, or 47.33 points, to reach 2,865.95 points.

Meanwhile, the small- and mid-cap index EGX70 decreased 0.61 percent, or 5.24 points, closing at 847.42 points, and the broader index EGX100 went down 1.12 percent, or 24.44 points, to close at 2,159.33 points.

Market capitalization lost LE 10.6 billion, recording LE 943.57 billion, compared to LE 954.21 billion in Tuesday’s session.

The trading volume reached 172.04 million shares, traded through 19,572 transactions, with a turnover of LE 968.65 million.

Arab investors were net sellers at LE 57.22 million, while Egyptian and foreign investors were net buyers at LE 27.54 million and LE 29.67 million, respectively.

Egyptian and foreign individuals bought at LE 103.93 million and LE 2.01 million, respectively, while Arab individuals sold at LE 19.07 million.

Egyptian and Arab organizations were net sellers at LE 76.39 million and LE 38.14 million, respectively, while foreign organizations were net buyers at LE 27.66 million.

Modern Company for Waterproofing (Bitumode), El Arabia Engineering Industries, and Alexandria Pharmaceuticals were top gainers of the session by 8.70 percent, 7.04 percent and 5.31 percent, respectively.

On the other hand, Dice Sport & Casual Wear, South Cairo & Giza Mills & Bakeries, and Egyptian Satellites (NileSat) were top losers of the session by 9.80 percent, 9.40 percent and 8.45 percent, respectively.

The EGX ended Tuesday’s session on a mixed performance, as the EGX30 edged up 2.15 percent, EGX50 climbed 0.83 percent, and EGX100 went up 0.27 percent, while EGX70 decreased 0.06 percent.

Trading on the EGX during the holy month of Ramadan is from 10 a.m. to 1:30 p.m. (CLT).



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