EGX shows mixed performance Wednesday

CAIRO – 20 March 2019: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, and market capitalization gained around LE 275.05 million, amid foreign selling.

The benchmark EGX30 hiked 0.54 percent, or 78.87 points, to close at 14,724.4 points, and the broader index EGX100 rose 0.02 percent, or 0.3 point, to 1,736.33 points.

On the other hand, the equally weighted index EGX50 decreased 0.14 percent, or 3.31 points, to reach 2,392.21 points, and the small and mid-cap index EGX70 dipped 0.02 percent, or 0.15 points, to close at 684.2 points.

Market capitalization gained LE 275.05 million, recording LE 818.31 billion, compared to LE 818.03 billion in Tuesday’s session.

The trading volume reached 134.37 million shares, traded through 17,956 transactions, with a turnover of LE 717.87 million.

Foreign investors were net sellers at LE 20.2 million, while Egyptian and Arab investors were net buyers at LE 12.85 million and LE 7.35 million, respectively.

Egyptian and Arab individuals were net buyers at LE 36.34 million, and LE 1.84 million, respectively, while foreign individuals were net sellers at LE 9.4 million.

Egyptian and foreign organizations sold at LE 23.49 million and LE 10.79 million, respectively, while Arab organizations bought at LE 5.5 million.

Upper Egypt Flour Mills, MM Group for Industry and International Trade, and Sabaa International Company for Pharmaceutical and Chemical were top gainers of the session by 3.74 percent, 3.54 percent and 2.94 percent, respectively.

Meanwhile, El Arabia Engineering Industries, Arab Pharmaceuticals, and ARAB POLVARA SPINNING & WEAVING CO. were top losers of the session by 5.85 percent, 4.18 percent, and 4.12 percent, respectively.

EGX ended Tuesday’s session in red, as EGX30 declined 1.78 percent, EGX50 decreased 1.73 percent, EGX70 inched down 1.56 percent, and EGX100 dipped 1.59 percent.