EGX- Reuters EGX- Reuters

EGX continues its mixed performance amid foreign selling Wednesday

Wed, Jun. 12, 2019
CAIRO – 12 June 2019: The Egyptian Exchange (EGX) continues its mixed performance for the second consecutive session during Wednesday, losing LE 2.17 billion of market capitalization, amid foreign selling.

The benchmark EGX 30 dipped 0.34 percent, or 48.07 points, to close at 14,158.11 points.

The equally weighted index EGX 50 decreased 0.59 percent, or 12.52 points, to reach 2,118.76 points.

On the other hand, the small and mid-cap index EGX 70 climbed 0.12 percent, or 0.71 points, to close at 606.42 points, and the broader index EGX 100 inched up 0.05 percent, or 0.84 point, to 1,547.75 points.

Market capitalization lost LE 2.17 billion, recording LE 759.89 billion, compared to LE 762.07 billion in Tuesday’s session.

The trading volume reached 135.45 million shares, traded through 17,258 transactions, with a turnover of LE 680.03 million.

Foreign investors were net sellers at LE 52.11 million, while Egyptian and Arab investors were net buyers at LE 48.41 million, and LE 3.7 million, respectively.

Foreign individuals were net sellers at 1.38 million, while Egyptian and Arab individuals were net buyers at LE 43.74 million, and LE 3.71 million, respectively.

Arab and foreign organizations sold at LE 9,391, and LE 50.73 million, respectively, while Egyptian organizations bought at LE 4.67 million.

Misr National Steel - Ataqa, El Ahram Co. for Printing and Packing, and El Nasr for Manufacturing Agricultural Crops were top gainers of the session by 9.27 percent, 7.29 percent and 4.79 percent, respectively.

Meanwhile, National Housing for Professional Syndicates, General Company for Land Reclamation, Development & Reconstruction, and El Shams Housing & Urbanization were top losers of the session by 9.90 percent, 9.30 percent, and 7.45 percent, respectively.

EGX ended mid-week session on mixed note, as EGX30 rose 0.40 percent, EGX70 increased 0.16 percent, and EGX100 hiked 0.15 percent, while EGX50 inched down 0.33 percent.
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