EGX shows mixed performance Wednesday

CAIRO – 24 July 2019: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed performance, losing about LE 432.76 million of market capitalization, amid Arab selling.

The benchmark EGX 30 declined 0.49 percent, or 66.68 point, to close at 13,617.89 points.

The equally weighted index EGX 50 decreased 0.15 percent, or 3.05 points, to close at 2,013.23 points.

On the other hand, the small and mid-cap index EGX 70 rose 0.29 percent, or 1.56 points, to close at 532.84 points, and the broader index EGX 100 hiked 0.16 percent, or 2.22 point, to 1,376.92 points.

Market capitalization lost LE 432.76 million, recording LE 728.05 billion, compared to LE 728.48 billion in Monday’s session.

The trading volume reached 138.86 million shares, traded through 15,844 transactions, with a turnover of LE 575.53 million.

Arab investors were net sellers at LE 80 million, while Egyptian and foreign investors were net buyers at LE 71.37 million, and LE 8.64 million, respectively.

Arab and foreign individuals were net sellers at LE 17.06 million, and LE 2.38 million, respectively, while Egyptian individuals were net buyers at LE 17.09 million.

Egyptian and foreign organizations bought at LE 54.27 million and LE 11.02 million, respectively, while Arab organizations sold at LE 62.95 million.

General Silos & Storage, Asek Company for Mining - Ascom, and Orascom Construction PLCwere top gainers of the session by 9.99 percent, 9.78 percent and 7.41 percent, respectively.

Meanwhile, Sues Canal Company for Technology Settling, Naeem Holding, and El Nasr for Manufacturing Agricultural Crops were top losers of the session by 5.82 percent, 4.02 percent, and 4.01 percent, respectively.

EGX was off on Tuesday on the occasion of the July 23 Revolution's anniversary.