EGX ends Wednesday on mixed note, market cap. Loses LE1.8B

CAIRO - 6 November 2019: The Egyptian Exchange (EGX) ended Wednesday's session on mixed note, losing LE 1.8 billion of market capitalization, amid Egyptian and foreign selling.

The benchmark EGX 30 dropped 0.54 percent, or 79.82 point, to close at 14,709.79 points.

The equally weighted index EGX 50 decreased 0.27 percent, or 5.65 points, to end at 2,111.63 points.


On the other hand, the small and mid-cap index EGX 70 jumped 0.20 percent, or 1.09 points, to close at 544.82 points, and the broader index EGX 100 inched up 0.01 percent, or 0.17 points, to 1,452.61 points.


Market capitalization lost LE 1.8 billion, recording LE 733.15 billion, compared to LE 734.96 billion in Tuesday’s session.


The trading volume reached 135.6 million shares, traded through 22,557 transactions, with a turnover of LE 701.96 million.

Arab investors were net buyers at LE 18.45 million, while Egyptian and foreign investors were net sellers at LE15.71 million, and LE 2.73 million, respectively.

Egyptian and Arab individuals were net buyersat LE 31.04 million, and LE 13.21 million, respectively, while foreignindividuals were net sellers at LE 34.07 million.

Arab and foreign organizations bought at LE 5.23 million, and LE 31.34 million, respectively, while foreign organizations sold at LE 46.75 million.

Middle & West Delta Flour Mills, Acrow Misr, and Alexandria Mineral Oils Company were top gainers of the session by 8.75 percent, 5.33 percent and 4.36 percent, respectively.

Meanwhile, TransOceans Tours, EL Ezz Aldekhela Steel - Alexandria, and Arab Valves Company were top losers of the session by 10 percent, 5.68 percent, and 4.72 percent, respectively.