EGX ends Wednesday in red, market cap. loses LE 5B

CAIRO – 11 December 2019: The Egyptian Exchange (EGX) ended Wednesday in red, and market capitalization lost LE 5.01B, amid rab and foreign selling.

The benchmark EGX 30 dropped 0.61 percent, or 81.8 points, to close at 13,427.22 points.

The equally weighted index EGX 50 declined 1.10 percent, or 21.55 points, to end at 1,936.61 points

The small and mid-cap index EGX 70 decreased 0.96 percent, or 5.03 points, to close at 521.55 points, and the broader index EGX 100 inched down 0.93 percent, or 12.81 points, to 1,363.39 points.

Market capitalization lost LE 5.01 billion, recording LE 689.73 billion, compared to LE 694.75 billion in Tuesday’s session.

The trading volume reached 635.59 million shares, traded through 18,840 transactions, with a turnover of LE 635.59 million.

Egyptian investors were net buyers at LE 77.31 million, while Arab and foreign investors were net sellers at LE 6.36 million, and LE 70.95 million, respectively.

Egyptian, Arab, and foreign individuals were net sellers at LE 40.65 million, LE 2.02 million, and LE 70.94 million, respectively.

Arab and foreign organizations sold at LE 4.16 million, and LE 67.32 million, respectively, while Egyptian organizations bought at LE 117.97 million.

Atlas For Investment and Food Industries, Mena Touristic & Real Estate Investment, and Nasr Company for Civil Works were top gainers of the session by 8.06 percent, 6.76 percent and 5.42 percent, respectively.

Meanwhile, October Pharma, Sidi Kerir Petrochemicals, and Universal For Paper and Packaging Materials (Unipack) were top losers of the session by 9.59 percent, 8.12 percent, and 5.66 percent, respectively

EGX ended Tuesday’s session in green, as EGX30 rose 0.49 percent, EGX50 increased 0.65 percent, EGX70 hiked 0.67 percent, and EGX100 inched up 0.52 percent.