EGX ends Wednesday on mixed note, market cap. loses LE 4.25B

CAIRO – 10 June 2020: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, losing LE 4.25 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dipped 1.17 percent, or 129.46 points, to close at 10,933.58 points.

The equally weighted index EGX 50 declined 0.36 percent, or 5.89 points, to end at 1,636.51 points.

On the other hand, the small and mid-cap index EGX 70 increased 0.45 percent, or 5.69 points, to close at 1,283.11 points, and the broader index EGX 100 climbed 0.15 percent, or 3.01 points to 2,047.77 points.

Market capitalization lost LE 4.25 billion, recording LE 578.78 billion, compared to LE 584.05 billion in Tuesday’s session.

The trading volume reached 287.23 million shares, traded through 34,045 transactions, with a turnover of LE 910.82 billion.

Egyptians investors were net buyers at LE 142.15 million, while Arab and foreign investors were net sellers at LE 14.26 million, and LE 127.89 million, respectively.

Egyptian and Arab individuals were net sellers at LE 22.62 million, and LE 6.59 million, respectively, while foreign individuals were net buyers at LE 397,039.

Egyptian organizations bought at LE 164.77 million, while Arab and foreign organizations sold at LE 7.66 million, and LE 128.28 million, respectively.

Sharm Dreams Co. for Tourism Investment, Gulf Canadian Real Estate Investment Co., and Arab Valves Company were top gainers of the session at 9.46 percent, 9.19 percent and 9.13 percent, respectively.

Meanwhile, Mohandes Insurance, El Arabia for Land Reclamation, and Emerald Real Estate Investment were top losers of the session by 9.49 percent, 9.10 percent, and 9.07 percent, respectively.

EGX ended Tuesday on mixed note, as: EGX30 dipped 0.75 percent, EGX 50 declined 0.57 percent, while EGX 70 increased 0.73 percent, and EGX 100 climbed 0.18 percent.