EGX ends Wednesday on mixed note amid Egyptian selling

CAIRO – 4 April 2018: The Egyptian Exchange (EGX) ended Wednesday's session on a mixed note for the second consecutive session, amid Egyptian selling.

The benchmark EGX30 rose 0.10 percent, or 16.94 points, to end at 17,509.65 points.

The equally weighted index EGX50 dropped 0.66 percent, or 19.79 points, to reach 2994.32 points.

The small and mid-cap index EGX70 decreased 0.75 percent, or 6.57 points, ending at 868.23 points, and the broader index EGX100 declined 0.23 percent, or 6.07 points, to close at 2251.72 points.

Market capitalization lost LE 3.26 billion, recording LE 975.03 billion ($55. 21 billion), compared to LE 978.29 billion in Tuesday’s session.

The trading volume reached 776.1 million shares, traded through 47,323 transactions with a turnover of LE 2.55 billion.

Egyptian investors were net sellers at LE 186.06 million while Arab and foreign investors were net buyers at LE 126.99 million and LE 59.07 million, respectively.

Egyptian and Arab individuals were net sellers at LE 56.88 million and LE 44.2 million, respectively, while foreign individuals were net buyers at LE 3.48 million.

Egyptian organizations sold at LE 129.18 million while Arab and foreign organizations bought at LE 171.19 million and LE 55.59 million, respectively.

Paint & Chemicals Industries (Pachin), North Africa Co. for Real Estate Investment, and T M G Holding were top gainers of the session by 11.29 percent, 9.47 percent, and 8.87 percent, respectively.

While Modern Shorouk Printing & Packaging, Ismailia Misr Poultry, and Misr National Steel – Ataqa were top losers of the session by 9.35 percent, 8.56 percent, and 7.74 percent, respectively.

The Egyptian Exchange (EGX) ended Tuesday’s session on a mixed performance as EGX30 slipped 1.90 percent, EGX50 decreased 0.61 percent, EGX70 jumped 0.29 percent, and EGX100 declined 0.23 percent.