EGX adds LE 1B to market capitalization amid mixed performance

CAIRO - 18 April 2019: The Egyptian Exchange (EGX) showed mixed performance during Thursday session, adding LE 1 billion to market capitalization, amid Egyptian and foreign selling.

The benchmark EGX30 inched up 0.08 percent, or 12.36 points, to close at 14,876.37 points.

The equally weighted index EGX50 rose 0.10 percent, or 2.39 points, to reach 2,319.37 points.

On the other side, the small and mid-cap index EGX70 dipped 0.68 percent, or 4.48 points, to close at 658.74 points, and the broader index EGX100 lessened 0.55 percent, or 9.31 point, to 1,682.29 points.

Market capitalization gained LE 1 billion, recording LE 810.4 billion, compared to LE 809.4 billion in Wednesday's session.

The trading volume reached 253.01 million shares, traded through 16,809 transactions, with a turnover of LE 887.83 million.

Arab investors were net buyers at LE 54.97 million, while Egyptian and foreign investors were net sellers at LE 51.06 million, and LE 3.9 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 124.75 million, LE 15.29 million, and LE 1.48 million, respectively.

Egyptian, and Arab organizations bought at LE 73.69 million, and LE 70.27 million, respectively, while foreign organizations sold at LE 2.43 million.

Egyptians Housing Development & Reconstruction, Asek Company for Mining - Ascom, and Electro Cable Egypt, were top gainers of the session by 5.03 percent, 4.29 percent and 3.78 percent, respectively.

Meanwhile, Egyptian Satellites (NileSat), El Arabia for Land Reclamation, and Memphis Pharmaceuticals were top losers of the session by 12.88 percent, 9.94 percent, and 5.38 percent, respectively.

EGX ended Wednesday in red for the third session in a row, as EGX30 decreased 0.73 percent, EGX50 lessened 0.73 percent, EGX70 declined 0.25 percent, and EGX100 dropped 0.32 percent.