EGX ends mid-week session red, market cap. loses LE 3.18B

CAIRO - 23 April 2019: The Egyptian Exchange (EGX) ended mid-week session in red, losing LE 3.18 billion, amid Arab and foreign selling.

The benchmark EGX30 lessened 1.05 percent, or 155.48 points, to close at 14,645.78 points.

The equally weighted index EGX50 decreased 1.03 percent, or 23.75 points, to reach 2,282.82 points.

The small and mid-cap index EGX70 dipped 0.08 percent, or 0.51 points, to close at 649.52 points, and the broader index EGX100 declined 0.28 percent, or 4.58 point, to 1,656.79 points.

Market capitalization lost LE 3.18 billion, recording LE 805.02 billion, compared to LE 801.83 billion in Monday’s session.

The trading volume reached 80.58 million shares, traded through 14,003 transactions, with a turnover of LE 476.81 million.

Egyptian investors were net buyers at LE 101.66 million, while Arab and foreign investors were net sellers at LE 30.82 million, and LE 70.84 million, respectively.

Egyptian and foreign individuals were net sellers at LE 6.35 million, and LE 615,055, respectively, while Arab individuals were net buyers at LE 23.99 million.

Arab and foreign organizations sold at LE 6.83 million, and LE 71.45 million, respectively, while Egyptian organizations bought at LE 95.31 million.

El-Nile Co. for Pharmaceuticals and Chemical Industries, Arab Pharmaceuticals, and Memphis Pharmaceuticals, were top gainers of the session by 9.88 percent, 9.56 percent and 9.36 percent, respectively.

Meanwhile, Egyptian Transport (EGYTRANS), Lecico Egypt, and Al Tawfeek Leasing Company-A.T.LEASE were top losers of the session by 12.18 percent, 8.12 percent, and 7.41 percent, respectively.

EGX showed a semi-collective regression during Monday’s session, as EGX30 dipped 0.25 percent, EGX70 lessened 0.68 percent and EGX100 declined 0.66 percent, while EGX50 rose 0.19 percent.