EGX shows mixed performance Wednesday

CAIRO – 22 May 2019: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, and market capitalization gained LE 3.15 billion, amid Arab purchases.

The benchmark EGX30 rose 0.37 percent, or 50.02 points, to close at 13,664.23 points.

The equally weighted index EGX50 increased 0.90 percent, or 18.22 points, to reach 2,050.71 points.

On the other hand, the small and mid-cap index EGX70 dropped 0.56 percent, or 3.38 points, to close at 598.8 points, and the broader index EGX100 dipped 0.36 percent, or 5.53 point, to 1,523.81 points.

Market capitalization gained LE 3.15 billion, recording LE 746.49 billion, compared to LE 743.34 billion in Tuesday’s session.

The trading volume reached 70.07 million shares, traded through 12,602 transactions, with a turnover of LE 417.14 million.

Arab investors were net buyers at LE 29 million, while Egyptian and foreign investors were net sellers at LE 13.26 million, and LE 15.75 million, respectively.

Egyptian individuals were net sellers at LE 8.92 million, while Arab and foreign individuals were net buyers at LE 11.36 million, and LE 1.68 million, respectively.

Egyptian and foreign organizations sold at LE 4.34 million, and LE 17.43 million, respectively, while Arab organizations bought at LE 17.64 million.

Egypt Aluminum, Memphis Pharmaceuticals, and National Bank Of Kuwait- Egypt- NBK were top gainers of the session by 9.43 percent, 8.89 percent and 6.68 percent, respectively.

Meanwhile, Arabian Food Industries DOMTY, Golden Textiles & Clothes Wool, and Misr Hotels were top losers of the session by 9.23 percent, 8.03 percent, and 7.39 percent, respectively.

On Tuesday, EGX ended trading in green, as EGX30 rose 1.75 percent, EGX50 increased 2.08 percent, EGX70 climbed 0.46 percent and EGX100 hiked 0.69 percent.