EGX shows mixed performance Wednesday

CAIRO – 17 June 2020: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, losing LE 423.39 million of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dipped 0.27 percent, or 29.57 points, to close at 10,905.75 points.

The equally weighted index EGX 50 dropped 0.27 percent, or 4.43 points, to end at 1,652 points.

On the other hand, the small and mid-cap index EGX 70 climbed 0.25 percent, or 3.3 points, to close at 1,316.08 points, and the broader index EGX 100 jumped 0.11 percent, or 2.39 points to 2,082.62 points.

Market capitalization lost LE 423.39 million, recording LE 580.85 billion, compared to LE 581.27 billion in Tuesday’s session.

The trading volume reached 773.12 million shares, traded through 36,941 transactions, with a turnover of LE 3.12 billion.

Egyptian investors were net buyers at LE 114.83 million, while Arab and foreign investors were net sellers at LE 10.44 million, and LE 104.38 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 1.17 billion, and LE 7.33 million, and LE 6.72 million, respectively.

Egyptian organizations bought at LE 1.29 million, while Arab and foreign organizations sold at LE 3.11 million, and LE 97.65 million, respectively.

ARAB POLVARA SPINNING & WEAVING CO., Sinai Cement, United Housing & Development were top gainers of the session at 9.99 percent, 9.61 percent and 8.56 percent, respectively.

Meanwhile, Pyramisa Hotels, ODIN Investments, and Wadi Kom Ombo Land Reclamation were top losers of the session by 9.94 percent, 7.94 percent, and 7.46 percent, respectively.

EGX ended Tuesday’s session in green, as: EGX30 rose 2.50 percent, EGX 50 hiked 2.50 percent, EGX 70 climbed 2.03 percent, and EGX 100 jumped 2.01 percent.