Benchmark extends losses for 2nd day, dragging EGX to mixed note

CAIRO – 13 September 2017: The Egyptian Exchange (EGX) saw mixed performance on Wednesday, hurt by foreign and local sales.

The benchmark index EGX30 went down 0.24 percent to close at 13,443 points.

The small and mid-cap index EGX70 increased 1.75 percent to end at 738 points. The broader index EGX100 index also leveled up 1.22 percent to close at 1,638 points.

Market capitalization added LE 1.5 billion ($85 million) to reach LE 713.9 billion, up from LE 712.4 billion registered Tuesday.

Turnover grew to LE 1.47 billion after recording LE 1.25 billion Tuesday, while traded volume decreased to 331 million shares compared to 555 million shares yesterday.

Foreign and local investors were net sellers with a total of LE 7.58 million and LE 22.5 million, respectively, while Arab traders purchased by LE 30 million.

The Financial Services excluding Banks led sectors in terms of traded values and volumes with LE 161 million and 119 million shares, respectively.

Egypt Aluminum topped gainers and advanced 7.9 percent, while Suez Cement led the worst performers and slipped 3.6 percent.