EGX shows mixed performance, benchmark down 0.1%

CAIRO – April 12, 2017: The Egyptian Exchange shut on a mixed note Wednesday, and market capitalization shed around 2.4 billion EGP ($121.4 million), totaling 662.26 billion EGP.

The benchmark index (EGX30) was almost flat, losing a slight 0.09 percent to close at 12,984 points.

CIB, the heaviest weight on the gauge ended 0.3 percent down. The EGX30’s top performing constituents were: Telecom Egypt 2.1 percent up, Ezz Steel 1.5 percent up, and SODIC 1.4 percent up.

In turn, Elsewedy Electric, Domty and Egyptian Resorts were the worst performers, dropping 3.3 percent, 2.1 percent and 1.7 percent, respectively.

The small and mid-cap EGX70 index edged down 1.04 percent, closing at 592 points, and the broader EGX100 index also lost 0.8 percent to reach 1,361 points. Meanwhile, the EGX20 index rose 0.35 percent to close at 12,307 points.

The market turnover registered 884 million EGP, and local investors were the sole net sellers.