EGX loses LE794M of market capitalization Tuesday

CAIRO – 18 September 2018: The Egyptian Exchange (EGX) ended Tuesday’s session on a mixed note after two sessions of being in the red zone, and market capitalization lost LE 793.98 million during the session amid foreign selling.

The benchmark EGX30 rose 0.02 percent, or 2.94 points, to close at 14,653.91 points.

On the other hand, the equally weighted index EGX50 declined 0.46 percent, or 10.85 points, to reach 2,352.55 points.

The small and mid-cap index EGX70 dropped 0.37 percent, or 2.68 points, reaching 720.82 points, and the broader index EGX100 inched down 0.21 percent, or 3.79 points, closing at 1,839.60 points.

Market capitalization lost LE 793.98 million, recording LE 814.96 billion, compared to LE 815.75 billion in Monday’s session.

The trading volume reached 209.34 million shares, traded through 24,662 transactions, with a turnover of LE 706.28 million.

Cairo Poultry, El Ezz Porcelain (Gemma), and Golden Coast Company were top gainers of the session by 6.25 percent, 5.36 percent and 4.91 percent, respectively.

On the other hand, Alexandria Cement, El Obour Real Estate Investment, and Wadi Kom Ombo Land Reclamation were top losers of the session by 9.02 percent, 8.76 percent, and 8.26 percent, respectively.

Foreign investors were net sellers at LE 42.59 million, while Egyptian and Arab investors were net buyers at LE 37.9 million and LE 4.69 million, respectively.

Egyptian, Arab and foreign individuals were net sellers at LE 5.97 million, LE 10.96 million, and LE 7.42 million, respectively.

Egyptian and Arab organizations bought at LE 43.87 million and LE 15.65 million, respectively, while foreign organizations sold at LE 35.17 million.

EGX ended Monday’s session in red, as EGX30 declined 0.71 percent, EGX50 inched down 0.91 percent, EGX70 dropped 1.38 percent, and EGX100 decreased 1.13 percent.