EGX ends Wednesday on mixed note, market cap. loses LE 517.49M

CAIRO – 28 October 2020: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, losing LE 517.49 million of market capitalization, amid foreign selling.

Wedesday's session is the last trading session of the week as the bourse will be off on Thursday, Oct. 29, in celebration of Prophet Mohamed's birthday. Trading will be resumed effective Sunday, Nov. 1.

The benchmark EGX30 declined 0.42 percent, or 44.46 points, to close at 10,515.25 points.

The equally weighted index EGX 50 dipped 0.20 percent, or 3.99 points, to end at 1,990.07 points.

On the other hand, the small and mid-cap index EGX 70 rose 0.31 percent, or 5.79 points, to close at 1,870.70 points, and the broader index EGX 100 inched up 0.04 percent, or 1.02 points to 2,743.47 points.

Market capitalization lost around LE 517.49 million, recording LE 605.38 billion, compared to LE 605.9 billion in Tuesday’s session.

The trading volume reached 389.71 million shares, traded through 41,143 transactions, with a turnover of LE 1.23 billion. 

Foreign investors were net sellers at LE 136.52 million, while Egyptian and Arab investors were net buyers at LE 114.37 million, and LE 22.14 million, respectively. 

Egyptian, and foreign individuals were net sellers at LE 17.02 million, and LE 1.61 million, respectively, while Arab individuals were net buyers at LE 9.78 million.

Egyptian and Arab organizations bought at LE 131.39 million, and LE 12.36 million, respectively, while foreign organizations sold at LE 134.91 million.

Delta Insurance, South Cairo & Giza Mills & Bakeries, and Egyptian Arabian (cmar) Securities Brokerage EAC  were top gainers of the session at 9.99 percent, 9.81 percent and 9.62 percent, respectively. 

Meanwhile, Reacap Financial Investments, Golden Coast Company, and Delta for Printing & Packaging were top losers of the session by 8.04 percent, 5.35 percent, and 4.54 percent, respectively.

EGX ended Tuesday in green, as: EGX30 rose  0.45 percent, EGX 50 increased 1.71 percent, EGX 70 hiked 2.78 percent, and EGX 100 climbed 2.34 percent.