EGX Early Losses Doubled, EFG-Hermes 4.17% Down

On Tuesday’s midday session, the EGX doubled its early losses to reach EGP 2.3 billion as the capital market has amounted to EGP 355.590 billion.

The main index, EGX30 dropped 0.84% to close at 5019.35 p. EGX20 inched lower 1.05% to close at 5819.56 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell 1.11% to close at 429.81 p. Price index EGX100 edged down 0.86% to close at 784.33 p.

Traded volume reached 37.154 million securities worth EGP 135.404 million, exchanged through 8.003 thousand transactions.

This was after trading in 148 listed securities; 118 declined and 19 advanced while 11 keeping their previous levels.

Egyptians were net buyers seizing 62.98% of the total markets, with a net equity of EGP 31.550 million, excluding the deals.

On the other hand, the main reason behind EGX’s downwards was that the non-Arab Foreigners and Arabs were net sellers seizing 29.24% and 7.78% respectively,   with a net equity of EGP 28.517 million and EGP 3.033 million, excluding the deals.

EGX’s leading shares have witnessed collective downwards led by EFG-Hermes Holding (HRHO) which dived 4.17% to hit EGP 12.19 at 11:00 GMT (13:00 pm in Cairo).

Orascom Telecom Holding (OTH) (ORTE) went down 1.78% to reach EGP 3.31. Orascom Construction Industries (OCIC) slided down 1.18% to hit EGP 276.

Commercial International Bank- Egypt (COMI) also edged down  0.88% to reach EGP 25.99.

On the other hand,  Orascom Telecom Media & Technology Holding (OTMT) went up 0.70% to hit EGP 1.43.