EGX 30 Falls 0.03%, EFG-Hermes 1.56% Down; Early Wednesday

After three days of posting winning amid Dr. Mohamed Morsi’s victory,  the Egyptian Exchange (EGX) has posted early losses on Wednesday amounted to EGP 1.4 billion the capital market has reached EGP 333.710 billion, according to data compiled by Amwal Al Ghad as of 09:11 GMT (11:11 local time). 

The main index, EGX30 slumped 0.66% to hit 4581.74 p.  EGX20 went down 0.11% to reach 527.32 p.

Meanwhile, the mid- and small-cap index, the EGX70 inched lower 0.03% to hit 420.07 p. Price index EGX100 went up 0.28% to reach 715.8 p.

Traded volume reached 14.242 million securities worth EGP 41.501 million, exchanged through 2.308  thousand transactions.

This was after trading in 101 listed securities; 64 declined and 23 advanced while 14 keeping their previous levels.

Egyptians and Arabs  were net buyers seizing 95.18% and 0.91% respectively, of the total markets, with a net equity of EGP 1.990 million and EGP 11.959 thousand excluding the deals.

The main reason behind EGX30’s fall was that the non-Arab Foreigners were net sellers seizing 3.91% of the total markets, with a net equity of EGP 2.002 million excluding the deals.

Leading Shares

EGX’s leading shares witnessed collective downwards except for the shares owned by Commercial International Bank- Egypt (CIB) (COMI.CA) went up 0.28% to hit EGP 25.50.

Shares of EFG-Hermes Holding (HRHO.CA) led EGX’s early downwards by going don 1.56% to reach EGP 10.12. Shares of Orascom Telecom Holding (OTH) (ORTE.CA) edged down 1.30% to hit EGP 3.03. Shares of Orascom Telecom Media & Technology Holding (OTMT.CA) inched lower 0.70% to hit EGP 1.41. Shares owned by Orascom Construction Industries (OCIC.CA) tumbled 0.31% to reach EGP 244.00.