EGX Loses EGP 2.5 Bln Amid Foreign Selling Pressures; EFG-Hermes 1.87% Down

The Egyptian Exchange (EGX) had on Wednesday closing posted losses of EGP 2.5 billion  as the capital market has reached EGP 320.884 billion.

The main index, EGX30 inched lower 0.62% to close at 4421.38 p.  EGX20 edged down 0.59% to end at 4994.33 p.

Meanwhile, the mid- and small-cap index, the EGX70 dived 1.52 % to hit 390.09 p. Price index EGX100 sank 1.54% to reach 677.04 p.

Traded volume reached 128.578 million securities worth EGP 273.473 million, exchanged through 16.699 thousand transactions.

This was after trading in 165 listed securities; 134 declined and 24 advanced while 7 keeping their previous levels.

Non-Arab Foreigners and  Arabs were net sellers seizing 26.76% and 8.37% respectively, of the total markets, with a net equity of EGP 41.169 million and EGP 14.705 million excluding the deals.

On the other hand, Egyptians were net buyers seizing 64.87% of the total markets, with a net equity of EGP 55.874 million excluding the deals.

EGX’s leading shares witnessed unsteady performance.

Shares of Orascom Telecom Media & Technology Holding (OTMT.CA) jumped 4.65% closing at EGP 1.35. Shares of Commercial International Bank- Egypt (COMI.CA) inched higher 0.79% ending at EGP 24.31.

On the other hand, shares owned by EFG-Hermes Holding (HRHO.CA) topped EGX’s downwards by going down 1.87% ending at EGP 9.99.

Shares of Orascom Telecom Holding (OTH) (ORTE.CA) sagged 1.67% ending at EGP 2.94. Shares of Orascom Construction Industries (OCIC.CA) dipped 1.07% closing at  243.15.