EGX shows mixed performance Wednesday, market cap losses EGP 423mn

The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, losing  423.39 million Egyptian pound of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 dipped 0.27 percent, or 29.57 points, to close at 10,905.75 points.

The equally weighted index EGX 50 dropped 0.27 percent, or 4.43 points, to end at 1,652 points.

On the other hand, the small and mid-cap index EGX 70 climbed 0.25 percent, or 3.3 points, to close at 1,316.08 points, and the broader index EGX 100 jumped 0.11 percent, or 2.39 points to 2,082.62 points.

Market capitalization lost 423.39 million pound , recording 580.85 billion pound , compared to 581.27 billion pound  in Tuesday’s session.

The trading volume reached 773.12 million shares, traded through 36,941 transactions, with a turnover of  3.12 billion  pound

Egyptian investors were net buyers at 114.83 million pound, while Arab and foreign investors were net sellers at  10.44 million pound , and  104.38 million pound, respectively.

Egyptian, Arab and foreign individuals were net sellers at 1.17 billion pound , and 7.33 million pound , and  6.72 million pound , respectively.

Egyptian organizations bought at 1.29 million pound, while Arab and foreign organizations sold at 3.11 million pound and 97.65 million pound , respectively.