Cairo – Mubasher: The Egyptian Exchange finished Wednesday in the red territory for the second consecutive session.
The benchmark lost 118.5 points, or 1.55%, to close at 7,503.40 points.
EFG Hermes and TMGH plunged 1.9% and 1.4% respectively after their financial results were disclosed.
EGX30 largest constituent, CIB, was 2.99% down to EGP43.41 with a turnover of EGP106.58 million.
Amer Group, Arab Cotton Ginning, and Madinet Nasr Housing fell 5.4%, 3.2% and 3.0%, respectively.
On the flip side, Porto Group, Pioneers Holding and Egyptian Resorts were the sole three EGX30 gainers.
“While Porto Group jumped 3.3%, Pioneers Holding and Egyptian Resorts ended the day marginally in the green territory. After reporting a net loss of EGP 128.1m in Q1-16 versus a net profit of EGP 135.9m a year earlier”, said Pharos Research.
The small and mid-cap index EGX70 was 0.31% lower to 367,93 points.
The broader index EGX100 slipped 0.48% to 777.67 points.
Nationals and foreign investors were net sellers by EGP12.55 million and EGP69,1410, while Arab investors were net buyers by EGP13.25 million.
With 191.88 million shares changing hands, trading value reached EGP630.552 million in 22,684 transactions.
The top advancers were Modern Company for water proofing, Egyptian Arabian (cmar) Securities Brokerage EAC, Arab Valves Company with a rise of 9.52%,7.78%, and 7.32% respectively.
Meanwhile, the laggards were Saudi Egyptian Investment & Finance (-17.63%), National Housing for Professional Syndicates (-9.05), Belton Financial Holding (-8.12), and Amer Group Holding (-5.41%).
Translated by Ahmed El-sayed Ali
