Cairo – Mubasher: The Egyptian Exchange deepened its losses in Wednesday’s trading session as the benchmark index (EGX30) dived into the red territory for the fifth straight session.
EGX30 retreated 155.24 points, or 2.05%, to the mark of 7,414.81 points.
In this respect, Global depository receipts (GDRs) collectively saw a slide on London Stock Exchange today.
EFG-Hermes’ GDRs led the decliners after going down by 6.4% to $1.96, peaking to$2.16 and bottoming out at $1.86 during the day.
The total market value shed EGP 4.1 billion ($461 million) to EGP 397.75 billion versus EGP 401.86 billion yesterday.
On the same negative note, the small and mid-cap EGX70 fell by 1.76% to 359.72 points.
Likewise, the broader index EGX100 skidded 1.29% to 765.63 points and the equal-weighted index EGX50 slipped by 1.62% to 1,340.15 points.
After 136 million shares were traded, market turnover reached EGP 362 million. Out of 169 traded stocks, 113 moved down; 17 went up; and 39 stayed at their previous levels.
Foreign investors were net sellers by EGP 29.7 million, while Egyptians and Arab investors were net buyers by EGP 20.6 million and EGP 9*
The main index ended mid-week trading session 0.98% lower to the mark of 7,570 points.
