Cairo – Mubasher: The Egyptian Exchange (EGX) indices declined collectively on Wednesday amid selling spree by local investors.
The benchmark index EGX30 slide 1.34% or 154 points to close at 11,348.3 points.
The small and medium caps index EGX70 lost 1.84% to close at 448.75 points, while the broader index EGX100 went down 1.58% to close at 1,062.14 points.
Similarly, the equal weighted index EGX50 slipped 1.95% to close at 1,829.26 points.
Local investors were net sellers with EGP 297 million, while Arab and foreign investors were net buyers with EGP 93.4 million and EGP 203.6 million respectively.
The market capitalization shed EGP 563.98 billion to reach EGP 569.8 billion.
The market witnessed 405 million shares changed hands worth EGP 1.62 billion.
Out of 185 stocks traded today, decliners outnumbered advancers by 135 to 29, while 21 stocks remained unchanged.
It’s worth noting that only three stocks ended the day in a positive territory: Heliopolis Housing, up 2.0%, Edita, up 1.2%, and Telecom Egypt, up 0.1%.
On the downside, today’s worst performing stocks included ACC, down 9.3%, Orascom Telecom Media and Technology, down 7.1%, and Domty, down 6.8%. The market turnover was EGP1.6 billion and local investors were the sole net sellers.
