EGX ends Wednesday in red, market cap. loses LE 9.9B

CAIRO – 10 November 2021: The Egyptian Exchange (EGX) ended Wednesday in red, losing around LE 9.9 billion of market capitalization, amid Egyptian and foreign selling.

The benchmark EGX30 dropped 0.93 percent, or 107.92 points, to end at 11,480.5 points.

The equally weighted index EGX 50 dipped 2.33 percent, or 47.55 points, to end at 1,989.28 points.

The small and mid-cap index EGX 70 lessened 2.97 percent, or 64.9 points, to close at 2,121.18 points, and the broader index EGX100 descended 2.36 percent, or 74.61 points, to close at 3,089.88 points.
 

Market capitalization lost around LE 9.95 billion, recording LE 724.34 billion, compared to LE 734.29 billion in Tuesday’s session.

The trading volume reached 269.1 million shares, traded through 37,302 transactions, with a turnover of LE 821.22 million.

Arab investors were net buyers at LE 47.58 million, while Egyptian and foreign investors were net sellers at LE 25.24 million, and LE 22.34 million, respectively.

Egyptian and foreign individuals were net sellers at LE 19.82 million, and LE 2.09 million, respectively, while Arab individuals were net buyers at LE 19.93 million.

Egyptian and foreign organizations sold at LE 5.42 million, and LE 20.24 million, respectively, while Arab organizations bought at LE 27.65 million.

Iron And Steel for Mines and Quarries, Egyptian Iron & Steel, and Medinet Nasr Housing were top gainers of the session at 19.22 percent, 3.22 percent and 3.11 percent, respectively.

Meanwhile, Rowad Tourism (Al Rowad), Ismailia Development and Real Estate Co, and Zahraa Maadi Investment & Development were top losers of the session by 20 percent, 20 percent, and 19.97 percent, respectively.

EGX ended Tuesday on mixed note, as: EGX30 hiked 0.79 percent, while EGX 50 dipped 1.14 percent, EGX 70 dropped 1.05 percent, and EGX100 descended 0.97 percent.