EGX flags in red Wednesday, market cap. loses LE 6.11B

CAIRO – 19 January 2022: The Egyptian Exchange (EGX) ended Wednesday’s session in red, losing around LE 6.11 billion of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 declined 1.36 percent, or 161.43 points, to end at 11,715.01 points.

The equally weighted index EGX 50 dipped 0.82 percent, or 17.08 points, to end at 2,061.11 points.

The small and mid-cap index EGX 70 dropped 0.26 percent, or 5.73 points, to close at 2,212.99 points, and the broader index EGX100 decreased 0.61 percent, or 19.8 points, to close at 3,239.68 points.

Market capitalization lost around LE 6.11 billion, recording LE 756.63 billion, compared to LE 762.75 billion in Tuesday’s session.

The trading volume reached 192.19 million shares, traded through 31,011 transactions, with a turnover of LE 724.2 million.

Arab, and foreign investors were net sellers at LE 40.9 million, and LE 66.91 million, respectively, while Egyptian investors were net buyers at LE 107.81 million.

Egyptian and foreign individuals were net buyers at LE 63.56 million, and LE 1.05 million, respectively, while Arab individuals were net sellers at LE 3.8 million.

Arab and foreign organizations sold at LE 37.09 million, and LE 67.96 million, respectively, while Egyptian organizations bought at LE 44.24 million.

Misr Hotels, Societe Arabe Internationale De Banque (SAIB), and Minapharm Pharmaceuticals were top gainers of the session at 12.64 percent, 10.81 percent and 7.79 percent, respectively.

Meanwhile, Ismailia National Food Industries, MM Group for Industry and International Trade, and Cairo for Investment and Real Estate Development were top losers of the session by 5.23 percent, 4.36 percent, and 4.29 percent, respectively.