EGX ends Thursday in red, market cap. loses LE4.29B

CAIRO –  26 May 2022: The Egyptian Exchange (EGX) ended Thursday session in the red zone, losing around LE 4.29 billion of market capitalization, amid Egyptian and Arab selling.

 

 

The benchmark EGX30 dipped 0.46 percent, or 46.87 points, to end at 10,200.56 points.

 

 

The equally weighted index EGX 50 declined 1.26 percent, or 22.15 points, to end at 1,734.32 points.  

 

 

 

The small and mid-cap index EGX 70 decreased 1.07 percent, or 18.94 points, to close at 1,746.37 points, and the broader index EGX 100 dropped 1.23 percent, or 32.66 points, to close at 2,627.49 points.

 

 

 

Market capitalization lost around LE 4.29 billion, recording LE 669.25 billion, compared to LE 673.54 billion in Wednesday's session.

 

 

The trading volume reached 251.47 million shares, traded through 30,023 transactions, with a turnover of LE 571.98 million.

 

 

Foreign investors were net buyers at LE 14.9 million, while Egyptian and Arab investors were net sellers at LE 10.84 million, and LE 4.07 million, respectively.

 

 

 

Arab and foreign individuals were net sellers at LE 5.23 million, and LE 39,322, respectively, while Egyptian individuals were net buyers at LE 9.96 million.

 

 

Arab and foreign organizations bought at LE 1.16 million,and LE 14.95 million, respectively, while Egyptian organizations sold at LE 20.8 million.

 

 

Lecico Egypt, Minapharm Pharmaceuticals, and Egyptian Financial Group-Hermes Holding Company were top gainers of the session at 5.94 percent, 3.86 percent and 3.04 percent, respectively.

 

 

Meanwhile, Palm Hills Development Company, Sharkia National Food, and GB AUTO were top losers of the session by 8.89 percent, 8.44 percent, and 8.33 percent, respectively.