EGX ends Wednesday in red zone, market cap. loses LE4.6B

CAIRO –  1 June 2022: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, losing around LE 4.64 billion of market capitalization, amid foreign selling.

 

 

 

The benchmark EGX30 declined 0.65 percent, or 66.07 points, to end at 10,083.98 points.

 

 

The equally weighted index EGX 50 dipped 0.89 percent, or 15.48 points, to end at 1,717.07 points.  

 

 

The small and mid-cap index EGX 70 decreased 1.02 percent, or 17.87 points, to close at 1,726.56 points, and the broader index EGX 100 inched down 0.95 percent, or 25 points, to close at 2,596.94 points.

 

 

 

Market capitalization lost around LE 4.64 billion, recording LE 661.22 billion, compared to LE 665.86 billion in Monday’s session.

 

 

The trading volume reached 243.55 million shares, traded through 27,047 transactions, with a turnover of LE 652.96 million.

 

 

Foreign investors were net sellers at LE 115.07 million, while Egyptian and Arab investors were net buyers at LE 98.71 million, and LE 16.36 million, respectively.

 

 

 

Egyptian and foreign individuals were net sellers at LE 6 million, and LE 321,323, respectively, while Arab individuals were net buyers at LE 13.93 million.

 

 

Egyptian and Arab organizations bought at LE 104.71 million,and LE 2.44 million, respectively, while foreign organizations sold at LE 114.75 million.

 

 

Nozha International Hospital, Palm Hills Development Company, and Cleopatra Hospital Company were top gainers of the session at 5.50 percent, 5.50 percent and 4.60 percent, respectively.

 

 

Meanwhile, Canal Shipping Agencies, Al Khair River For Development Agricultural Investment & Envir, and Dice Sport & Casual Wear were top losers of the session by 5.60 percent, 4.96 percent, and 4.94 percent, respectively.