CAIRO – 28 June 2022: The Egyptian Exchange (EGX) continued its trading in the red zone during Tuesday’s session, losing around LE 3.69 billion of market capitalization, amid Arab and foreign selling.
The benchmark EGX30 decreased 0.82 percent, or 75.8 points, to end at 9,179.63 points.
The equally weighted index EGX 50 declined 1.15 percent, or 19 points, to end at 1,637.69 points.
The small and mid-cap index EGX 70 dipped 1.53 percent, or 26.58 points, to close at 1,709.92 points, and the broader index EGX 100 dropped 1.46 percent, or 37.6 points, to close at 2,529.22 points.
Market capitalization lost around LE 3.69 billion, recording LE 620.04 billion, compared to LE 623.74 billion in Monday’s session.
The trading volume reached 327.37 million shares, traded through 29,664 transactions, with a turnover of LE 883.68 million.
Egyptian investors were net buyers at LE 181.55 million, while Arab and foreign investors were net sellers at LE 74.26 million, and LE 107.28 million, respectively.
Egyptian and Arab individuals were net sellers at LE 49 million, and LE 60.43 million, respectively, while foreign individuals were net buyers at LE 493,321.
Arab and foreign organizations sold at LE 13.84 million, and LE 107.77 million, respectively, while Egyptian organizations bought at LE 230.55 million.
GB AUTO, Emaar Misr for Development, and Alexandria Containers and goods were top gainers of the session at 5.37 percent, 4.44 percent and 3.86 percent, respectively.
Meanwhile, El Ezz Porcelain (Gemma), Alexandria Spinning & Weaving (SPINALEX), and The Arab Ceramic CO.- Ceramica Remas, were top losers of the session by 9.10 percent, 7.13 percent, and 6.60 percent, respectively.