EGX ends Wednesday in red, market cap. loses LE11.78B

CAIRO - 20 September 2023: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, losing around LE 11.78 billion of the market capitalization, amid local selling.

 

The benchmark EGX30 declined 0.79 percent, or 157.07 points, to end at 19,797.23 points.

 

The small and mid-cap index EGX 70 dropped 1.97 percent, or 76.42 points, to close at 3,799.67 points.

 

The broader index EGX 100 decreased 1.65 percent, or 94.25 points, to 5,623.93 points.

  

Market capitalization lost around LE 11.78 billion, recording LE 1.342 trillion, compared to LE 1.353 trillion in Tuesday’s session.

 

The trading volume reached 835.7 million shares, traded through 100,928 transactions, with a turnover of LE 2.9 billion.

 

Egyptian investors were net sellers at LE 198.75 million, while Arab and foreign investors were net buyers at LE 32.27 million, and LE 166.48 million, respectively.

 

National Housing for Professional Syndicates, Samad Misr -EGYFERT, and the Egyptian Modern Education Systems were top gainers of the session at 19.97 percent, 15.77 percent and 11.96 percent, respectively.

 

Meanwhile, Raya Contact Center, CI Capital Holding for Financial Investments, and Copper for Commercial Investment & Real Estate Development were top losers of the session by 7.91 percent, 6.84 percent, and 6.81 percent, respectively.