CAIRO - 28 February 2024: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, losing around LE 112.35 billion of the market capitalization, amid Arab selling.
The benchmark EGX30 decreased 1.13 percent, or 328.7 points, to end at 28,876.46 points.
Furthermore, the small and mid-cap index EGX 70 dropped 3.36 percent, or 253.09 points, to close at 7,289.29 points.
The broader index EGX 100 declined 3.04 percent, or 319.82 points, to 10,216.82 points.
Market capitalization lost around LE 40.59 billion, recording LE 1.988 trillion, compared to LE 2.028 trillion in Tuesday's session.
The trading volume reached 1.09 million shares, traded through 203,362 transactions, with a turnover of LE 6.65 billion.
Arab investors were net sellers at LE 112.35 million, while Egyptian and foreign investors were net buyers at LE 57.82 million, and LE 54.54 million, respectively.
El Kahera El Watania Investment, South Cairo & Giza Mills & Bakeries, and Alexandria Flour Mills were top gainers of the session at 18.68 percent, 16.92 percent, and 13.85 percent, respectively.
Meanwhile, Alexandria Containers and goods, Six of October Development & Investment (SODIC), and Delta Sugar were top losers of the session by 11.42 percent, 10.79 percent, and 10.61 percent, respectively.
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