EGX shows mixed performance during mid-week session

CAIRO – 4 April 2023: The Egyptian Exchange (EGX) ended Tuesday’s session in a semi-collective rise, losing around LE 1.24 billion of the market capitalization, amid foreign selling.

 

The benchmark EGX30 dropped 0.34 percent, or 58.54 points, to end at 16,998.35 points.

 

The equally weighted index EGX 50 rose 0.36 percent, or 10.42 points, to end at 2,916.9 points.

 

The small and mid-cap index EGX 70 increased 1.89 percent, or 54.76 points, to close at 2,955.19 points, and the broader index EGX 100 climbed 1.34 percent, or 59.03 points, at 4,447.88 points.

  

Market capitalization lost around LE 1.24 billion, recording LE 1.087 trillion, compared to LE 1.088 trillion in Thursday’s session.

 

The trading volume reached 675.39 million shares, traded through 80,828 transactions, with a turnover of LE 2.13 billion.

 

Foreign investors were net sellers at LE 80.32 million, while Egyptian and Arab investors were net buyers at LE 47.78 million, and LE 32.5 million, respectively.

 

ODIN Investments, Arab Valves Company, and GlaxoSmithKline were top gainers of the session at 14.67 percent, 13.24 percent and 10.28 percent, respectively.

 

Meanwhile, Egyptians for Investment & Urban Development, Faisal Islamic Bank of Egypt - In US Dollars, and Suez Canal Company for Technology Settling were top losers of the session by 7.36 percent, 7.23 percent, and 7 percent, respectively.