EGX shows mixed performance Wednesday, market cap. loses LE3.08B

CAIRO – 26 July 2023: The Egyptian Exchange (EGX) ended Wednesday’s session on a mixed note, losing around LE 3.08 billion of the market capitalization, amid foreign selling.

 

The benchmark EGX30 dropped 0.48 percent, or 83.7 points, to end at 17,396.24 points.

 

The equally weighted index EGX 50 inched down 0.22 percent, or 6.98 points, to end at 3,159.13 points.

 

On the other hand, the small and mid-cap index EGX 70 increased 1.80 percent, or 61.08 points, to close at 3,457.83 points, and the broader index EGX 100 rose 1.25 percent, or 63.07 points, at 5,114.6 points.

  

Market capitalization lost around LE 3.08 billion, recording LE 1.169 trillion, compared to LE 1.172 trillion in Tuesday’s session.

 

The trading volume reached 471.37 million shares, traded through 51,325 transactions, with a turnover of LE 1.05 billion.

 

Foreign investors were net sellers at LE 60.78 million, while Egyptian and Arab investors were net buyers at LE 36.11 million, and LE 24.67 million, respectively.

 

ODIN Investments, Misr Hotels, and Atlas for Investment and Food Industries were top gainers of the session at 460 percent, 19.99 percent and 13.52 percent, respectively.

 

Meanwhile, Belton Financial Holding, Development & Engineering Consultants, and Taqa Arabia were top losers of the session by 19.51 percent, 6.50 percent, and 5.98 percent, respectively.

 

EGX was off on Thursday, July 20, and Sunday, July 23, on the occasion of the Islamic New Year & 23rd of July Revolution Holidays. Trading resumed effective Monday, July 24.