EGX trades in red zone for 2nd session in row

CAIRO - 13 November 2024: The Egyptian Exchange (EGX) continued its trading in the red zone for the second consecutive session, Wednesday, losing around LE 6.28 billion to market capitalization, driven by local and Arab selling.

 

The benchmark EGX30 declined 0.47 percent, or 149.38 points, closing at 31,433.01 points.

 

The small and mid-cap index EGX 70 decreased by 0.30 percent, or 25.32 points, to finish at 8,326.58 points.

 

Furthermore, the broader index, EGX 100, dipped 0.49 percent, or 56.98 points, ending at 11,581.56 points.

 

Market capitalization decreased by around LE 6.28 billion, reaching LE 2.271 trillion compared to LE 2.278 trillion in the previous session.

 

Trading volume totaled 1.33 billion shares across 107,764 transactions, with a turnover of LE 4.8 billion.

 

Foreign investors were net buyers at LE 161.94 million, while Egyptian and Arab investors were net sellers at LE 138.13 million and LE 23.81 million, respectively.

 

Nozha International Hospital, General Silos & Storage, and Lecico Egypt were the top gainers of the session, each rising by 10.27 percent, 9.22 percent, and 6.98 percent, respectively.

 

On the other hand, Gulf Canadian Real Estate Investment Co., Memphis Pharmaceuticals, and South Valley Cement were the top losers, declining by 5 percent, 4.98 percent, and 4.98 percent, respectively.