EGX ends Wednesday in red, market cap. loses LE 4.99B



Wed, 08 Dec 2021 - 05:44 GMT


Wed, 08 Dec 2021 - 05:44 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 8 December 2021: The Egyptian Exchange (EGX) ended Wednesday’s session in red, losing around LE 4.99  billion of market capitalization, amid foreign selling.


The benchmark EGX30 dipped 0.76 percent, or 87.12 points, to end at 11,451.14 points.


The equally weighted index EGX 50 declined 1.45 percent, or 29.5 points, to end at 2,003.12 points.


The small and mid-cap index EGX 70 dropped 0.68 percent, or 14.43 points, to close at 2,120.85 points, and the broader index EGX100 decreased 0.85 percent, or 26.62 points, to close at 3,110.26 points.


Market capitalization lost around LE 4.99 billion, recording LE 723.97 billion, compared to LE  728.96 billion in Tuesday’s session.


The trading volume reached 346.19 million shares, traded through 39,865 transactions, with a turnover of LE 1.24 billion.


Foreign investors were net sellers at LE 92 million, while Egyptian and Arab investors were net buyers at LE 32.3 million, and LE 59.7  million, respectively.


Egyptian and Arab individuals were net buyers at LE 44.09 million, and LE 50.3 million, respectively, while foreign individuals were net sellers at LE 314,580.


Egyptian and foreign organizations sold at LE 11.79 million, and LE 91.69 million, respectively, while Arab organizations bought at LE 9.4 million.


Al Tawfeek Leasing Company-A.T.LEASE, TransOceans Tours, and Ezz Steel were top gainers of the session at 11.27 percent, 7.32 percent and 6.20 percent, respectively.


Meanwhile, Speed Medical, Egyptians for Investment & Urban Development, and Ismailia Development and Real Estate Co were top losers of the session by 20 percent, 18.83 percent, and 7.48 percent, respectively.




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