EGX ends Monday in red, market cap. loses LE9.66B

CAIRO –  27 June 2022: The Egyptian Exchange (EGX) ended Monday’s session in the red zone, losing around LE 9.66 billion of market capitalization, amid Arab and foreign selling.

 

 

The benchmark EGX30 decreased 1.99 percent, or 188.32 points, to end at 9,255.43 points.

 

 

The equally weighted index EGX 50 declined 2.32 percent, or 39.34 points, to end at 1,656.69 points.

 

 

The small and mid-cap index EGX 70 dipped 2.16 percent, or 38.27 points, to close at 1,736.5 points, and the broader index EGX 100 dropped 2.29 percent, or 60.26 points, to close at 2,566.82 points.

 

 

Market capitalization lost around LE 9.66 billion, recording LE 623.74 billion, compared to LE 633.4 billion in Sunday’s session.

 

 

The trading volume reached 828.13 million shares, traded through 30,398 transactions, with a turnover of LE 828.13 million.

 

 

Egyptian investors were net buyers at LE 297.57 million, while Arab and foreign investors were net sellers at LE 44.53 million, and LE 253.03 million, respectively.

 

 

Arab and foreign individuals were net sellers at LE 55.69 million, and LE 356,128, respectively, while Egyptian individuals were net buyers at LE 25.68 million.

 

 

Egyptian and Arab organizations bought at LE 271.88 million, and LE 11.16 million, respectively, while foreign organizations sold at LE 252.67 million.

 

 

The Arab Dairy Products Co. Arab Dairy - Panda, General Silos & Storage, and El Orouba Securities Brokerage were top gainers of the session at 10.25 percent, 5.47 percent and 4.15 percent, respectively.

 

 

Meanwhile, GB AUTO, Fawry For Banking Technology and Electronic Payment, and Arabian Cement Company, were top losers of the session by 11.03 percent, 9.64 percent, and 9.07 percent, respectively.