EGX loses LE15.25B of market cap. Monday amid red trading pushed by foreign selling

CAIRO –  4 July 2022: The Egyptian Exchange (EGX) continued its downtrend during Monday’s session, losing around LE 15.25 billion of market capitalization, amid foreign selling.

 

 

The benchmark EGX30 decreased 3.59 percent, or 323.15 points, to end at 8,685.74 points.

 

 

The equally weighted index EGX 50 dipped 3.46 percent, or 56.08 points, to end at 1,563.97 points.

 

 

The small and mid-cap index EGX 70 declined 2.57 percent, or 43.66 points, to close at 1,655.76 points, and the broader index EGX 100 dropped 2.89 percent, or 72.38 points, to close at 2,435.59 points.

 

 

Market capitalization lost around LE 15.25 billion, recording LE 593.23 billion, compared to LE 608.48 billion in Sunday’s session.

 

 

The trading volume reached 500.33 million shares, traded through 28,067 transactions, with a turnover of LE 500.33 million.

 

 

Foreign investors were net sellers at LE 46.24 million, while Egyptian and Arab investors were net buyers at LE 44.82 million, and LE 1.42 million, respectively.

 

 

Arab and foreign individuals were net sellers at LE 3.78 million, and LE 1.49 million, respectively, while Egyptian individuals were buyers at LE 22.97 million.

 

 

Egyptian and Arab organizations bought at LE 21.85 million, and LE 5.2 million, respectively, while foreign organizations sold at LE 44.75 million.

 

 

Lecico Egypt, Speed Medical, and International Co for Investment & Development were top gainers of the session at 8.79 percent, 7.27 percent and 4.73 percent, respectively.

 

 

Meanwhile, Ibnsina Pharma, ODIN Investments, and Credit Agricole Egypt, were top losers of the session by 15.36 percent, 14.84 percent, and 10.74 percent, respectively.