EGX ends Wednesday in semi-collective regression, market cap. loses LE5.14B

CAIRO – 8 March 2023: The Egyptian Exchange (EGX) ended Wednesday’s session in a semi-collective regression, losing around LE 5.14 billion of the market capitalization, amid Arab and foreign selling.

 

The benchmark EGX30 decreased 0.71 percent, or 116.94 points, to end at 16,315.62 points.

 

The equally weighted index EGX 50 declined 0.84 percent, or 23.98 points, to end at 2,829.06 points, and the broader index EGX 100 dropped 0.23 percent, or 10.35 points, at 4,437.63 points.

 

On the other hand, the small and mid-cap index EGX 70 rose 0.35 percent, or 10.55 points, to close at 3,020.6 points.

 

Market capitalization lost around LE 5.14 billion, recording LE 1.057 trillion, compared to LE 1.062 trillion in Tuesday’s session.

 

The trading volume reached 376.71 million shares, traded through 61,456 transactions, with a turnover of LE 1.62 billion.

 

Egyptian investors were net buyers at LE 163.11 million, while Arab and foreign investors were net sellers at LE 74.43 million, and LE 88.68 million, respectively.

 

Egyptian and foreign individuals were net buyers at LE 1.38 million, and LE 19.24 million, respectively, while Arab individuals were net sellers at LE 24.15 million.

 

Arab and foreign organizations sold at LE 50.27 million, and LE 107.93 million, respectively, while Egyptian organizations bought at LE 161.73 million.

 

Cairo Pourtly, Nasr Company for Civil Works, and Misr National Steel - Ataqa were top gainers of the session at 11.60 percent, 9.13 percent and 6.88 percent, respectively.

 

Meanwhile, Eastern Company, Egyptian Satellites (NileSat), and Cairo for Investment and Real Estate Development were top losers of the session by 10.88 percent, 5.80 percent, and 5.38 percent, respectively.