EGX loses LE43.86B of market cap. Wednesday

CAIRO – 15 March 2023: The Egyptian Exchange (EGX) ended Wednesday in the red zone, losing around LE 43.86 billion of the market capitalization, amid Egyptian selling.

 

The benchmark EGX30 dropped 4.15 percent, or 637.81 points, to end at 14,724.44 points.

 

The equally weighted index EGX 50 declined 6.72 percent, or 178.97 points, to end at 2,486.14 points.

 

The small and mid-cap index EGX 70 decreased 8.22 percent, or 229.74 points, to close at 2,564.33 points, and the broader index EGX 100 dropped 7.64 percent, or 315.4 points, at 3,811.88 points.

  

Market capitalization lost around LE 43.86 billion, recording LE 956.86 billion, compared to LE 1 trillion in Tuesday’s session.

 

The trading volume reached 663.32 million shares, traded through 74,590 transactions, with a turnover of LE 1.9 billion.

 

Egyptian investors were net sellers at LE 138.33 million, while Arab and foreign investors were net buyers at LE 95.17 million, and LE 43.16 million, respectively.

 

Egyptian and Arab individuals were net sellers at LE 182.81 million, and LE 12.62 million, respectively, while foreign individuals were net buyers at LE 27,925.

 

Egyptian, Arab and foreign organizations bought at LE 44.47 million, LE 107.78 million, and LE 43.14 million, respectively.

 

Cairo for Investment and Real Estate Development, Minapharm Pharmaceuticals, and Eastern Company were top gainers of the session at 10.25 percent, 4.17 percent and 2.38 percent, respectively.

 

Meanwhile,Saudi Egyptian Investment & Finance, Orascom Investment Holding, and Delta for Printing & Packaging were top losers of the session by 19.36 percent, 18.66 percent, and 18.56 percent, respectively.