EGX ends week in red, market cap. loses LE10.83B

CAIRO – 6 April 2023: The Egyptian Exchange (EGX) ended Wednesday’s session in the red zone, losing around LE 10.83 billion of the market capitalization, amid foreign selling.

 

The benchmark EGX30 dropped 1.82 percent, or 309.97 points, to end at 16,709.28 points.

 

The equally weighted index EGX 50 dipped 0.62 percent, or 17.93 points, to end at 2,891.93 points.

 

The small and mid-cap index EGX 70 decreased 0.35 percent, or 10.2 points, to close at 2,945.58 points, and the broader index EGX 100 declined 0.55 percent, or 24.32 points, at 4,420.09 points.

  

Market capitalization lost around LE 10.83 billion, recording LE 1.075 trillion, compared to LE 1.087 trillion in Thursday’s session.

 

The trading volume reached 407.8 million shares, traded through 60,327 transactions, with a turnover of LE 1.55 billion.

 

Foreign investors were net sellers at LE 188.14 million, while Egyptian and Arab investors were net buyers at LE 120.17 million, and LE 67.97 million, respectively.

 

Golden Textiles & Clothes Wool, B Investments Holding, and Egyptian for Tourism Resorts were top gainers of the session at 11.98 percent, 8.44 percent and 7.42 percent, respectively.

 

Meanwhile, Misr National Steel - Ataqa, Arab Valves Company, and GlaxoSmithKline were top losers of the session by 4.40 percent, 3.90 percent, and 3.83 percent, respectively.