EGX ends Wednesday on mixed note, market cap. loses LE19.15B

CAIRO - 29 November 2023: The Egyptian Exchange (EGX) showed a mixed performance during Wednesday’s session, losing around LE 19.15 billion of the market capitalization, amid Egyptian selling.

 

The benchmark EGX30 decreased 1.44 percent, or 362.57 points, to end at 24,759.16 points.

 

The broader index EGX 100 declined 0.15 percent, or 10.99 points, to 7,533.13 points.

 

On the other hand, the small and mid-cap index EGX 70 rose 0.25 percent, or 12.75 points, to close at 5,187.11 points.

 

Market capitalization lost around LE 19.15 billion, recording LE 1.669 trillion, compared to LE 1.688 trillion in Tuesday’s session.

 

The trading volume reached 1.67 million shares, traded through 142,943 transactions, with a turnover of LE 5.53 billion.

 

Egyptian investors were net sellers at LE 388.82 million, while Arab and foreign investors were net buyers at LE 176.73 million, and LE 212.09 million, respectively.

 

El Ahli Investment and Development, Asek Company for Mining - Ascom, and Acrow Misr were top gainers of the session at 19.98 percent each.

 

Meanwhile, Osool ESB Securities Brokerage, El Arabia for Land Reclamation, and Orascom Investment Holding were top losers of the session by 10.97 percent, 5.87 percent, and 5.33 percent, respectively.