EGX ends Tuesday in red, market capitalization. loses LE6.3B

CAIRO – April 5, 2022: The Egyptian Exchange (EGX) ended in the red zone on Tuesday, losing around LE 6.3 billion to market capitalization, amid overseas selling.

The benchmark EGX30 fell 1.29%, or 148.33 points, to end at 11,380.85 points.

The equally weighted EGX 50 index fell 0.33%, or 6.44 points, to end at 1,961.84 points.

The EGX 70 small-mid cap index was down 0.10%, or 1.97 points, to close at 1,934.75 points, and the broader EGX 100 index was down 0.32%, or 9.46 points, to close at 2,934.78 points.

The market capitalization lost around LE 6.32 billion, registering LE 732.95 billion, against LE 739.12 billion in Monday’s session.

Trading volume reached 220.11 million shares, traded through 29,935 transactions, with turnover of LE 781.35 million.

Foreign investors were net sellers at LE 90.12 million, while Egyptian and Arab investors were net buyers at LE 41.38 million and LE 48.74 million, respectively.

Egyptian and foreign individuals were net sellers at LE 50.07 million and LE 563,226, respectively, while Arab individuals were net buyers at LE 32.43 million.

Egyptian and Arab organizations bought for LE 91.45 million and LE 16.31 million, respectively, while foreign organizations sold for LE 89.56 million.

Marseille Almasreia Alkhalegeya for Holding Investment, El Wadi for International and Investment Development and Fawry for Banking Technology and Electronic Payment were the session’s top gainers with 7.43%, 4.57% and 4.41%, respectively.

Meanwhile, Naeem Holding, Rakta Paper Manufacturing and Nasr Company for Civil Works were the session’s biggest losers with 12.71%, 8.14% and 6.32% respectively.

Comments are closed.