Egypt : EGX continues trading in red zone for 2nd session in row

  • 07 April 2022 / News / 464 / Fares RAHAHLIA

Egypt :  EGX continues trading in red zone for 2nd session in row
CAIRO –  6 April 2022: The Egyptian Exchange (EGX) ended Wednesday in the red zone for the second session in a row, losing around LE 1.48 billion of market capitalization, amid foreign selling.
The benchmark EGX30 dropped 0.29 percent, or 32.89 points, to end at 11,347.96 points.
  The equally weighted index EGX 50 declined 0.40 percent, or 7.93 points, to end at 1,953.91 points.
 The small and mid-cap index EGX 70 decreased 0.22 percent, or 4.31 points, to close at 1,930.44 points, and the broader index EGX 100 dipped 0.20 percent, or 5.98 points, to close at 2,928.8 points.
   Market capitalization lost around LE 1.48 billion, recording LE 731.47 billion, compared to LE 732.95 billion in Tuesday’s session.
The trading volume reached 282.55 million shares, traded through 27,687 transactions, with a turnover of LE 729.09 million.
Foreign investors were net sellers at LE 91.15 million, while Egyptian and Arab investors were net buyers at LE 87.63 million, and LE 3.52 million, respectively.
Egyptian and Arab individuals were net sellers at LE 32.05 million, and LE 980,217, respectively, while foreign individuals were net buyers at LE 4.27 million.
 Egyptian and Arab organizations bought at LE 119.68 million, and LE 4.5 million, respectively, while foreign organizations sold at LE 95.43 million.
Odin for Investment & Development, Obour Land for Food Industries, and The Arab Dairy Products Co. Arab Dairy - Panda were top gainers of the session at 8.61 percent, 8.03 percent and 7.41 percent, respectively.
Meanwhile, Egyptian Kuwaiti Holding-EGP, Egyptian Real Estate Group, and MM Group For Industry and International Trade  were top losers of the session by 3.89 percent, 3.76 percent, and 3.42 percent, respectively.
On Tuesday, EGX ended trading in the red zone, as EGX30 dropped 1.29 percent, EGX 50 declined 0.33 percent, EGX 70 decreased 0.10 percent, and EGX 100 dipped 0.32 percent.

source: egypttoday

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