Cairo - Mubasher: The Egyptian Exchange (EGX) ended Wednesday’s trading session in the red zone, as the market cap lost EGP 6.1 billion.
The benchmark index EGX30 declined 1.38% or 110.9 points closing at the level of 7,937.79 points, while EGX70 lost 1.22% reaching 345.98 points.
The broader index EGX100 decreased 1.54% to 789.64 points. The equal-weighted index EGX50 also went down 1.87% to the level of 1325.65 points.
The Egyptian bourse’s market cap shrunk by EGP 6.1 billion, closing at EGP 407.7 billion by the end of the session, compared to EGP 413.8 billion on Tuesday.
The Egyptian market is going around the level of 8000 points, as the general sentiment shifts from neutral to negative in the near future, senior analyst at Acumen Holding Hesham Hassan said.
Egyptian and Arab investors leaned towards selling, netting EGP 3 million and EGP 13.2 million respectively, while foreign investors netted EGP 16.2 million in buying.
Total turnover reached EGP 516.3 million, with a traded volume of 145.9 million shares.
Out of 171 stocks traded today, 121 declined, 17 rose, and 33 remained unchanged.
El Arabia for Land Reclamation, El Nasr Clothing and Textiles, Gharbia Islamic Housing Development, and Cairo Poultry led the session’s gainers, by adding between 7% and 1.3%.
On the other hand, Suez Canal for Technology Settling, General Land Reclamation, Egyptalum, Ajwa, and Arabian Cement was the session’s biggest losers, dropping 9.5% to 5%.
Domty registered the highest turnover at EGP 77.5 million, with a traded volume of 11.8 million shares.
Orascom telecom was the most active in traded volume with 33.9 million, with a traded value of EGP 18.4 million.
