Cairo – Mubasher: EGX indices reversed early gains and fell into the red zone in Wednesday’s trading session on selling pressures by nationals and foreigners.
At 12:00pm, the benchmark lost 16.35 points, or 0.19%, to stand at 7847.68 points after five continuous rises.
The largest EGX30 constituent declined 1.16% and headed trading values by EGP105.8 million.
Foreign and Nationals were net sellers by EGP3.90 million and EGP36.06 million respectively, while Arab investors were net buyers by EGP39.96 million.
The equal-weighted index EGX50 fell 0.56% to 1,499.76 points. The small and mid-cap EGX70 slipped by 0.73% to 379.12 points. The broader index moved 0.63% lower to 807.41 points.
Trading value reached EGP606 million after 228.09 million shares were traded over 18,000 transactions.
The top gainers were Beltone (+9.98%), Edita (+1.38%), and Talaat Moustafa (+0.45%), while the top losers were Egyptian Resorts (-5.15%), SODIC (-5.09%) and Oriental Weavers (-4.87%).
