During Wednesday’s closing, the Egyptian Exchange (EGX) has extended its midday losses to eventually reach EGP 1.5 billion driven by the local selling pressures.
The capital market has reached to EGP 359.990 billion during Wednesday’s closing session.
The EGX indices ended Wednesday in green notes.
Egypt’s benchmark index EGX30 dropped by 0.68% to close at 5259.07 p; while the EGX20, it also declined by 0.88% to end at 6154.57 p.
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.50% to conclude at 448.38 p. Price index EGX100 inched down by 0.56% to finish at 749.26 p.
During Wednesday’s closing, the trading volume hit 61.442 million securities, much less than Tuesday’s 94.348 million securities, representing a decline of 32.906 thousand securities. For the traded value, it reached EGP 348.152 million, exchanged 15.321 thousand transactions.
This was after trading in 161 listed securities; 119 declined, 14 advanced; while 28 keeping their previous levels.
Egyptians and selling pressures have driven EGX’s losses as they were net sellers seizing 75.18% of the total markets, with a net equity of EGP 10.318 million, excluding the deals.
Meanwhile, the non-Arab foreigners and Arabs were net buyers seizing 20.49% and 4.33% respectively, of the total markets, with a net equity of EGP 4.573 million and EGP 5.745 million excluding the deals.
