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June 22 | EGX is back into red zone after quick respite with market cap. loss of EGP 4.18B

The turnover amounted to EGP 2.82 billion after 238.17 million shares had been exchanged through 22,577 transactions

By: Business Today Egypt

Wed, Jun. 22, 2022

The Egyptian Exchange (EGX) returns to the red zone after finally making it into the green yesterday, closing today’s session with a market capitalization loss of EGP 4.18 billion.

Benchmark index EGX 30 dropped by 0.88% to close the session at 9,612.9 points, with EGX 50 falling by 0.72% to 1,713.54 points.

EGX 70 dipped by 0.68% to 1,800.5 points, followed by EGX 100 by 0.72% to end today’s session at 2,661.55 points.

The turnover amounted to EGP 2.82 billion after 238.17 million shares had been exchanged through 22,577 transactions.

Wednesday’s trading closed with a market capitalization of EGP 642.37 billion, losing EGP 4.18 billion compared to Tuesday’s recorded EGP 646.55 billion.

Egyptian investors were net buyers with EGP 1.90 billion, while Arab and foreign traders were net sellers with EGP 52.28 million and EGP 1.84 billion, respectively.

The top gains of the session were by Misr Hotels with 4.03%, General Silos & Storage with 3.14%, and Arab Valves Company by 3.07%.

The largest losses of the day were by The Arab Dairy Products Co. Arab Dairy – Panda by 10.22%, AJWA for Food Industries company Egypt by 5.30%, and Marseille Almasreia Alkhalegeya For Holding Investment by 4.04%.