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Sept 7 | EGX tumbles into the red with EGP 3.54B market cap loss

Today’s trading volume reached 925.72 million shares traded through 63,428 transactions with a turnover of at EGP 1.60 billion

By: Business Today Egypt

Wed, Sep. 7, 2022

The Egyptian Exchange (EGX) fell into the red after seeing a 3-day green streak, losing EGP 3.54 billion in market capitalization.

Benchmark index EGX 30 fell by 0.94% to 10,232.29 points, with EGX 50 following with a decline of 0.50% to 1,951.09 points.

EGX 70 was down by 0.61% to 2,262.65 points, while EGX 100 dropped by 0.66% to 3,239.35 points.

Today’s trading volume reached 925.72 million shares traded through 63,428 transactions with a turnover of at EGP 1.60 billion.

Market capitalization value recorded EGP 700.17 billion, losing EGP 3.54 billion compared to yesterday’s EGP 703.71 billion.

Trading on securities saw Egyptian and Arab investors as net buyers with EGP 88.66 million and EGP 7.99 million, respectively. Foreign investors were net sellers with EGP 96.66 million.

The top gains of the session were by Odin for Investment & Development which climbed by 18.18%, EL Ezz Aldekhela Steel – Alexandria by 15.78%, and Belton Financial Holding by 11.97%.

The biggest losses of the session were by Northern Upper Egypt Development & Agricultural Production which fell by 14.5%, General Company For Land Reclamation, Development & Reconstruction by 8.31%, and Rowad Tourism (Al Rowad) by 4.98%.