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March 8| EGX indices end session on mixed note, market cap. loses EGP5.14B

The benchmark EGX30 decreased 0.71 percent, or 116.94 points, to end at 16,315.62 points.

Wed, Mar. 8, 2023

The Egyptian Exchange (EGX) ended Wednesday’s session in a semi-collective regression, losing around EGP 5.14 billion of the market capitalization, amid Arab and foreign selling.
The benchmark EGX30 decreased 0.71 percent, or 116.94 points, to end at 16,315.62 points.
The equally weighted index EGX 50 declined 0.84 percent, or 23.98 points, to end at 2,829.06 points, and the broader index EGX 100 dropped 0.23 percent, or 10.35 points, at 4,437.63 points.
On the other hand, the small and mid-cap index EGX 70 rose 0.35 percent, or 10.55 points, to close at 3,020.6 points.
Market capitalization lost around EGP 5.14 billion, recording EGP 1.057 trillion, compared to EGP  1.062 trillion in Tuesday’s session.
The trading volume reached 376.71 million shares, traded through 61,456 transactions, with a turnover of EGP 1.62 billion.
Egyptian investors were net buyers at EGP 163.11 million, while Arab and foreign investors were net sellers at EGP 74.43 million, and EGP 88.68 million, respectively.
Egyptian and foreign individuals were net buyers at EGP 1.38 million, and EGP 19.24 million, respectively, while Arab individuals were net sellers at EGP 24.15 million.
Arab and foreign organizations sold at EGP 50.27 million, and EGP 107.93 million, respectively, while Egyptian organizations bought at EGP 161.73 million.
Cairo Poultry, Nasr Company for Civil Works, and Misr National Steel - Ataqa were top gainers of the session at 11.60 percent, 9.13 percent and 6.88 percent, respectively.
Meanwhile, Eastern Company, Egyptian Satellites (NileSat), and Cairo for Investment and Real Estate Development were top losers of the session by 10.88 percent, 5.80 percent, and 5.38 percent, respectively.