After closing yesterday’s session in the green, the Egyptian Exchange (EGX) U-turned into the red today, closing Wednesday’s session with a market capitalization loss of EGP 3.33 billion.

Benchmark index EGX 30 dropped by 0.67% to end the session at 9,287.92 points, with EGX 50 down 0.71% to 1,698.73 points.

EGX 70 fell by 0.62% to 1,833.90 points, while EGX 100 was down by 0.68% to close at 2,686.17 points.

Today’s trading value was recorded at EGP 817.65 million, traded through 37,124 transactions at a volume of 444.67 million shares.  

The EGX market capitalization hit EGP 624.43 billion, losing EGP 3.33 billion compared to yesterday’s EGP 627.76 billion.

Trading on securities saw Egyptian investors as net sellers with EGP 1.50 million, while the Arab and foreign traders were net buyers with EGP 1.23 million and EGP 266,242, respectively.

Foreign individuals were net sellers with EGP 1.28 million, while Arab and Egyptians individuals were net buyers with EGP 15.5 million and EGP 7.78 million, respectively.

Foreign organizations were net buyers today with EGP 1.54 million. Arab and Egyptian organizations were net sellers with EGP 14.26 million and EGP 9.28 million, respectively.

The top gains of the session were by Arabian Cement Company which climbed by 10.47%, Ismailia National Food Industries by 5.23%, and Lecico Egypt by 4.09%.

The top losses of the day were by MM Group For Industry And International Trade which dropped by 4.62%, Fawry For Banking Technology And Electronic Payment by 4.01%, and Belton Financial Holding by 3.89%.