EGX Sees Bearish Trend on Wednesday

The Egyptian Exchange’s (EGX) indices closed Wednesday’s trading session in the red zone, with market capitalization at EGP 1.911 trillion.

The benchmark EGX30 index lost 0.63%, to close at 28,287.98 points.

The small- and mid-cap EGX70 equal-weight index (EWI) edged down by 0.57% at 6,278.65 points, while the EGX100 index shed 0.59%, ending the session at 9,095.52 points.

The Sharia-compliant index, EGX33 Shariah index, rose by 0.81%, closing the session at 2,733.8 points.

Today’s trading saw 1.044 million shares exchanged over 93,139 transactions, generating a turnover of EGP 24.493 billion.

Retail investors seized 21.83% of total trading transactions, while institutional investors made up 78.16% of trading.

Egyptian traders constituted 45.26% of total trading transactions, while Arab and foreign investors accounted for 48.07% and 45.26%, respectively.

Egyptian and foreign traders were net sellers with EGP 16.238 billion and EGP 2.948 billion, respectively. Arab investors were net purchasers with EGP 19.186 billion.