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EGX ends Wednesday in red; market cap loses EGP 6.6bn

EGX ends Wednesday in red; market cap loses EGP 6.6bn
The market’s turnover amounted to EGP 547.8 million

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in the red territory, pressured by foreign selloffs.

The benchmark EGX30 index retreated by 1.47%, ending the session at 10,205 points.

Likewise, the EGX70 EWI fell by 1.04% to 1,128 points, while the EGX100 EWI decreased by 1.33% to 1,827 points.

The EGX50 index went down by 1.3% to close at 1,492 points.

The market cap value lost EGP 6.6 billion to EGP 543.73 billion.

In addition, the market’s turnover amounted to EGP 547.8 million after 200.6 million shares were exchanged through about 20,130 transactions.

Egyptian and Arab investors were net buyers with EGP 25.3 million and about EGP 487,000, respectively, while foreign investors were net sellers with EGP 25.8 million.