EGX sees downward trend on Wednesday
Updated 4/24/2024 3:00:00 PM
Arab Finance: The Egyptian Exchange (EGX) has ended Wednesday’s trading session in the red zone as all the main indices saw a bearish trend.
Market capitalization closed the session at EGP 1.768 trillion.
The benchmark EGX30 index shed 3.21%, recording 25,917.59 points.
The small- and mid-cap EGX70 equal-weight index (EWI) lost 3.49% to end the session at 5,997.17 points, while the EGX100 EWI declined by 3.48%, notching 8,510.24 points.
Today’s trading saw 901.601 million shares exchanged over 119,701 transactions, with a turnover of EGP 3.754 billion.
As for investors’ trading activity, retail investors controlled 66.75% of total trading transactions, while institutional investors made up 33.24% of trading.
Egyptian traders constituted 88.67% of total trading transactions, while Arab and foreign investors accounted for 5.36% and 5.96%, respectively.
During the session, foreign traders were net buyers with EGP 221.474 million. Egyptian and Arab investors were net sellers with EGP 122.598 million and EGP 98.875 million, respectively.
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