EGX sees bearish trend on Tuesday
Updated 3/7/2023 3:04:00 PM
Arab Finance: The Egyptian Exchange’s (EGX) indices closed Tuesday’s trading session in the red zone.
The benchmark EGX30 index plunged by 2.21%, finishing the session at 16,432.56 points.
The small- and mid-cap EGX70 equal-weight index (EWI) fell by 1.86% to 3,010.05 points.
Meanwhile, the EGX100 index dropped by 1.92% to 4,447.98 points, while the EGX50 EWI shed 2.04% to 2,853.04 points.
Trading volume amounted to nearly 455.988 million shares exchanged through 70,006 transactions at a turnover of EGP 1.882 billion.
Market capitalization closed today’s trading session at EGP 1.062 trillion.
Retail investors controlled 65.01% of total trading transactions, while institutional investors made up 34.98% of trading.
Egyptian traders made up 78.68% of total trading transactions, while Arab and foreign (non-Arab) investors made up 9.75% and 11.57% respectively.
Egyptian traders were net buyers with EGP 355.197 million, while Arab and foreign investors were net sellers with EGP 50.573 million and EGP 304.624 million, respectively.
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