Egypt’s stocks slumped during the closing session of Wednesday incurring losses totaled nearly EGP 3 billion amid local selling pressures. The benchmark index has ended below 5520 pts.
The Egyptian Exchange indices were wavering in red notes during the closing session of Wednesday.
Egypt’s benchmark index EGX30 inched down by 0.59% to close at 5515.82 pts; while the EGX20 tumbled by 0.59% to end at 6415.82 p.
Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.12% to conclude at 475.32 p. The price index EGX100 dropped by 0.22% to finish at 794.85 p.
The capital market has closed at EGP 371.916 billion on Wednesday.
Declining Traded Volumes & Trades
Through the closing session of Wednesday, the trading volume has reached 89.595 million securities. For the traded value, it hit EGP 353.258 million, exchanged through 24.330 thousand transactions.
Also during the closing session, 175 listed securities have been traded in; 94 declined, 51 advanced; while 30 keeping their previous levels.
Egyptian investors went through profit-taking phase leading to EGX’s closing losses. Egyptians were net sellers seizing 97.54% of the total market, with a net equity of EGP 24.119 million, excluding the deals.
Meanwhile, the non-Arab foreigners and Arabs were net sellers seizing 1.44% and 1.02% respectively, of the total market, with net equities of EGP 20.692 million and EGP 3.427 million, excluding the deals.