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EGX suffers bearish trading on Tuesday

EGX suffers bearish trading on Tuesday

ArabFinance: The Egyptian Exchange’s (EGX) indices ended in the red territory on Tuesday with a market cap of EGP 952.613 billion.

The benchmark EGX30 index lost 1.46%, finishing the session at 14,523.26 points, while the EGX50 EWI index declined by 0.46%, to stand at 2,594.57 points.

The small- and mid-cap EGX70 equal-weight index (EWI) declined by 0.59%, reaching 2,797.04 points, while the EGX100 shed 0.53%, ending the session at 4,137.93 points.

Trading volume amounted nearly to 898.267 million shares exchanged through 80,143 transactions at a turnover of EGP 2.6 billion.

Retail investors controlled 66.36% of total trading transactions, while institutional investors made up 33.63% of trading.

Egyptian traders made up 86.68% of total trading transactions, while Arab and foreign investors accounted for 8.6% and 4.73%, respectively.

Non-Arab foreign and Arab traders were net buyers with EGP 114.391 million and EGP 73.484 million, respectively, while Egyptian investors were net sellers with EGP 187.875 million.

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