The Egyptian Exchange (EGX) concluded Wednesday's trading session in negative territory, witnessing a decrease in market capitalization by approximately EGP 11.78 billion due to local selling activities.
The benchmark EGX30 index experienced a decline of 0.79%, or 157.07 points, ultimately settling at 19,797.23 points by the session's end.
Similarly, the EGX 70 index, which represents small and mid-cap stocks, saw a significant decrease of 1.97%, or 76.42 points, closing at 3,799.67 points.
Moreover, the broader EGX 100 index also registered a drop, declining by 1.65%, or 94.25 points, and concluding at 5,623.93 points.
The overall market capitalization experienced a decrease of about EGP 11.78 billion, resulting in a total of EGP 1.342 trillion, compared to the previous session's value of EGP 1.353 trillion on Tuesday.
During the trading session, there was a total volume of 835.7 million shares exchanged across 100,928 transactions, amounting to a total turnover of EGP 2.9 billion.
Egyptian investors were net sellers, with a total of EGP 198.75 million in sales. In contrast, Arab and foreign investors were net buyers, with EGP 32.27 million and EGP 166.48 million in purchases, respectively.
The leading gainers of the session included National Housing for Professional Syndicates, Samad Misr - EGYFERT, and the Egyptian Modern Education Systems, with gains of 19.97%, 15.77%, and 11.96%, respectively.
Conversely, Raya Contact Center, CI Capital Holding for Financial Investments, and Copper for Commercial Investment & Real Estate Development were the session's top losers, experiencing declines of 7.91%, 6.84%, and 6.81%, respectively.
