The Egyptian Stock Exchange ended the trading session on Tuesday, October 6, with a collective decline in indicators, after the market trend changed compared to the positive performance that appeared during part of the trading, with the market capital recording a loss of about 50 billion pounds at the end of the session.
The EGX30 index closed lower By 0.48% at the level of 53,298 points, while the EGX70 fell by 0.68% to 19,642 points, and the EGX100 fell by 0.69% to close at 25,953 points, according to the end-of-session data published after the close.
According to the same source, the market capitalization of restricted shares declined to about 4.213 trillion pounds, compared to... By about 4.263 trillion pounds in the previous closing, equivalent to a loss of approximately 50 billion pounds during the session. The trading value amounted to about 9 billion pounds.
Investor transactions data show that foreign investors recorded net sales of approximately 142.6 million pounds, and Arabs also recorded net sales of approximately 65.4 million pounds, on the other hand, the Egyptians recorded a net purchase of about 208 million pounds.
Egyptian investors accounted for about 84.57% of transactions, compared to 8.71% for Arabs and 6.72% for foreigners, according to published session data.
The notable performance during Tuesday was the change in market direction within the session itself. In the middle of trading, the indices had recorded an increase, with support from purchases by Egyptian investors, while selling pressure from Arabs and foreigners continued. “Akhbar Al-Youm” reported midway through the session that the trading value exceeded 3.4 billion pounds within about two hours.
But the picture It changed before closing, and the session ended with a decline in the three main indices and an expansion of the list of declining stocks.
According to the figures at the end of the session, the prices of 64 stocks rose, compared to a decline of 146 stocks, while 11 securities remained unchanged. These numbers show that the pressure was not limited to A single stock or sector, but rather a broad range of the market.
For the investor, the direction of liquidity remains more important than reading the index movement alone. The market rising in the middle of the session and then closing lower could reflect a change in the strength of demand and supply as trading hours progress, especially when The move coincides with a net sale from outside investment classes.
But one session alone is not enough to determine a medium or long-term trend. Following the following sessions, the performance of leading stocks, and the distribution of liquidity between sectors will determine whether Tuesday’s decline was a short-term movement or not The beginning of wider pressure.
The relatively high trading value also gives the market movement additional importance, because it means that the decline occurred in the presence of clear activity and not only in a weakly liquid session.
