EGX shows mixed performance Monday, market cap. loses LE 2.79B

CAIRO – 29 March 2021: The Egyptian Exchange (EGX) ended Monday’s session on mixed note, losing LE 2.79 billion of market capitalization, amid Arab and foreign buying.

The benchmark EGX30 dipped 1.19 percent, or 129.27 points, to end at 10,738.42 points.

On the other hand, the equally weighted index EGX 50 rose 1.57 percent, or 31.29 points, to end at 2,021.9 points.

The small and mid-cap index EGX 70 hiked 2.39 percent, or 45.59 points, to close at 1,952.41 points, and the broader index EGX 100 climbed 1.54 percent, or 44.02 points, to close at 2,900.7 points.

Market capitalization lost around LE 2.79 billion, recording LE 652.58 billion, compared to LE 655.37 billion in Sunday's session.

The trading volume reached 590.06 billion shares, traded through 38,393 transactions, with a turnover of LE 1.09 billion.

Egyptian investors were net buyers at LE 39.89 million, while Arab and foreign investors were net sellers at LE 36.72 million, and LE 3.17 million, respectively.

Arab, and foreign individuals were net sellers at LE 27.6 million, and LE 1.18 million, respectively, while Egyptian individuals were net buyers at LE 114.44 million.

Egyptian, Arab, and foreign organizations sold at LE 74.55 million, LE 9.12 million, and LE 1.99 million, respectively.

The Egyptian Company for Construction Development-Lift Slab, Mansourah Pourtly, and Wadi Kom Ombo Land Reclamation were top gainers of the session at 9.82 percent, 9.76 percent and 9.47 percent, respectively.

Meanwhile, Sarwa Capital Holding, Saudi Egyptian Investment & Finance, and Gulf Canadian Real Estate Investment Co. were top losers of the session by 9.86 percent, 9.18 percent, and 7.90 percent, respectively.

On Sunday, EGX ended trading on mixed note, as: EGX30 inched down 0.03 percent, while EGX 50 rose 1.99 percent, EGX 70 hiked 3.47 percent, and EGX 100 climbed 2.43 percent.