EGX starts week in red, market cap. loses LE 6.5B

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Sun, 04 Apr 2021 - 04:27 GMT

BY

Sun, 04 Apr 2021 - 04:27 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 4 April 2021: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing around LE 6.49 billion of market capitalization, amid foreign selling.

 

The benchmark EGX30 dropped 1.40 percent, or 147.73 points, to end at 10,417.15 points.

 

The equally weighted index EGX 50 declined 1.50 percent, or 30.9 points, to end at 2,032.53 points.

 

The small and mid-cap index EGX 70 decreased 1.02 percent, or 20.45 points, to close at 1,993.47 points, and the broader index EGX 100 lessened 1.19 percent, or 35.41 points, to close at 2,927.83 points.

 

Market capitalization lost around LE 6.49 billion, recording LE 646.02 billion, compared to LE 652.52 billion in Thursday’s session.

 

The trading volume reached 484.99 billion shares, traded through 36,229 transactions, with a turnover of LE 789.24 million.

 

Foreign investors were net sellers at LE 16.18 million, while Egyptian and Arab investors were net buyers at LE 12.56 million, and LE 3.62 million, respectively.

 

Egyptian, Arab and foreign individuals were net buyers at LE 15.07 million, LE 3.34 million, and LE 6.65 million, respectively.

 

Egyptian and foreign organizations sold at LE 2.5 million, and LE 22.83 million, respectively, while Arab organizations bought at LE 279,851.

 

Ismailia Development and Real Estate Co, Nasr Company for Civil Works, and Raya Holding for Financial Investments were top gainers of the session at 9.53 percent, 8.58 percent and 8.39 percent, respectively.

 

Meanwhile, Speed Medical, Reacap Financial Investments, and Atlas for Investment and Food Industries were top losers of the session by 12.04 percent, 7.44 percent, and 6.74 percent, respectively.

 

On Thursday, EGX ended trading on mixed note, as: EGX30 inched down 0.03 percent, while EGX 50 rose 1.44 percent, EGX 70 increased 2.28 percent, and EGX 100 hiked 1.81 percent.

 

 

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