EGX shows mixed performance Wednesday, market cap. loses LE 1.3B

CAIRO – 7 April 2021: The Egyptian Exchange (EGX) ended Wednesday in a semi-collective regression, losing around LE 1.3 billion of market capitalization, amid Egyptian selling.

The benchmark EGX30 dipped 0.35 percent, or 35.55 points, to end at 10,227.67 points.

The equally weighted index EGX 50 declined 0.42 percent, or 8.03 points, to end at 1,917.6 points, and the broader index EGX 100 inched down 0.09 percent, or 2.4 points, to close at 2,748.29 points.

On the other hand, the small and mid-cap index EGX 70 increased 0.20 percent, or 3.76 points, to close at 1,840.28 points.

Market capitalization lost around LE 1.3 billion, recording LE 636.57 billion, compared to LE 637.89 billion in Tuesday’s session.

The trading volume reached 427.98 million shares, traded through 31,849 transactions, with a turnover of LE 1.01 billion.

Egyptian investors were net sellers at LE 30.39 million, while Arab and foreign investors were net buyers at LE 16.7 million, and LE 13.64 million, respectively.

Arab and foreign individuals were net buyers at LE 13.35 million, and LE 48,736, respectively, while Egyptian individuals were net sellers at LE 92.28 million.

Egyptian, Arab and foreign organizations bought at LE 63.89 million, LE 3.39 million, and LE 13.59 million, respectively.

Misr Cement (Qena), El Obour Real Estate Investment, and South Valley Cement were top gainers of the session at 9.02 percent, 8.61 percent and 8.42 percent, respectively.

Meanwhile, Grand Investment Capital, Marsa Alam for Tourism Development, and Acrow Misr were top losers of the session by 9.16 percent, 7.75 percent, and 7.61 percent, respectively.

On Tuesday, EGX ended trading on mixed note, as: EGX30 inched up 0.06 percent, while EGX 50 declined 1.11 percent, EGX 70 decreased 1.71 percent, and EGX 100 lessened 1.17 percent.