Red dominates EGX trading Sunday, market cap. loses LE5.28B


Sun, 28 Feb 2021 - 02:25 GMT

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

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

CAIRO – 28 February 2021: The Egyptian Exchange (EGX) ended Sunday’s session in red, losing LE 5.28 billion of market capitalization, amid foreign selling.


The benchmark EGX30 declined 0.80 percent, or 92.89 points, to end at 11,525.02 points.


The equally weighted index EGX 50 dipped 1.46 percent, or 34.71 points, to end at 2,344.46 points.


The small and mid-cap index EGX 70 dropped 2.12 percent, or 50.58 points, to close at 2,333.88 points, and the broader index EGX 100 decreased 1.60 percent, or 54.63 points, to close at 3,369.89 points.


Market capitalization lost around LE 5.28 billion, recording LE 704.02 billion, compared to LE 709.3 billion in Thursday’s session.


The trading volume reached 875.9 million shares, traded through 50,335 transactions, with a turnover of LE 1.59 billion. 


Foreign investors were net sellers at LE 39.95 million, while Egyptian and Arab investors were net buyers at LE 20.55 million, and LE 19.95 million, respectively.


Egyptian, Arab and foreign individuals were net sellers at LE 30.68 million, LE 6.52 million, and LE 2.22 million, respectively.


Egyptian and Arab organizations bought at LE 51.23 million, and LE 25.93 million, respectively, while foreign organization sold at LE 37.73 million.


Egyptian Iron & Steel, Al Arafa for Investment and Consultancies, and Marsa Marsa Alam for Tourism Development were top gainers of the session at 10.98 percent, 10.43 percent and 9.87 percent, respectively. 


Meanwhile, Alexandria National Company for Financial Investment, Osool ESB Securities Brokerage, and Speed Medical were top losers of the session by 9.99 percent, 9.40 percent, and 9.04 percent, respectively.


On Thursday, EGX ended the session in green, EGX30 increased 1.60 percent, EGX 50 jumped 0.97 percent, EGX 70 climbed 0.93 percent, and EGX 100 rose 1.14 percent




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