EGX ends Wednesday in red, market cap. loses LE 5.69B

CAIRO – 31 March 2021: The Egyptian Exchange (EGX) ended Wednesday’s session in red, losing LE 5.69 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dropped 1.60 percent, or 171.32 points, to end at 10,568.37 points.

The equally weighted index EGX 50 declined 0.94 percent, or 19.34 points, to end at 2,034.16 points.

The small and mid-cap index EGX 70 decreased 0.94 percent, or 18.76 points, to close at 1,969.08 points, and the broader index EGX 100 lessened 1.02 percent, or 29.98 points, to close at 2,910.53 points.

Market capitalization lost around LE 5.69 billion, recording LE 649.89 billion, compared to LE 655.58 billion in Tuesday’s session.

The trading volume reached 584.44 billion shares, traded through 38,626 transactions, with a turnover of LE 1.21 billion.

Foreign investors were net sellers at LE 144.98 million, while Egyptian and Arab investors were net sellers at LE 78.13 million, and LE 66.85 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 50.99 million, LE 76.13 million, and LE 8.92 million, respectively.

Arab and foreign organizations sold at LE 9.28 million, and LE 153.89 million, respectively, while Egyptian organizations bought at LE 27.14 million.

El Obour Real Estate Investment, Delta Construction & Rebuilding, and Ceramic & Porcelain    were top gainers of the session at 8.90 percent, 8.87 percent and 8.64 percent, respectively.

Meanwhile, Alexandria National Company for Financial Investment, Gulf Canadian Real Estate Investment Co., and Fawry for Banking Technology and Electronic Payment were top losers of the session by 9.94 percent, 8.17 percent, and 4.39 percent, respectively.

On Tuesday, EGX ended trading on mixed note, as: EGX30 inched up 0.01 percent, EGX 50 rose 1.56 percent, EGX 70 hiked 1.81 percent, and EGX 100 climbed 1.37 percent.