EGX ends Wednesday in red, market cap. loses LE 4.29B

CAIRO – 28 April 2021: The Egyptian Exchange (EGX) ended Wednesday session in red, losing around LE 4.29 billion of market capitalization, amid foreign selling.

The benchmark EGX30 declined 1.10 percent, or 116.16 points, to end at 10,475.26 points.

The equally weighted index EGX 50 dipped 1.12 percent, or 23.16 points, to end at 2,043.02 points.

Moreover, the small and mid-cap index EGX 70 decreased 1.01 percent, or 20.97 points, to close at 2,058.98 points, and the broader index EGX 100 lessened 0.98 percent, or 29.33 points, to close at 2,974.07 points.

Market capitalization lost around LE 4.29 billion, recording LE 650.07 billion, compared to LE 655 billion in Tuesday’s session.

The trading volume reached 321.87 million shares, traded through 32,214 transactions, with a turnover of LE 794.55 million.

Foreign investors were net sellers at LE 39.3 million, while Egyptian and Arab investors were net buyers at LE 7.24 million, and LE 32.05 million, respectively.

Arab and foreign individuals were net buyers at LE 30.22 million, and LE 830,520, respectively, while Egyptian individuals were net sellers at LE 26.58 million.

Egyptian and Arab organizations bought at LE 33.8 million, and LE 1.83 million, respectively, while foreign individuals sold at LE 40.13 million.

Minapharm Pharmaceuticals, Arab Moltaka Investments Co, and Nozha International Hospital were top gainers of the session at 9.96 percent, 8.81 percent and 8.64 percent, respectively.

Meanwhile, El Obour Real Estate Investment, El Ahram Co. for Printing and Packing and El Arabia Engineering Industries were top losers of the session by 6.72 percent, 4.89 percent, and 4.78 percent, respectively.

On Tuesday, EGX ended session in green, as: EGX30 rose 0.62 percent, EGX 50 rose 0.38 percent, EGX 70 increased 0.65 percent, and EGX 100 jumped 0.58 percent.

Egypt’s banks and bourse will be off from Thursday, April 29, till Monday, May 3, according to the Egyptian Exchange (EGX) and the Central Bank of Egypt (CBE).

These holidays come in celebration of Sinai Liberation Day Holiday which marks Thursday, April 29, Easter Holiday, on Sunday, May 2, and Sham El Nessim Holiday on Monday, May 3.

Trading will be resumed on Tuesday, May 4.