EGX ends Wednesday on mixed note, market cap. loses LE 2.89B

CAIRO - 26 May 2021: The Egyptian Exchange (EGX) ended Wednesday’s session on mixed note, losing around LE 2.89 million of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 decreased 1.54 percent, or 162.26 points, to end at 10,369.57 points.

On the other hand, the equally weighted index EGX 50 hiked 1.48 percent, or 31.37 points, to end at 2,153.56 points.

The small and mid-cap index EGX 70 rose 2.01 percent, or 43.65 points, to close at 2,166.69 points, and the broader index EGX 100 jumped 1.46 percent, or 45.19 points, to close at 3,135.56 points.

Market capitalization lost around LE 2.89 billion, recording LE 655.74 billion, compared to LE 658.63 billion in Tuesday’s session.

The trading volume reached 617.14 million shares, traded through 48,191 transactions, with a turnover of LE 1.4 billion.

Egyptian investors were net buyers at LE 116.95 million, while Arab and foreign investors were net sellers at LE 2.79 million, and LE 114.16 million, respectively.

Egyptian, Arab and foreign individuals were net buyers at LE 108.55 million, LE 5.46 million, and LE 1.28 million, respectively.

Arab and foreign organizations sold at LE 8.25 million, and LE 115.45 million, respectively, while Egyptian organizations bought at LE 8.4 million.

Belton Financial Holding, Development & Engineering Consultants, and Contact Financial Holding, were top gainers of the session at 18.18 percent, 11.18 percent and 9.59 percent, respectively.

Meanwhile, Universal for Paper and Packaging Materials (Unipack), Saudi Egyptian Investment & Finance, and Cairo for Investment and Real Estate Development were top losers of the session by 7.09 percent, 5.27 percent, and 3.99 percent, respectively.