EGX trades in red zone for 2nd session in row, market cap. loses LE 10.85B

CAIRO – 20 September 2021: The Egyptian Exchange (EGX) ended Monday in red for the second session in a row, losing around LE 10.85 billion of market capitalization, amid Egyptian selling.

The benchmark EGX30 declined 1.64 percent, or 179.09 points, to end at 10,710.56 points.

The equally weighted index EGX 50 dropped 2.65 percent, or 62.68 points, to end at 2,301.99 points.

The small and mid-cap index EGX 70 dipped 2.71 percent, or 74.86 points, to close at 2,688.86 points, and the broader index EGX 100 lessened 2.60 percent, or 97.72 points, to close at 3,655.75 points.

Market capitalization lost around LE 10.85 billion, recording LE 706.75 billion, compared to LE 717.6 billion in Sunday’s session.

The trading volume reached 347.84 million shares, traded through 47,024 transactions, with a turnover of LE 1.19 billion.

Egyptian investors were net sellers at LE 23.25 million, while Arab and foreign investors were net buyers at LE 7.36 million, and LE 15.89 million, respectively.

Egyptian and Arab individuals were net buyers at LE 82.25 million, and LE 16.66 million, respectively, while foreign organizations were net sellers at LE 2.01 million.

Egyptian, and Arab organizations sold at LE 105.5 million, and LE 9.31 million, respectively, while foreign organizations bought at LE 17.9 million.

Ceramic & Porcelain, Egyptian Real Estate Group, and Universal for Paper and Packaging Materials (Unipack) were top gainers of the session at 20 percent, 4.20 percent and 3.98 percent, respectively.

Meanwhile, Samad Misr -EGYFERT, Alexandria Flour Mills, and Osool ESB Securities Brokerage were top losers of the session by 12.19 percent, 11.47 percent, and 10.32 percent, respectively.

EGX ended Sunday in red, as: EGX30 dropped 2.86 percent, EGX 70 dipped 3.59 percent, and EGX 100 lessened 2.92 percent.