EGX ends mid-week in red, market cap. loses LE2.87B

CAIRO – 28 September 2021: The Egyptian Exchange (EGX) traded in red during Tuesday for the second consecutive session, losing around LE 2.87 billion of market capitalization, amid Egyptian selling.

The benchmark EGX30 declined 0.47 percent, or 49.22 points, to end at 10,446.78 points.

The equally weighted index EGX 50 dipped 0.51 percent, or 11.75 points, to end at 2,294.47 points.

The small and mid-cap index EGX 70 dropped 0.52 percent, or 14.23 points, to close at 2,709.31 points, and the broader index EGX 100 decreased 0.54 percent, or 19.63 points, to close at 3,640.77 points.

Market capitalization lost around LE 2.87 billion, recording LE 698.23 billion, compared to LE 701.09 billion in Monday’s session.

The trading volume reached 449.64 million shares, traded through 39,838 transactions, with a turnover of LE 1.24 billion.

Egyptian investors were net sellers at LE 63.82 million, while Arab and foreign investors were net buyers at LE 28.54 million, and LE 35.28 million, respectively.
 

Egyptian, Arab and foreign individuals were net buyers at LE 25.94 million, LE 20.58 million, and LE 339.445, respectively.

Arab and foreign organizations bought at LE 7.96 million, and LE 34.94 million, respectively, while Egyptian organizations sold at LE 89.76 million.

The Egyptian Company for Construction Development-Lift Slab, El Shams Housing & Urbanization, and El Arabia Engineering Industries were top gainers of the session at 7.74 percent, 5.99 percent and 5.61 percent, respectively.

Meanwhile, National Bank of Kuwait- Egypt- NBK, B Investments Holding, and Orascom Financial Holding were top losers of the session by 11.41 percent, 9.09 percent, and 5.48 percent, respectively.

EGX ended Monday in red, as: EGX30 declined 1.44 percent, EGX 50 dipped 2.04 percent, EGX 70 dropped 2.46 percent, and EGX 100 decreased 2.35 percent.