EGX continues trading in red zone for 3rd session in row

CAIRO – 29 September 2021: The Egyptian Exchange (EGX) traded in red during Wednesday for the third consecutive session, losing around LE 1.85 billion of market capitalization, amid foreign selling.

The benchmark EGX30 declined 0.53 percent, or 55.64 points, to end at 10,391.14 points.

The equally weighted index EGX 50 dipped 0.42 percent, or 9.56 points, to end at 2,284.91 points.

The small and mid-cap index EGX 70 dropped 0.35 percent, or 9.46 points, to close at 2,699.85 points, and the broader index EGX 100 decreased 0.24 percent, or 8.82 points, to close at 3,631.95 points.

Market capitalization lost around LE 1.85 billion, recording LE 696.37 billion, compared to LE 698.23 billion in Tuesday’s session.

The trading volume reached 317.66 million shares, traded through 38,620 transactions, with a turnover of LE 986.43 million.

Foreign investors were net sellers at LE 35.04 million, while Egyptian and Arab investors were net buyers at LE 30.15 million, and LE 4.88 million, respectively.
 

Egyptian  and foreign individuals were net buyers at LE 76.7 million, and LE 2.33 million, respectively, while Arab individuals were net sellers at LE 4.47 million.

Egyptian and foreign organizations sold at LE 45.55 million, and LE 37.36 million, respectively, while Arab organizations bought at LE 9.35 million.

Alexandria Mineral Oils Company, El Ahli Investment and Development, and El Shams Housing & Urbanization were top gainers of the session at 7.65 percent, 7.35 percent and 7.09 percent, respectively.

Meanwhile, Mansourah Pourtly, CI Capital Holding for Financial Investments, and Ismailia Development and Real Estate Co were top losers of the session by 10.83 percent, 4.89 percent, and 4.53 percent, respectively.

EGX ended Tuesday in red, as: EGX30 declined 0.47 percent, EGX 50 dipped 0.51 percent, EGX 70 dropped 0.52 percent, and EGX 100 decreased 0.54 percent.