EGX enters March with red-dominated trading

BY

Mon, 01 Mar 2021 - 02:02 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 1 March 2021: The Egyptian Exchange (EGX) continued trading in the red zone for the second session in row during Monday, losing LE 1.45 billion of market capitalization, amid Egyptian and Arab selling.

 

The benchmark EGX30 inched down 0.03 percent, or 3.64 points, to end at 11,521.38 points.

 

The equally weighted index EGX 50 dipped 0.60 percent, or 14.05 points, to end at 2,330.41 points.

 

The small and mid-cap index EGX 70 dropped 0.75 percent, or 17.62 points, to close at 2,316.26points, and the broader index EGX 100 lessened 0.56 percent, or 18.78 points, to close at 3,351.11points.

 

Market capitalization lost around LE 1.45 billion, recording LE 702.57 billion, compared to LE 704.02 billion in Sunday’s session.

 

The trading volume reached 520.11 million shares, traded through 44,224 transactions, with a turnover of LE 1.35 billion. 

 

Foreign investors were net buyers at LE 2459.95 million, while Egyptian and Arab investors were net sellers at LE 18.75 million, and LE 10.69 million, respectively.

 

Egyptian, and foreign individuals were net buyers at LE 51.78 million, and LE 139,751, respectively, while Arab individuals were net sellers at LE 24.87 million.

 

Arab and foreign organizations bought at LE 14.18 million, and LE 29.31 million, respectively, while Egyptian organization sold at LE 70.54 million.

 

Delta Sugar, The Arab Ceramic CO.- Ceramica Remas, and Reacap Financial Investments were top gainers of the session at 8.57 percent, 6.80 percent and 6.49 percent, respectively. 

 

Meanwhile, Alexandria National Company for Financial Investment, Egyptian Arabian (cmar) Securities Brokerage EAC, and Glaxo Smith Kline were top losers of the session by 9.94 percent, 9.55 percent, and 7.60 percent, respectively.

 

On Sunday, EGX ended the session in red, EGX30 declined 0.80 percent,, EGX 50 dipped 1.46 percent, EGX 70 dropped 2.12 percent, and EGX 100 decreased 1.60 percent.

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