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


Tue, 02 Mar 2021 - 03:19 GMT

FILE- The EGX trading session on December 12, 2017

FILE- The EGX trading session on December 12, 2017

CAIRO – 2  March 2021: The Egyptian Exchange (EGX) ended Tuesday in red, marking the third consecutive regression in row, losing LE 2.13 billion of market capitalization, amid foreign selling.


The benchmark EGX30 decreased 0.43 percent, or 49.99 points, to end at 11,471.39 points.


The equally weighted index EGX 50 dipped 0.63 percent, or 14.63 points, to end at 2,315.78 points.


The small and mid-cap index EGX 70 dropped 0.99 percent, or 22.94 points, to close at 2,293.32 points, and the broader index EGX 100 lessened 0.75 percent, or 24.97 points, to close at 3,326.14 points.


Market capitalization lost around LE 2.13 billion, recording LE 700.45 billion, compared to LE 702.57 billion in Monday’s session.


The trading volume reached 628.78 million shares, traded through 52,202 transactions, with a turnover of LE 1.67 billion. 


Foreign investors were net sellers at LE 25.41 million, while Egyptian and Arab investors were net buyers at LE 6.47 million, and LE 18.94 million, respectively.


Egyptian, Arab and foreign individuals were net buyers at LE 152.65 million, LE 15.64 million, and LE 907,064, respectively.


Egyptian and foreign organizations sold at LE 146.18 million, and LE 26.32 million, respectively, while Arab organization sold at LE 3.31 million.


Reacap Financial Investments, Cairo Educational Services, and Rubex International for Plastic and Acrylic Manufacturing were top gainers of the session at 9.29 percent, 8.85 percent and 8.74 percent, respectively. 


Meanwhile, Marsa Marsa Alam for Tourism Development, Golden Textiles & Clothes Wool, and Mohandes Insurance were top losers of the session by 9.04 percent, 7.05 percent, and 6.97 percent, respectively.


On Monday, EGX ended the session in red, EGX30 inched down 0.03 percent, EGX 50 dipped 0.60 percent, EGX 70 dropped 0.75 percent, and EGX 100 lessened 0.56 percent.



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