EGX flags in red for fifth session in row

CAIRO – 4  March 2021: The Egyptian Exchange (EGX) ends Thursday in red, marking a whole-red week, losing LE 977.19 million of market capitalization, amid Arab and foreign selling.

The benchmark EGX30 decreased 0.52 percent, or 59.39 points, to end at 11,333.86 points.

The equally weighted index EGX 50 dipped 0.10 percent, or 2.22 points, to end at 2,236.53 points.

The small and mid-cap index EGX 70 dropped 0.24 percent, or 5.21 points, to close at 2,185.69 points, and the broader index EGX 100 lessened 0.15 percent, or 4.81 points, to close at 3,198.81 points.

Market capitalization lost around LE 977.19 million, recording LE 689.86 billion, compared to LE 690.84 billion in Wednesday’s session.

The trading volume reached 537.68 million shares, traded through 40,181 transactions, with a turnover of LE 1.16 billion. 

Egyptian investors were net buyers at LE 36.88 million, while Arab and foreign investors were net sellers at LE 1.99 million, and LE 34.89 million, respectively.

Egyptian, and Arab individuals were net buyers at LE 118.8 million, and LE 5.86 million, respectively, while foreign individuals were at sellers at LE 3.95 million.

Egyptian, Arab and foreign organizations sold at LE 81.92 million, LE 7.86 million, and LE 30.94 million, respectively.

El Ahram Co. for Printing and Packing, Porto Group, and Giza General Contracting were top gainers of the session at 8.78 percent, 7.59 percent and 7.59 percent, respectively. 

Meanwhile, Ismailia Development and Real Estate Co, El Obour Real Estate Investment, and Sinai Cement were top losers of the session by 9.69 percent, 8.99 percent, and 6.99 percent, respectively.

On Wednesday, EGX ended the session in red, EGX30 inched down 0.68 percent, EGX 50 dipped 3.33 percent, EGX 70 dropped 4.47 percent, and EGX 100 lessened 3.68 percent.