EGX ends Monday in red, market cap. loses LE4.9B

CAIRO – 8  March 2021: The Egyptian Exchange (EGX) ended Monday session in red, losing LE 4.9 billion of market capitalization, amid Egyptian and Arab selling.

The benchmark EGX30 decreased 0.85 percent, or 98.34 points, to end at 11,459.51 points.

The equally weighted index EGX 50 dipped 0.77 percent, or 17.7 points, to end at 2,278.21 points.

The small and mid-cap index EGX 70 dropped 0.94 percent, or 21.09 points, to close at 2,227.49 points, and the broader index EGX 100 lessened 0.93 percent, or 30.57 points, to close at 3,247.64 points.

Market capitalization lost around LE 4.9 billion, recording LE 696.85 billion, compared to LE 701.75 billion in Sunday’s session.

The trading volume reached 506.43 million shares, traded through 43,724 transactions, with a turnover of LE 1.32billion. 

Foreign investors were net buyers at LE 18.8 million, while Egyptian and Arab investors were net sellers at LE 10.68million, and LE 8.12 million, respectively.

Egyptian, and foreign individuals were net sellers at LE 21.34 million, and LE 1.49 million, respectively, while Arab individuals were at buyers at LE 11.09 million.

Egyptian, and Arab organizations bought at LE 10.66 million, and LE 7.7 million, respectively, while foreign investors sold at LE 6.62 million.

TransOceans Tours, Egypt for Pourtly, and Rakta Paper Manufacturing were top gainers of the session at 7.25percent, 6.70 percent and 6.47 percent, respectively. 

Meanwhile, El Obour Real Estate Investment, Nasr Company for Civil Works, and Giza General Contracting were top losers of the session by 9.99 percent, 5.71 percent, and 5.10 percent, respectively.