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April 6. EGX avoids red zone by 1 index, adds LE2.4B to market cap.

Market capitalization gained around LE 2.4 billion, recording LE 637.89 billion, compared to LE 635.49 billion in Monday’s session

By: Business Today Egypt

Tue, Apr. 6, 2021

The Egyptian Exchange (EGX) closed on a mixed-note, with all but EGX 30 in the red, adding around LE 2.4 billion to market capitalization.

EGX 30, the only index in the positive side of things, barely made it into the green by 0.06 percent, or 6.3 points, to end at 10,263.22 points.

EGX 50 declined 1.11 percent, or 21.57 points, to end at 1,925.63 points. EGX 70 decreased 1.71 percent, or 32 points, to close at 1,836.52 points, while EGX 100 lessened 1.17 percent, or 32.64 points, to close at 2,750.69 points.

Market capitalization gained around LE 2.4 billion, recording LE 637.89 billion, compared to LE 635.49 billion in Monday’s session.

The trading volume reached 499.03 million shares, traded through 36,381 transactions, with a turnover of LE 916.17 million.

Net buyers were Egyptian investors at LE 54.86 million, with Egyptian, Arab and foreign individuals also buying at LE 37.5 million, LE 19.03 million and LE 22.57 million, respectively.

Arab and foreign investors were net sellers at LE 9.46 million and LE 45.4 million, respectively.

Arab and foreign organizations sold at LE 28.48 million, and LE 67.96 million, respectively, while Egyptian organizations bought at LE 17.35 million.

Top gains of the session were by Marsa Marsa Alam for Tourism Development which climbed 8.86 percent, Raya Holding for Financial Investments by 6.25 percent, and Nozha International Hospital by 5.15 percent.

Top drops of the session were by Emerald Real Estate Investment which declined 8.99 percent, Speed Medical by 8.91 percent, and Medical Packaging Company by 8.86 percent. 

On Monday, EGX ended trading in red, as: dropped 1.54 percent, EGX 50 declined 4.20 percent, EGX 70 decreased 6.27 percent, and EGX 100 lessened 4.94 percent.