COOKIE NOTICE

We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy

April 7. EGX still mixed, sees new IPO since December 2019

The trading volume reached 427.98 million shares, traded through 31,849 transactions, with a turnover of LE 1.01 billion

By: Business Today Egypt

Wed, Apr. 7, 2021

The Egyptian Exchange (EGX) continues its semi-regression, with all but 1 index in the red, losing around LE 1.3 billion of market capitalization.

EGX 30 dipped 0.35 percent, or 35.55 points, to end at 10,227.67 points, with EGX 50 declining 0.42 percent, or 8.03 points, to end at 1,917.6 points. EGX 100 inched down 0.09 percent, or 2.4 points, to close at 2,748.29 points.

EGX 70 was the only index in the green increasing 0.20 percent, or 3.76 points, to close at 1,840.28 points.

Taaleem Management Services officially broke the 15-month IPO drought today, ending its first day as an EGX listed company with shares going up to LE 6.10 after opening at LE 5.75. 

Market capitalization lost around LE 1.3 billion, recording LE 636.57 billion, compared to LE 637.89 billion in Tuesday’s session.

The trading volume reached 427.98 million shares, traded through 31,849 transactions, with a turnover of LE 1.01 billion.

 Net buyers were Arab and foreign investors at LE 16.7 million, and LE 13.64 million, respectively. Arab and foreign individuals were also buyers at LE 13.35 million, and LE 48,736, respectively.

Net sellers were Egyptian individuals and investors selling at LE 92.28 million and LE 30.39 million, respectively.

Egyptian, Arab and foreign organizations bought at LE 63.89 million, LE 3.39 million, and LE 13.59 million, respectively. 

Misr Cement (Qena), El Obour Real Estate Investment, and South Valley Cement were top gainers of the session at 9.02 percent, 8.61 percent and 8.42 percent, respectively.

Meanwhile, Grand Investment Capital, Marsa Alam for Tourism Development, and Acrow Misr were top losers of the session by 9.16 percent, 7.75 percent, and 7.61 percent, respectively.

On Tuesday, EGX ended trading on mixed note, as: EGX30 inched up 0.06 percent, while EGX 50 declined 1.11 percent, EGX 70 decreased 1.71 percent, and EGX 100 lessened 1.17 percent.