Feb 28. EGX closes month and starts week in red

Market capitalization lost around LE 5.28 billion, recording LE 704.02 billion, compared to LE 709.3 billion in Thursday’s session

By: Business Today Egypt

Sun, Feb. 28, 2021

The Egyptian Exchange (EGX) started the week of in the red, losing LE 5.28 billion of market capitalization.

EGX 30 dropped 0.80 percent, or 92.89 points, to end at 11,525.02 points, while EGX 50 declined by 1.46 percent, or 34.71 points, to end at 2,344.46 points.

EGX 70 fell 2.12 percent, or 50.58 points, to close at 2,333.88 points, with EGX 100 dropping by 1.60 percent, or 54.63 points, to close at 3,369.89 points.

Market capitalization lost around LE 5.28 billion, recording LE 704.02 billion, compared to LE 709.3 billion in Thursday’s session.

The trading volume reached 875.9 million shares, traded through 50,335 transactions, with a turnover of LE 1.59 billion. 

Net buyers of the session were Egyptian and Arab investors at LE 20.55 million, and LE 19.95 million, respectively.

Net sellers were foreign investors at LE 39.95 million, with Egyptian, Arab and foreign individuals all selling at LE 30.68 million, LE 6.52 million, and LE 2.22 million, respectively.

Egyptian and Arab organizations bought at LE 51.23 million, and LE 25.93 million, respectively, while foreign organization sold at LE 37.73 million.

Top gains of the session were by Egyptian Iron & Steel at 10.98 percent, Al Arafa for Investment and Consultancies at 10.43 percent, and Marsa Marsa Alam for Tourism Development by 9.87 percent.

Top drops of the session were by Alexandria National Company for Financial Investment by 9.99 percent, Osool ESB Securities Brokerage by 9.40 percent, and Speed Medical by 9.04 percent.

On Thursday, EGX ended the session in green, EGX30 increased 1.60 percent, EGX 50 jumped 0.97 percent, EGX 70 climbed 0.93 percent, and EGX 100 rose 1.14 percent.