June 22. EGX sees mixed performance as EGX70 lands in the red

Market capitalization gained around LE 4.76 billion, recording LE 649.01 million, compared to LE 644.25 billion in Monday’s session

By: Business Today Egypt

Tue, Jun. 22, 2021

The Egyptian Exchange (EGX) closed trading today in a semi-collective rise, adding around LE 4.76 million to market capitalization, amid foreign selling.

The benchmark EGX30 rose 1.44 percent, or 144.66 points, to end at 10,206.24 points.

The equally weighted index EGX 50 increased 0.41 percent, or 8.99 points, to end at 2,219.18 points, , and the broader index EGX 100 inched up 0.17 percent, or 5.57 points, to close at 3,322.36 points.

On the other hand, the small and mid-cap index EGX 70 declined 0.45 percent, or 10.77 points, to close at 2,360.66 points.

Market capitalization gained around LE 4.76 billion, recording LE 649.01 million, compared to LE 644.25 billion in Monday’s session.

The trading volume reached 569.43 million shares, traded through 58,496 transactions, with a turnover of LE 1.71 billion.

Egyptian investors were net sellers at LE 63.68 million, while Arab and foreign investors were net buyers at LE 44.72 million, and LE 18.96 million, respectively.

Egyptian and foreign individuals were net sellers at LE 40.69 billion, and LE 3.38 million, respectively, while Arab investors were net buyers LE 54.18 million.

Egyptian and Arab organizations sold at LE 22.99 million, and LE 22.34 million, respectively, while foreign organizations bought at LE 22.34 million.

General Company for Land Reclamation, Development & Reconstruction, T M G Holding, and Gharbia Islamic Housing Development were top gainers of the session at 10 percent, 8.50 percent and 8.42 percent, respectively.

Meanwhile, The Arab Ceramic CO.- Ceramica Remas, The Egyptian Company for Construction Development-Lift Slab, and Gulf Canadian Real Estate Investment Co. were top losers of the session by 9.99 percent, 9.11 percent, and 7.70 percent, respectively.