Stock Market News Today, Sunday 5-6-2022

The Egyptian stock market news fluctuated during today’s trading session, Sunday 5-6-2022, the most prominent of which was the variation of the Egyptian Stock Exchange indices, at the end of the trading session today, Sunday, the beginning of the week’s sessions 70 and EGX 100 , amid weak trading volumes, and the market capitalization gained £ 204 million, closing at £ 659.918 billion.

4 shares suspended

The management of the Egyptian Stock Exchange has announced the suspension of trading on 4 stocks for a period of 10 minutes, for exceeding the percentage of up or down 5% during today’s trading session, and they are; Beltone Financial Holding, United Housing and Development, Egyptian Gulf Marseilia Real Estate Investment, MB Engineering.

The stock market wins £ 204 million

The Egyptian stock exchange indices fluctuated, at the end of trading today, Sunday, the beginning of the week’s sessions, as the main index fell for the second consecutive session, under pressure from the decline in leading stocks, while the EGX70 and EGX100 indices have risen. , amid weak trading volumes, and a market capitalization gain of £ 204m to close at £ 659.918bn.

The volume of trading on shares reached 277.6 million securities, with a value of 347.4 million pounds, through the implementation of 21.6 thousand transactions for 183 companies. Institutions accounted for 19.75% of the transactions in the stock exchange, and the rest of the transactions belonged to individuals with a rate of 80.24%.

The net transactions of Egyptian and foreign individuals and Arab and foreign institutions for sale tended to be worth £ 16.2 million, £ 81.4 thousand, £ 7.8 million, £ 7.96 million respectively, while the net transactions of Arab individuals and Egyptian institutions tended to buy with a value of £ 1.9 million and £ 30.1 million respectively. .

The “EGX30” index fell 0.21% to close at 9986 points, the “EGX50” index rose 0.49% to close at 1732 points, and the “EGX30” weighted index fell 0.08% to close at 12,298 points. “EGX30” total return index fell by 0.21% to close at 4031 points.

While the index of small and medium-sized companies “EGX 70 of equal weights” rose by 1.02% to close at 1753 points, and the “EGX 100 index of equal weights” rose by 0.79% to close on the level of 2629 points, and the index of excellence rose by 1.03% to close at the level of 3697 points, and the Treasury bond index jumped by 0.85% to close at 1188 points.

Shares of 71 companies listed on the stock exchange rose with trading, shares of 30 companies fell and the levels of 85 companies did not change.

insider trading

The transactions of the insiders, the major shareholders and the groups associated with them differed during the trading session last Thursday, as the board of directors of the two Orouba Securities Brokerage Company, CI Capital Holding for Financial Investments 60 thousand shares and 214.9 thousand sold shares, respectively, while the Board of Directors of the Extracted Oils Company And its products bought 246.8 thousand shares, and a major shareholder in Nozha International Hospital Company bought 512.8 thousand shares.

business results

A number of companies announced their business results during the last period, and Ezz Steel achieved sales of 18.6 billion pounds during the period ending 31 March 2021, compared to 13.5 billion pounds during the same period last year. Rebar sales accounted for 57% of total sales and sales Hot rolled flat steel 42%, and net profit was £ 1.217 billion, compared to £ 1.188 billion, an increase of 2.4%.

And Ezz Income Company achieved sales of £ 17.2 billion during the period ending March 31, 2021, compared to £ 11.7 billion during the same period last year, a growth rate of 46%, and net profit of £ 1.733 billion pounds, compared to 1.146 billion pounds.

Pioneers Properties for Urban Development generated revenue of £ 2.6 billion during the period ended 31 March 2022, recording a net profit of £ 358 million after deducting minority rights, and total assets amounted to £ 27 billion, and total property rights amounted to £ 10 billion The company achieved good profit rates during this period, with a gross profit margin of 18%, and a return of £ 0.34 per share.

Jadwa Industrial Development generated revenue of £ 2.8 billion during the period ended 31 March 2022, recording a net profit of £ 114 million after deduction of minority rights, and total assets amounted to £ 7.5 billion, and total ownership recorded £ 2.5 billion. , despite the challenges Due to the rise in the dollar price, which caused a rise in the prices of main raw materials, the company was able to achieve good profit rates during this period, with a gross profit margin of 17%, and a return of £ 0.11 per share.

Aspire Capital Holding for Financial Investments achieved activity income of £ 22.7 million during the period ended 31 March 2022, compared to £ 50.7 million during the same period last year, and net profit for the period amounted to £ 1.8 million pounds, compared to 299.7 million pounds.

B Investments

B Investments Holding has announced the signing of the final sale agreement with the Arab Company for Internet and Communication Services to acquire the company’s entire 44.7% stake through an indirect interest in Giza Systems.

Beltone

Beltone Financial Holding Company stated that the company had received a non-binding initial offer from WM Consulting, through an alliance with strategic investors, to submit a non-binding initial purchase offer of not less than 51% and no more than 90% of Beltone’s capital shares, from At the time of submission of a mandatory bid, and the expected initial offer for the share price is £ 1.35, and this offered price is subject to change in light of the prudential study of the financial, tax, legal, technical and other matters of the company.

Abu Qir Fertilizers

The Abu Qir Fertilizer Company said the Umrah work awarded to the Abu Qir factory (3) was completed by the end of Thursday, June 2nd.

Dr. Muhammad Omran, Chairman of the Financial Supervisory Authority, adopted Resolution no. (968) for the year 2022, which includes in its first article: The suspension of HD Securities Trading Company to carry out the licensed activity for a period of 30 days, in accordance with the provisions of Section (30) of the Capital Markets Act issued By Act no. 95 of 1992, due to its failure to remove the offenses attributed to it and contained in the warning dated 24/03/2022. ” This decision is effective from the day after the company’s notification thereof.

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