{"id":557841,"date":"2021-09-06T13:44:52","date_gmt":"2021-09-06T13:44:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/the-market-on-6-september\/"},"modified":"2021-09-06T13:44:52","modified_gmt":"2021-09-06T13:44:52","slug":"the-market-on-6-september","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/the-market-on-6-september\/","title":{"rendered":"The Market on 6 September"},"content":{"rendered":"

The EGX30 fell 0.3% at today\u2019s close<\/strong> on turnover of EGP 1.7 bn (11.6% above the 90-day average). Local investors were net sellers. The index is up 2% YTD.<\/p>\n

In the green: <\/strong>Fawry (+4.4%), Oriental Weavers (+2.5%) and T M G Holding (+1.2%).<\/p>\n

In the red: <\/strong>Speed Medical (-13.5%), Egyptian for Tourism Resorts (-4.9%) and Raya (-4.9%).<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 1.7 bn (11.6% above the 90-day average). Local investors were net sellers. The index is up 2% YTD. In the green: Fawry (+4.4%), Oriental Weavers (+2.5%) and T M G Holding (+1.2%). In the red: Speed Medical (-13.5%), Egyptian for Tourism Resorts (-4.9%) and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[633,519,642,1202,614,551],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557841","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-enterprisepm","tag-fawry","tag-go-with-the-flow","tag-oriental-weavers","tag-raya-holding","tag-speed-medical","wpautop","entry"],"acf":{"mongo_id":"23fefc9f-3310-4414-9955-0a615d44b5e8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[557833],"teaser":"","voice_url":""},"yoast_head":"\nThe Market on 6 September - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/06\/the-market-on-6-september\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Market on 6 September\" \/>\n<meta property=\"og:description\" content=\"The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 1.7 bn (11.6% above the 90-day average). Local investors were net sellers. The index is up 2% YTD. In the green: Fawry (+4.4%), Oriental Weavers (+2.5%) and T M G Holding (+1.2%). 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Egyptian investors were net buyers. The index is up 2.7% YTD.In the green: Speed Medical (+2.6%), Orascom Development Egypt (+2.6%) and Oriental Weavers (+2.5%).In the red: Raya (-2.7%), Sidi Kerir Petrochemicals (-1.5%)\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552048,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/what-the-markets-are-doing-on-8-august-2022\/","url_meta":{"origin":557841,"position":1},"title":"What the markets are doing on 8 August, 2022","author":"enterpriseam admin","date":"8 August 2022","format":false,"excerpt":"The EGX30 fell 0.8% at today\u2019s close on turnover of EGP 1.7 bn (52.1% above the 90-day average). Local investors were net buyers. The index is down 15.9% YTD.In the green: Oriental Weavers (+4.9%), Alexandria Containers and Goods (+4.0%) and Eastern Company (+2.5%).In the red: Ibnsina Pharma (-4.9%), CIRA (-4.8%)\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573765,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/17\/earnings-watch-orascom-development-egypt-rameda-fawry-b-investments-raya-beltone-adib-oriental-weavers-gsk\/","url_meta":{"origin":557841,"position":2},"title":"Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK","author":"enterpriseam admin","date":"17 August 2020","format":false,"excerpt":"EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from EGP 12.9 mn in 2Q2020, according to a company earnings release (pdf). Revenues rose 5.6% during the three-month period to EGP 205 mn despite private sales falling 4% y-o-y due\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566533,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/go-with-the-flow-on-24-june\/","url_meta":{"origin":557841,"position":3},"title":"Go with the flow on 24 June","author":"enterpriseam admin","date":"24 June 2021","format":false,"excerpt":"The EGX30 rose less than 0.1% at today\u2019s close on turnover of EGP 1.27 bn (0.9% above the 90-day average). Foreign investors were net sellers. The index is down 5.2% YTD.In the green: Oriental Weavers (+9.2%), Ibnsina Pharma (+1.9%) and Fawry (+1.3%).In the red: Orascom Investment Holding (-2.2%), Ezz Steel\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544288,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/earnings-watch-el-nasr-civil-works-oriental-weavers-eipico\/","url_meta":{"origin":557841,"position":4},"title":"Earnings watch: El Nasr Civil Works, Oriental Weavers, EIPICO","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"EARNINGS WATCH-El Nasr Civil Works reported a net income of EGP 958k in 2021, reversing from net losses of EGP 27.02 mn in 2020, according to the company\u2019s financials (pdf). Revenues saw a 24.5% annual drop for the year to record EGP 135.82 mn.Oriental Weavers reported a net income of\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551146,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/29\/earnings-watch-mm-group-oriental-weavers-emaar-misr-report-1q2022-results\/","url_meta":{"origin":557841,"position":5},"title":"Earnings watch: MM Group, Oriental Weavers, Emaar Misr report 1Q2022 results","author":"enterpriseam admin","date":"29 May 2022","format":false,"excerpt":"EARNINGS WATCH-MM Group reported a 60.1% y-o-y drop in its 1Q2022 bottom line, recording EGP 51 mn, according to an earnings release (pdf). The company\u2019s consolidated revenues also fell 22.9% y-o-y during the quarter to hit EGP 1.94 bn.Oriental Weavers recorded EGP 260.06 mn in net income in 1Q2022, down\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557841"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557841\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/557833"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557841"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557841"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}