{"id":565584,"date":"2021-04-18T13:25:36","date_gmt":"2021-04-18T13:25:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/the-market-on-18-april-2021\/"},"modified":"2021-04-18T13:25:36","modified_gmt":"2021-04-18T13:25:36","slug":"the-market-on-18-april-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/the-market-on-18-april-2021\/","title":{"rendered":"The market on 18 April 2021"},"content":{"rendered":"

The EGX30 rose 2.1% at today\u2019s close<\/strong> on turnover of EGP 460 mn (65.9% below the 90-day average). Local investors were net sellers. The index is down 4.5% YTD.<\/p>\n

In the green: <\/strong>GB Auto (+6.5%), CIB (+3.4%) and MM Group (+3.3%).<\/p>\n

In the red: <\/strong>CI Capital (-1.8%) and Export Development Bank (-0.3%).<\/p>\n

Alexandria Container and Cargo Handling Company reported EGP 1.04 bn in net<\/strong> income in 9M2020-2021<\/strong>, falling 2.7% y-o-y from EGP 1.01 bn a year earlier, according to an EGX disclosure (pdf)<\/a>. ACCH\u2019s revenues also dipped 5.1% y-o-y to EGP 1.82 mn, which the company attributed to a 9% y-o-y drop in container activity as global trade reeled under covid-19.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 rose 2.1% at today\u2019s close on turnover of EGP 460 mn (65.9% below the 90-day average). Local investors were net sellers. The index is down 4.5% YTD. In the green: GB Auto (+6.5%), CIB (+3.4%) and MM Group (+3.3%). In the red: CI Capital (-1.8%) and Export Development Bank (-0.3%). Alexandria Container 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":[4225,68,633,642,145],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565584","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-alexandria-container-and-cargo-handling-company","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-logistics","wpautop","entry"],"acf":{"mongo_id":"be3236dd-70d3-457a-a3ee-1224cbba84b7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[565575],"teaser":"","voice_url":""},"yoast_head":"\nThe market on 18 April 2021 - 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\/04\/18\/the-market-on-18-april-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The market on 18 April 2021\" \/>\n<meta property=\"og:description\" content=\"The EGX30 rose 2.1% at today\u2019s close on turnover of EGP 460 mn (65.9% below the 90-day average). Local investors were net sellers. The index is down 4.5% YTD. In the green: GB Auto (+6.5%), CIB (+3.4%) and MM Group (+3.3%). In the red: CI Capital (-1.8%) and Export Development Bank (-0.3%). 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Local investors were net sellers. The index is down 0.7% YTD.In the green: CI Capital (+3.6%), Ibnsina Pharma (+2.9%) and Cleopatra Hospital (+2.8%).In the red: AMOC (-2.5%), SODIC (-2.0%) and\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":558033,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/alex-container-sees-6-drop-in-bottomline\/","url_meta":{"origin":565584,"position":1},"title":"Alex Container sees 6% drop in bottomline","author":"enterpriseam admin","date":"20 September 2021","format":false,"excerpt":"EARNINGS WATCH- Alexandria Container and Cargo Handling Company\u2019s bottomline dropped 6% y-o-y in FY2020-21 to EGP 1.4 bn from EGP 1.5 bn, according to the company\u2019s financials (pdf). Revenues dropped 7% y-o-y to EGP 2.4 bn from EGP 2.6 bn. THE MARKET ROUNDUP- The EGX30 fell 1.6% at today\u2019s close\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":587506,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/28\/what-the-markets-are-doing-on-28-may-2023\/","url_meta":{"origin":565584,"position":2},"title":"What the markets are doing on 28 May, 2023","author":"enterpriseam admin","date":"28 May 2023","format":false,"excerpt":"EARNINGS WATCH-Talaat Moustafa Group reported around EGP 747.5 mn in net income in 1Q 2023, up about 32% y-o-y, according to an EGX disclosure (pdf). The company\u2019s revenues during the quarter came in at roughly EGP 4.44 bn, about 47% up y-o-y.Alexandria Container and Cargo Handling company reported EGP 3.2\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":556869,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/25\/alexandria-container-and-cargo-handlings-net-income-up-21-in-3q2021\/","url_meta":{"origin":565584,"position":3},"title":"Alexandria Container and Cargo Handling\u2019s net income up 21% in 3Q2021","author":"enterpriseam admin","date":"25 October 2021","format":false,"excerpt":"EARNINGS WATCH- Alexandria Container and Cargo Handling\u2019s net income rose 21% to EGP 336.3 mn in 3Q2021, up from EGP 277.8 mn in the same period last year, the company said in a bourse filing (pdf) this morning. The bottom line growth came despite revenues falling 1.9% to EGP 537.7\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":543370,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/30\/earnings-watch-obour-land-alexandria-containers\/","url_meta":{"origin":565584,"position":4},"title":"Earnings watch: Obour Land, Alexandria Containers","author":"enterpriseam admin","date":"30 January 2022","format":false,"excerpt":"MARKET NEWS-Obour Land recorded a 13% y-o-y increase in its bottom line in 2021 to EGP 350.7 mn, according to the company\u2019s financials (pdf). Obour Land\u2019s revenues increased 10% y-o-y to EGP 3 bn in 2021.Alexandria Container and Cargo Handling\u2019s bottom line rose 14.8% y-o-y in the first half 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":553072,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/18\/earnings-watch-obour-land-reports-3q-2022-results\/","url_meta":{"origin":565584,"position":5},"title":"Earnings watch: Obour Land reports 3Q 2022 results","author":"enterpriseam admin","date":"18 October 2022","format":false,"excerpt":"EARNINGS WATCH-Obour Land\u2019s bottomline rose 31% y-o-y in 3Q 2022 to EGP 145.8 mn, according to the company\u2019s earnings release (pdf). 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