EGX ends week in red, market cap. loses LE5.23B

CAIRO – 26 January 2022: The Egyptian Exchange (EGX) ended Wednesday session in the red zone, losing around LE 5.23 billion of market capitalization, amid Arab and foreign selling.

 

 

 

The benchmark EGX30 declined 0.37 percent, or 42.58 points, to end at 11,499.85 points.

 

 

 

The equally weighted index EGX 50 dipped 0.20 percent, or 3.92 points, to end at 1,995.04 points.

 

 

 

The small and mid-cap index EGX 70 decreased 0.46 percent, or 9.78 points, to close at 2,130.11 points, and the broader index EGX100 inched down 0.47 percent, or 14.68 points, to close at 3,126.72 points.

 

 

Market capitalization lost around LE 5.23 billion, recording LE 740.78 billion, compared to LE 746.02 billion in Tuesday’s session.

 

 

 

The trading volume reached 303.12 million shares, traded through 29,185 transactions, with a turnover of LE 626.84 million.

 

 

 

Arab and foreign investors were net sellers at LE 20.6 million, and LE 28.36 million, respectively, while Egyptian investors were net buyers at LE 48.96 million.

 

 

 

Arab and foreign individuals were net sellers at LE 11.79 million, and LE 2.69 million, respectively, while Egyptian individuals were net buyers at LE 49.99 million.

 

 

 

Egyptian, Arab and foreign organizations sold at LE 1.02 million, LE 8.8 million, and LE 25.67 million, respectively.

 

 

Gharbia Islamic Housing Development, Orascom Investment Holding, and Marseille Almasreia Alkhalegeya for Holding Investment, were top gainers of the session at 14.85 percent, 7.48 percent and 6.46 percent, respectively.

 

 

 

Meanwhile, Alexandria Containers and goods, Al Khair River for Development Agricultural Investment & Envir, and Memphis Pharmaceuticals were top losers of the session by 11.07 percent, 10.41 percent, and 7.12 percent, respectively.

 

The Central Bank of Egypt (CBE) and the Egyptian Exchange (EGX) announced that Thursday would be an official holiday for all banks and the bourse as a replacement for the 25th of January Revolution - Police Day holiday.

 

 

Trading will be resumed on Sunday 30th of January 2022, according to the EGX.