Egx30 up 14.24% in January: Blue chips rally, small caps retreat

The broader market turned in a mixed performance. The EGX70 equal-weight index, which tracks small and mid-cap stocks, dropped 7.43% to 12,149.57 points, while the EGX100 equal-weight index eased 3.43% to 16,827.71 points.

Other benchmarks were also split, with the EGX30 Capped rising 10.97% to 57,223.15 points, while the Tamayoz index fell 8.94% to 19,202.94 points, highlighting the ongoing gap between blue chips and smaller names.

Market cap adds LE159.6bn, fixed income still dominates trading EGX30 jumps 14.24% in January as blue chips rally, small caps retreat

Total market capitalisation increased by about LE159.6 billion in January, closing the month at LE3.158 trillion, up 5.3%, the figures showed.

The market cap of the main index segment rose from LE1.621 trillion to LE1.819 trillion, while the small and mid-cap segment slipped from LE728.3 billion to LE709.1 billion.

Trading activity remained heavy. Total traded value reached LE2.087 trillion in January, with around 31.3 billion securities exchanged across 2.6 million transactions. Equities represented 6.34% of total trading value, while bonds and Treasury bills accounted for 93.66%, reinforcing the market’s continued reliance on fixed income turnover.