EGX ends Wednesday in semi-collective regression

BY

Wed, 03 Feb 2021 - 02:22 GMT

FILE- Employees in the EGX following performance of the trading session

FILE- Employees in the EGX following performance of the trading session

CAIRO – 3 February 2021: The Egyptian Exchange (EGX) ended Wednesday’s session in a semi-collective regression, losing LE 744 million of market capitalization, amid Egyptian ana Arab selling.

 

The benchmark EGX30 declined 0.16 percent, or 18.41 points, to end at 11,637.55 points.

 

The equally weighted index EGX 50 dipped 0.39 percent, or 9.34 points, to end at 2,409.09 points, and the broader index EGX 100 decreased 0.03 percent, or 0.89 points, to close at 3,447.77 points.

 

On the other hand, the small and mid-cap index EGX 70 rose 0.10 percent, or 2.5 points, to close at 2,414.52 points,

 

Market capitalization lost around LE 744 million, recording LE 707.38 billion, compared to LE 708.12 billion in Tuesday’s session.

 

The trading volume reached 611.49 million shares, traded through 55,115 transactions, with a turnover of LE 1.72 billion. 

 

Foreign investors were net buyers at LE 86.79 million, while Egyptian and Arab investors were net sellers at LE 57.87 million, and LE 28.92 million, respectively.

 

Arab and foreign individuals were net sellers at LE 7.19 million, and LE 890,340, respectively, while Egyptian individuals were net buyers at LE 39.24 million.

 

Egyptian and Arab organizations sold at LE 97.11 million, and LE 21.72 million, respectively, while foreign organizations bought at LE 87.68 million.

 

Raya Holding For Financial Investments, Glaxo Smith Kline, and El Obour Real Estate Investment were top gainers of the session at 10 percent, 10 percent and 9.86 percent, respectively. 

 

Meanwhile, Alexandria National Company for Financial Investment, Nozha International Hospital, and Torah Cement were top losers of the session by 9.96 percent, 5.78 percent, and 5.71 percent, respectively.

 

On Tuesday, EGX ended the session in green, EGX30 rose 0.42 percent, EGX 50 increased 1.12 percent, EGX 70 hiked 1.15 percent, and EGX 100 jumped 1.04 percent.

 

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