EGX ends week in red, market cap. loses LE1.06B

CAIRO – 4 February 2021: The Egyptian Exchange (EGX) ended Thursday’s session in red, losing LE 1.06 billion of market capitalization, amid Egyptian ana Arab selling.

The benchmark EGX30 declined 0.17 percent, or 20.29 points, to end at 11,598.85 points.

The equally weighted index EGX 50 dipped 0.38 percent, or 9.12 points, to end at 2,399.97 points.

The small and mid-cap index EGX 70 inched down 0.09 percent, or 2.1 points, to close at 2,414.92 points, and the broader index EGX 100 decreased 0.22 percent, or 7.59 points, to close at 3,440.18 points

Market capitalization lost around LE 1.06 million, recording LE 706.32 billion, compared to LE 707.38 billion in Wednesday’s session.

The trading volume reached 540.53 million shares, traded through 52,500 transactions, with a turnover of LE 1.76 billion. 

Egyptian investors were net buyers at LE 52.35 million, while Arab and foreign investors were net sellers at LE 21.6 million, and LE 30.74 million, respectively.

Arab and foreign individuals were net sellers at LE 127.17 million, and LE 11.13, respectively, while Egyptian individuals were net buyers at LE 64.07 million.

Egyptian and foreign organizations sold at LE 11.73 million, and LE 105.57 million, respectively, while Arab organizations bought at LE 105.57 million.

Glaxo Smith Kline, El-Nile Co. for Pharmaceuticals and Chemical Industries, and Raya Holding for Financial Investments were top gainers of the session at 20.17 percent, 10 percent and 9.97 percent, respectively. 

Meanwhile, Alexandria National Company for Financial Investment, Reacap Financial Investments, and El Kahera Housing were top losers of the session by 9.42 percent, 5.49 percent, and 3.98 percent, respectively.

On Wednesday, EGX ended the session on mixed note, EGX30 declined 0.16 percent, EGX 50 dipped 0.39 percent, and EGX 100 decreased 0.03 percent, while EGX 70 rose 0.10 percent.