EGX ends Monday in red, market cap. loses LE 5.46B

CAIRO – 8 February 2021: The Egyptian Exchange (EGX) ended Monday in red, losing LE 5.49 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.69 percent, or 79.72 points, to end at 11,523.06 points.

The equally weighted index EGX 50 declined 0.73 percent, or 17.69 points, to end at 2,398.85 points.

The small and mid-cap index EGX 70 dropped 1.29 percent, or 31.54 points, to close at 2,411.93 points, and the broader index EGX 100 decreased 0.95 percent, or 32.91 points, to close at 3,442.93 points

Market capitalization lost around LE 5.49 million, recording LE 704.27 billion, compared to LE 709.76 billion in Sunday’s session.

The trading volume reached 942.31 million shares, traded through 67,328 transactions, with a turnover of LE 2.15 billion. 

Foreign investors were net sellers at LE 87.8 million, while Egyptian and Arab investors were net buyers at LE 58.45 million, and LE 29.35 million, respectively.

Egyptian and foreign individuals were net sellers at LE 19.59 million, and LE 1.25, respectively, while Arab individuals were net buyers at LE 21.16 million.

Egyptian and Arab organizations bought at LE 78.05 million, and LE 8.19 million, respectively, while foreign organizations sold at LE 86.56 million.

Misr Oils & Soap, El Orouba Securities Brokerage, and Mohandes Insurance were top gainers of the session at 10 percent, 10 percent and 9.99 percent, respectively. 

Meanwhile, Memphis Pharmaceuticals, Raya Contact Center, and El Arabia for Land Reclamation were top losers of the session by 9.30 percent, 7.99 percent, and 7.77 percent, respectively.

On Sunday, EGX ended the session in green, EGX30 inched up 0.03 percent, EGX 50 rose 0.69 percent EGX 70 hiked 1.18 percent, and EGX 100 increased 1.04 percent.