EGX ends Tuesday in red for 2nd session in row, market cap. loses LE 4.74B

CAIRO – 9 February 2021: The Egyptian Exchange (EGX) ended Tuesday in red for the second consecutive session, losing LE 4.74 billion of market capitalization, amid foreign selling.

The benchmark EGX30 dipped 0.65 percent, or 75.33 points, to end at 11,447.73 points.

The equally weighted index EGX 50 declined 0.66 percent, or 15.93 points, to end at 2,382.92 points.

The small and mid-cap index EGX 70 dropped 0.87 percent, or 20.96 points, to close at 2,390.97 points, and the broader index EGX 100 decreased 0.75 percent, or 25.67 points, to close at 3,417.26 points

Market capitalization lost around LE 4.74 million, recording LE 699.52 billion, compared to LE 704.27 billion in Monday’s session.

The trading volume reached 615.06 million shares, traded through 48,679 transactions, with a turnover of LE 1.36 billion. 

Foreign investors were net sellers at LE 24.64 million, while Egyptian and Arab investors were net buyers at LE 23.12 million, and LE 1.52 million, respectively.

Egyptian and foreign individuals were net buyers at LE 43.14 million, and LE 2.86, respectively, while Arab individuals were net sellers at LE 1.89 million.

Egyptian and Arab organizations sold at LE 20.02 million, and LE 27.49 million, respectively, while foreign organizations bought at LE 3.41 million.

Samad Misr -EGYFERT, Cairo Educational Services, and Nozha International Hospital were top gainers of the session at 10.01 percent, 9.98 percent and 9.91 percent, respectively. 

Meanwhile, Raya Holding for Financial Investments, Glaxo Smith Kline, and Dice Sport & Casual Wear were top losers of the session by 11.26 percent, 9.99 percent, and 6.87 percent, respectively.

On Monday, EGX ended the session in red, EGX30 dipped 0.69 percent, EGX 50 declined 0.73 percent, EGX 70 dropped 1.29 percent, and EGX 100 decreased 0.95 percent.