EGX ends Tuesday in red, market cap. loses LE 5.35B

CAIRO – 23 February 2021: The Egyptian Exchange (EGX) ended mid-week session in red, losing LE 5.35 billion of market capitalization, amid Egyptian selling.

The benchmark EGX30 dipped 1.15 percent, or 133.23 points, to end at 11,416.74 points.

The equally weighted index EGX 50 dropped 1.37 percent, or 32.88 points, to end at 2,366.99 points.

The small and mid-cap index EGX 70 declined 1.45 percent, or 34.94 points, to close at 2,370.25points, and the broader index EGX 100 lessened 1.34 percent, or 45.99 points, to close at 3,391.09points.

Market capitalization lost around LE 5.35 billion, recording LE 700.95 billion, compared to LE 706.29 billion in Monday’s session.

The trading volume reached 759.65 million shares, traded through 53,434 transactions, with a turnover of LE 1.77 billion. 

Egyptian investors were net sellers at LE 67.57 million, while Arab and foreign investors were net buyers at LE 22.04 million, and LE 45.52 million, respectively.

Egyptian and foreign individuals were net buyers at LE 151.03 million, and LE 6.66 million, respectively, while Arab individuals were net sellers at LE 7.48 million. 

Arab and foreign organizations bought at LE 29.53 million, and LE 38.86 million, respectively, while Egyptian organization sold at LE 218.6 million.

National Bank of Kuwait- Egypt- NBK, Arab Moltaka Investments Co, and Grand Investment Capital were top gainers of the session at 18.09 percent, 12.78 percent and 9.90 percent, respectively. 

Meanwhile, Cairo Educational Services, Gulf Canadian Real Estate Investment Co., and Egyptians Housing Development & Reconstruction were top losers of the session by 8.50 percent, 7.39 percent, and 7.37 percent, respectively.

On Monday, EGX ended the session in green, EGX30 rose 1.09 percent, EGX 50 hiked 0.70 percent, EGX 70 increased 0.55 percent, and EGX 100 climbed 0.49 percent.