EGX ends Monday in red zone

CAIRO – 4 January 2021: The Egyptian Exchange (EGX) ended Monday’s session in red, adding LE 115.76 million to market capitalization, amid Egyptian and Arab selling.

The benchmark EGX30 dipped 0.29 percent, or 31.25 points, to end at 10,813.78 points.

The equally weighted index EGX 50 dropped 0.52 percent, or 11.61 points, to end at 2,234.15 points.

The small and mid-cap index EGX 70 declined 0.80 percent, or 17.22 points, to close at 2,143.51 points, and the broader index EGX 100 lessened 0.70 percent, or 21.73 points, to close at 3,096.85 points.

Market capitalization gained around LE 115.76 million, recording LE 653.45 billion, compared to LE 653.34  billion in Sunday’s session.

The trading volume reached 425.43 million shares, traded through 39,688 transactions, with a turnover of LE 1.17 billion. 

Foreign investors were net buyers at LE 8.2 million, while Egyptian and Arab investors were net sellers at LE 7.16 million, and LE 1.04 million, respectively. 

Egyptian, and foreign individuals were net sellers at LE 48.75 million, and LE 5.89 million, respectively, while Arab investors were net buyers at LE 13.44 million.

Egyptian, and foreign organizations bought at LE 41.59 million, and LE 14.09 million, respectively, while Arab organizations sold LE 14.48 million.

Raya Holding for Financial Investments, El Nasr For Manufacturing Agricultural Crops, and Alexandria New Medical Center were top gainers of the session at 9.93 percent, 9.87 percent and 8.56 percent, respectively. 

Meanwhile, the Arab Dairy Products Co. Arab Dairy - Panda, Nasr Company for Civil Works, and GMC Group for Industrial, Commercial & Financial Investments were top losers of the session by 8.40  percent, 4.67 percent, and 4.66 percent, respectively.

On Sunday, EGX ended trading in green: as EGX30 stabilized at 10,845.03 points, EGX 50 rose 0.47 percent, EGX 70 hiked 0.73 percent, and EGX 100 climbed 0.67 percent.