EGX continues its uptrend, market cap. gains LE 3.15B

CAIRO – 21 January 2021: The Egyptian Exchange (EGX) showed consolidative rise in Thursday’s session, adding LE 3.15 billion to market capitalization, amid foreign buying.

The benchmark EGX30 hiked 0.48 percent, or 55.68 points, to end at 11,654.58 points.

The equally weighted index EGX 50 jumped 0.47 percent, or 10.92 points, to end at 2,349.33 points.

The small and mid-cap index EGX 70 increased 0.39 percent, or 9.04 points, to close at 2,311.89points, and the broader index EGX 100 rose 0.45 percent, or 14.98 points, to close at 3,328.19 points.

Market capitalization gained around LE 3.15 billion, recording LE 693.29 billion, compared to LE 690.14 billion in Wednesday’s session.

The trading volume reached 575.96 million shares, traded through 55,445 transactions, with a turnover of LE 1.7 billion. 

Foreign investors were net buyers at LE 38.99 million, while Egyptian and Arab investors were net sellers at LE 37.87 million, and LE 1.12 million, respectively. 

Arab and foreign individuals were net sellers at LE 8.76 million, and LE 508,065, respectively, while Egyptian individuals were net buyers at LE 17.29 million.

Arab, and foreign organizations bought at LE 7.6 million, and LE 39.51 million, respectively, while Egyptian organization sold at LE 55.17 million.

Delta For Printing & Packaging, El Shams Housing & Urbanization, and Dice Sport & Casual Wearwere top gainers of the session at 8.22 percent, 8.12 percent and 8.02 percent, respectively. 

Meanwhile, Suez Cement., Egyptian Iron & Steel, and Ceramic & Porcelain were top losers of the session by 8.67 percent, 7.72 percent, and 4.67 percent, respectively.

On Wednesday, EGX ended trading in green: as EGX30 hiked 0.98 percent, EGX 50 jumped 1.15 percent, EGX 70  increased 1.06 percent, and EGX 100 rose 1.27 percent.