We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy

Jan 10. EGX starts week in green as forecast

Traded through 53,524 transactions, trading volume reached 560.77 million shares with a turnover of LE 1.6 billion

By: Business Today Egypt

Sun, Jan. 10, 2021

The Egyptian Exchange (EGX) starts the week strong, in the green while adding LE 9.22 billion to market capitalization.

Benchmark EGX 30 went up 2.39 percent, or 2.39 points, to end at 11,213.48 points, with EGX 50 rising 1.22 percent, or 27.69 points, to end at 2,300.04 points.

EGX 70 hiked 1.25 percent, or 27.01 points, to close at 2,179.6 points, and EGX 100 increased by 1.40 percent, or 43.77 points, to close at 3,168.94 points.

Market capitalization gained around LE 9.22 billion, recording LE 669.37 billion, compared to LE 660.15 billion in Wednesday’s session.

Traded through 53,524 transactions, trading volume reached 560.77 million shares with a turnover of LE 1.6 billion.

Earlier in the day, traders spoke about their expectations for this week, stating a possible continuation of a sideways to upward trend from last week.

Net sellers were Egyptian investors at LE 65.69 million, with Egyptian, Arab and foreign individuals also selling at LE 45.36 million, LE 20.22 million and LE 2.24 million, respectively.

Net buyers were foreign investors at LE 52.38 million and Arab investors at LE 13.3 million.

Arab, and foreign organizations bought at LE 33.53 million, and LE 54.62 million, respectively, while Egyptian organizations sold LE 20.33 million.

Top gainers of today’s session were Ceramic & Porcelain at 12.77 percent, Assiut Islamic Trading at 10 percent, and Memphis Pharmaceuticals at 9.99 percent.

Top losers of the session were The Arab Dairy Products Co. Arab Dairy – Panda by 8.19 percent, El Ahram Co. for Printing and Packing by 8.12 percent, and Ismailia Misr Pourtly by 7.24 percent.

On Wednesday, EGX ended trading in green: as EGX30 rose 1.13 percent, EGX 50 hiked 1.07 percent, EGX 70 jumped 0.53 percent, and EGX 100 climbed 0.78 percent.