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Jan 19. EGX turns green mid-week, adds 3.3B to market cap

Traded through 49,004 transactions, trading volume reached 591.06 million shares with a turnover of LE 1.44 billion

By: Business Today Egypt

Tue, Jan. 19, 2021

Tuesday’s Egyptian Exchange (EGX) goes green mid-week, adding LE 3.3 billion to market capitalization.

EGX 30 inched up 0.31 percent, or 35.26 points, to end at 11,485.8 points, with EGX 50 also taking baby steps at 0.27 percent, or 6.33 points, to end at 2,311.88 points.

EGX 70 went up by 0.77 percent, or 17.45 points, to close at 2,278.72 points, while EGX 100 rose 0.66 percent, or 21.3 points, to close at 3,271.72 points.

Market capitalization gained around LE 3.3 billion, recording LE 683.18 billion, compared to LE 679.84 billion in Monday’s session.

Traded through 49,004 transactions, trading volume reached 591.06 million shares with a turnover of LE 1.44 billion.

Foreign investors were net buyers at LE 59.9 million, while Egyptian and Arab investors were net sellers at LE 36.73 million, and LE 23.2 million, respectively.

Arab and foreign individuals were net sellers at LE 19.83 million, and LE 2.74 million, respectively, while Egyptian individuals were net buyers at LE 16.93 million.

Egyptian, and Arab organizations sold at LE 53.66 million, and LE 3.37 million, respectively, while foreign organization bought at LE 62.68 million.

Top gainers were Raya Holding for Financial Investments, Al Tawfeek Leasing Company-A.T.LEASE, and Egypt for Pourtly, going up by 8.49 percent, 8.40 percent and 7.37 percent, respectively.

Top losers were Egyptian Transport (EGYTRANS), Arabia Investments Holding, and Suez Cement, dropping by 6.88 percent, 5.17 percent, and 4.52 percent, respectively.

On Monday, EGX ended trading on mixed note: as EGX30 inched up 0.04 percent, and EGX 50 hiked 0.32 percent, while EGX 70 decreased 0.71 percent, EGX 100 dipped 0.73 percent.