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Feb 23. EGX ends 2-day green streak, closes in red

Net sellers were Egyptian investors at LE 67.57 million, and Arab individuals at LE 7.48 million

By: Business Today Egypt

Tue, Feb. 23, 2021

The Egyptian Exchange (EGX) ended a 2-day green streak, closing in the red today while losing LE 5.35 billion of market capitalization.

EGX 30 dropped 1.15 percent, or 133.23 points, to end at 11,416.74 points, with EGX 50 falling 1.37 percent, or 32.88 points, to end at 2,366.99 points.

EGX 70 also fell 1.45 percent, or 34.94 points, to close at 2,370.25 points, while EGX 100 dipped 1.34 percent, or 45.99 points, to close at 3,391.09 points.

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. 

Net sellers were Egyptian investors at LE 67.57 million, and Arab individuals at LE 7.48 million.

It was big buying day, with net buyers at Egyptian individuals at LE 151.03 million, foreign investors at LE 45.52 million, Arab investors at LE 22.04 million, and foreign individuals at LE 6.66 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.