{"id":684717,"date":"2026-02-02T00:00:00","date_gmt":"2026-02-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/02\/egx30-hits-record-high-in-january-_storyhedweb_-egx30-hits-record-high-in-january-as-institutions-favor-large-caps-and-sovereign-debt\/"},"modified":"2026-02-02T00:00:00","modified_gmt":"2026-02-02T00:00:00","slug":"egx30-hits-record-high-in-january-_storyhedweb_-egx30-hits-record-high-in-january-as-institutions-favor-large-caps-and-sovereign-debt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/02\/egx30-hits-record-high-in-january-_storyhedweb_-egx30-hits-record-high-in-january-as-institutions-favor-large-caps-and-sovereign-debt\/","title":{"rendered":"EGX30 hits record high in January !_StoryHedWeb_! EGX30 hits record high in January as institutions favor large caps and sovereign debt"},"content":{"rendered":"<\/p>\n

Another month, another <\/strong>record high for the EGX:<\/strong> The EGX30 index concluded January at a record high of 47.78k points, marking a sharp 14.2% monthly increase, according to the bourse\u2019s monthly bulletin (pdf)<\/a>. <\/p>\n

Large caps are running the game: <\/strong>The headline growth masks a significant divergence across the broader market, as the small and mid-cap EGX70 EWI fell by 7.4% during the same period. While total market capitalization grew 5.3% to EGP 3.2 tn, this appreciation was concentrated exclusively in the heavyweights of the EGX30, which saw their combined market value jump 12.2%.<\/p>\n

A bond + bill market: <\/strong>The exchange continues to be a secondary market for government debt rather than a capital-raising venue for the private sector. Fixed-income instruments captured a dominant 93.7% of the total value traded in January. <\/p>\n

Could equities make a serious comeback this year?<\/strong> The government is working on selling stakes in some of its companies on the EGX including Banque du Caire and, potentially, AlexBank<\/a>. And the private sector is also tipping its toes in, with Gourmet\u2019s offering priced yesterday at the top of the range while Bosta and Capital Med are both said to be interested in testing the waters. Still, the value of trading in listed stocks would need to rise 15x to be equal to that of fixed-income.<\/p>\n

Sentiment is bullish on banking with the index up 17.4% last month<\/strong>, alongside IT & comms which was up 12.8%, while healthcare and pharma was down 6.2%, followed by shipping and transportation (-5.5%) <\/p>\n

Institutional concentration: <\/strong>Local institutions were the primary exiters from listed stocks (excluding deals), offloading over EGP 4.1 bn. Conversely, foreign and Arab institutions were the largest institutional net buyers in this segment at EGP 3.8 bn.<\/p>\n

BUT- <\/strong>The picture shifts significantly when including bonds and bills, with foreign institutions' net buying rising to EGP 193.1 bn, confirming that their primary interest remained in the sovereign debt market rather than listed equities.<\/p>\n

Retail floor:<\/strong> Local retail investors provided the strongest support to the equity market, with net purchases exceeding EGP 1 bn. Arab retail investors were net sellers of EGP 735.4 mn, moving in the opposite direction of their institutional counterparts.<\/p>\n

EFG Hermes topped<\/strong> the EGX brokerage league table <\/strong>with a 15.5% market share, according to figures released by the bourse (pdf)<\/a>. Thndr Securities Brokerage came in second with 11.6%. CI Capital (7.5%), Mubasher (7.1%), and Cairo Capital Securities (6.1%), rounding out the top five.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Local institutions were the primary exiters from listed stocks (excluding deals)<\/p>\n","protected":false},"author":1,"featured_media":684718,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7303],"tags":[102,68,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-684717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-egx","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"71e1874e-6c48-491c-8248-d6cd58035fa2","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/400.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EGX30 hits record high in January !_StoryHedWeb_! EGX30 hits record high in January as institutions favor large caps and sovereign debt","related_issue":[684703],"teaser":"Local institutions were the primary exiters from listed stocks (excluding deals)"},"yoast_head":"\nEGX30 hits record high in January !_StoryHedWeb_! EGX30 hits record high in January as institutions favor large caps and sovereign debt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2026\/02\/02\/egx30-hits-record-high-in-january-_storyhedweb_-egx30-hits-record-high-in-january-as-institutions-favor-large-caps-and-sovereign-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX30 hits record high in January !_StoryHedWeb_! 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In the first three trading days of the week, the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543415,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/31\/market-roundup-on-31-january\/","url_meta":{"origin":684717,"position":1},"title":"Market roundup on 31 January","author":"enterpriseam admin","date":"31 January 2022","format":false,"excerpt":"The EGX30 rose 0.3% at today\u2019s close on turnover of EGP 647 mn (41.5% below the 90-day average). Foreign investors were net sellers. The index is down 3.8% YTD.In the green: TMG Holding (+8.6%), Qalaa Holdings (+5.2%) and Madinet Nasr Holding (+4.0%).In the red: CIRA (-3.6%), Fawry (-1.8%) and CIB\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566922,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/28\/egx30-change-up-next-week\/","url_meta":{"origin":684717,"position":2},"title":"EGX30 change-up next week","author":"enterpriseam admin","date":"28 July 2021","format":false,"excerpt":"Six companies will become constituents of the EGX30 when the latest rebalancing of the benchmark index takes effect on Sunday, the EGX said today (pdf). The EGX30 is reviewed (or \u201crebalanced\u201d) twice a year, at the beginning of February and August. Other indexes including EGX50 EWI and EGX70 EWI have\u2026","rel":"","context":"In "SPEED ROUND: CAPITAL MARKETS"","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/487.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550019,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/11\/ci-capital-launches-equity-fund-tracking-capped-egx-30-index\/","url_meta":{"origin":684717,"position":3},"title":"CI Capital launches equity fund tracking Capped EGX 30 index","author":"enterpriseam admin","date":"11 October 2022","format":false,"excerpt":"CI Capital Asset Management has launched an equity fund tracking the EGX30 Capped index, which it says is the first of its kind in the local market, the company announced in a press release (pdf). The door for subscription to the open-ended fund \u2014 dubbed \u201cMisr Equity\u201d \u2014 opened yesterday.SOUND\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/186.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599630,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/egx30-falls-13-2-in-2018-amid-emerging-markets-sell-off\/","url_meta":{"origin":684717,"position":4},"title":"EGX30 falls 13.2% in 2018 amid emerging markets sell-off","author":"enterpriseam admin","date":"6 January 2019","format":false,"excerpt":"**#1 The Egyptian bourse\u2019s benchmark EGX30 index fell 13.2% in 2018 amid global markets fluctuations and the emerging markets sell-off, EGX Chairman Mohamed Farid said. Farid noted that EGX50 also fell 16.3% last year. Foreign purchases in the EGX dropped to EGP 5.73 bn in 2018 from EGP 9.55 bn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/813.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559645,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/31\/fawry-ci-capital-mm-group-make-it-into-egx30\/","url_meta":{"origin":684717,"position":5},"title":"Fawry, CI Capital, MM Group make it into EGX30","author":"enterpriseam admin","date":"31 January 2021","format":false,"excerpt":"Fawry is among five companies that have made it onto Egypt\u2019s benchmark EGX30 index after the bourse completed a rebalancing of the gauge under new inclusion criteria, the EGX said in a statement (pdf). The rebalancing will be reflected on the index as of tomorrow. Fawry became Egypt\u2019s first unicorn\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/365.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/684717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=684717"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/684717\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/684703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/684718"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=684717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=684717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=684717"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=684717"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=684717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}