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May 15 | EGX dives in the red zone with market cap loss of EGP 13B

Today’s trading saw 551.8 million shares exchanged with a turnover of EGP 2.243 billion

By: Business Today Egypt

Mon, May. 15, 2023

After a strong showing yesterday, all of the Egyptian Exchange’s main indices dove into the red zone, losing approximately EGP 13 billion from the market cap.

Benchmark index EGX 30 fell 1.34% in today’s session to close at 12,135.55 points, followed by EGX 50 with a decline of 1.81% to 3,133.59 points.

EGX 70 was down by 1.92% to 3,038.39 points, with EGX 100 dropping 1.88% to end the session at 4,607.44 points.

Today’s trading saw 551.8 million shares exchanged with a turnover of EGP 2.243 billion.

Market capitalization was recorded at EGP 1.121 trillion, down from yesterday’s EGP 1.134 trillion.

Trading on securities saw Egyptian investors as net buyers with EGP 203.31 million. Foreign and Arab investors were net sellers with EGP 203.48 million and EGP 26.83 million respectively.

The top gains of the session were by Pyramisa Hotels which climbed by 16.2%, Credit Agricole Egypt by 8.3%, and Copper for Commercial Investment & Real Estate Development by 5.63%.

The largest losses of the session were by International Co for Investment & Development by 10.21%, Misr Hotels 5.74%, and Nasr Company for Civil Works by 5.59%.