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May 16 | EGX stays in the red with EGP 11 billion in market cap losses

Today’s trading saw 538.63 million shares exchanged with a turnover of EGP 2.113 billion. Market capitalization was recorded at EGP 1.110 trillion, dropping from yesterday’s 1.121 trillion

By: Business Today Egypt

Tue, May. 16, 2023

The Egyptian Exchange (EGX) continues to fall into the red zone, losing around EGP 11 billion in market capitalization.

Benchmark index EGX 30 dropped by 0.59% to close the session at 17,033.99 points, followed by EGX 50 with a decline of 0.85% to 3095.95 points.

EGX 70 was down by 0.52% to end at 3022.16 points, while EGX 100 dropped by 0.58% to end the session at 4580.57 points.

Today’s trading saw 538.63 million shares exchanged with a turnover of EGP 2.113 billion.

Market capitalization was recorded at EGP 1.110 trillion, dropping from yesterday’s 1.121 trillion.

Trading on securities saw Arab and Egyptian investors as net buyers with EGP 146.414 million and EGP 66.756 million, respectively. Foreign investors were net sellers with EGP 213.171 million.

The top gains of the session were by Ibnsina Pharma which climbed by 10.94%, Lecico Egypt by 8.5%, and B Investments Holding by 7.85%.

The largest losses of the session were by Alexandria Containers and goods which declined by 6.51%, Oriental Weavers by 4.84%, and General Silos & Storage by 4.83%.