The Egyptian Exchange (EGX) lost 12.3bn of its market capitalisation, ending Tuesday in red territory following a sharp downturn in its indices to reach EGP 902.731bn by session’s end.
In the first five minutes of Tuesday’s session, EGP 3.6m of market cap was lost, bringing it to EGP 911.46bn. All indices went into red territory in the first five minutes of Tuesday’s session as the benchmark index EGX30 declined 0.46%, and the equally weighted index EGX50 slipped 1.06%.
By the closing session, the EGX30 index dropped by 1.58%, closing at 16,194 points.
Meanwhile, the small- and mid-cap EGX70 index slumped 1.9%, closing at 794 points, while the broader EGX100 index fell by 1.76% to record 2,030 points.
Moreover, the EGX50 index went down by1.99% to record 2,709 points.
Earlier, in Monday’s session, market capitalisation gained EGP 86.46m, recording EGP 915.01bn, up from EGP 914.92bn in Sunday’s session.
The EGX ended Monday on a mixed note, as the benchmark EGX30 rose 0.38%, or 62.49 points, to close at 16,457.51 points, and the broader index EGX100 climbed 0.08%, or 1.60 points, closing at 2,066.45 points.
