The Market Yesterday
EGP / USD CBE market average: Buy 16.13 | Sell 16.23
EGP / USD at CIB: Buy 16.13 | Sell 16.23
EGP / USD at NBE: Buy 16.11 | Sell 16.21
EGX30 (Tuesday): 10,935 (+2.5%)
Turnover: EGP 996 mn (30% above the 90-day average)
EGX 30 year-to-date: -21.7%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 2.5%. CIB, the index’s heaviest constituent, ended up 3.4%. EGX30’s top performing constituents were GB Auto up 6.7%, EFG Hermes up 4.1%, and Heliopolis Housing up 4.0%. Yesterday’s worst performing stocks were CIRA down 0.3%, Ibnsina Pharma down 0.2% and SODIC down 0.2%. The market turnover was EGP 996 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -75.2 mn
Regional: Net Long | EGP +29.1 mn
Domestic: Net Long | EGP +46.1 mn
Retail: 71.3% of total trades | 73.8% of buyers | 68.9% of sellers
Institutions: 28.7% of total trades | 26.2% of buyers | 31.1% of sellers
WTI: USD 37.63 (-1.95%)
Brent: USD 40.34 (-1.51%)
Natural Gas (Nymex, futures prices) USD 1.62 MMBtu (+0.56%, July 2020 contract)
Gold: USD 1,732.40 / troy ounce (-0.24%)
TASI: 7,308.21 (+0.61%) (YTD: -12.89%)
ADX: 4,328.61 (+1.43%) (YTD: -14.72%)
DFM: 2,070.02 (+0.89%) (YTD: -25.13%)
KSE Premier Market: 5,494.14 (+1.57%)
QE: 9,160.50 (+0.29%) (YTD: -12.13%)
MSM: 3,527.84 (+0.20%) (YTD: -11.39%)
BB: 1,279.24 (+0.32%) (YTD: -20.55%)