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Thursday, 24 September 2020

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 15.70 | Sell 15.80
EGP / USD at CIB: Buy 15.71 | Sell 15.81
EGP / USD at NBE: Buy 15.70 | Sell 15.80

EGX30 (Wednesday): 10,979 (+0.2%)
Turnover: EGP 1.3 bn (16% above the 90-day average)
EGX 30 year-to-date: -21.4%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.2%. CIB, the index’s heaviest constituent, ended down 0.2%. EGX30’s top performing constituents were Ezz Steel up 4.9%, EFG Hermes up 2.5%, and Qalaa Holding up 2.4%. Yesterday’s worst performing stocks were Juhayna down 2.3%, Heliopolis Housing down 1.0% and Elsewedy Electric down 1.0%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -37.2 mn
Regional: Net long | EGP +34.3 mn
Domestic: Net long | EGP +3.0 mn

Retail: 76.9% of total trades | 78.3% of buyers | 75.5% of sellers
Institutions: 23.1% of total trades | 21.7% of buyers | 24.5% of sellers

WTI: USD 39.52 (-0.70%)
Brent: USD 41.42 (-0.72%)

Natural Gas: (Nymex, futures prices) USD 2.19 MMBtu, (+0.66%, November 2020 contract)
Gold: USD 1,866.00 / troy ounce (-2.18%)

TASI: 8,244 (-0.56%) (YTD: -1.72%)
ADX: 4,490 (-0.18%) (YTD: -11.54%)
DFM: 2,285 (+0.94%) (YTD: -17.34%)
KSE Premier Market: 6,240 (+1.0%)
QE: 9,787 (-0.55%) (YTD: -6.12%)
MSM: 3,621 (-0.14%) (YTD: -9.03%)
BB: 1,450 (+0.56%) (YTD: -9.89%)

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