What the markets are doing on 6 December 2020
The EGX30 fell 0.1% on Thursday on turnover of EGP 1.4 bn (7% above the 90-day average). Foreign investors were net sellers. The index is down 21.1% YTD.
In the green: Export Development Bank of Egypt (+6.0%), Oriental Weavers (+3.5%) and Juhayna (+2.0%).
In the red: Emaar Misr (-2.6%), Ezz Steel (-1.3%) and Egyptian Iron & Steel (-1.2%).
|
|
EGX30 |
11,015 |
-0.1% (YTD: -21.1%) |
|
|
USD (CBE) |
Buy 15.6 |
Sell 15.7 |
|
|
USD at CIB |
Buy 15.6 |
Sell 15.7 |
|
|
Interest rates CBE |
8.25% deposit |
9.25% lending |
|
|
Tadawul |
8,674.97 |
-0.2% (YTD: +3.41%) |
|
|
ADX |
4,964.94 |
-0.4% (YTD: -2.18%) |
|
|
DFM |
2,419.60 |
+0.8% (YTD: -12.49%) |
|
|
S&P 500 |
3,699.12 |
+0.9% (YTD: +14.50%) |
|
|
FTSE 100 |
6,550.23 |
+0.9% (YTD: -13.16%) |
|
|
Brent crude |
USD 49.25 |
+1.1% |
|
|
Natural gas (Nymex) |
USD 2.58 |
+2.7% |
|
|
Gold |
USD 1,840.00 |
-0.1% |
|
|
BTC |
USD 19,118.45 |
+2.2% |
Emerging markets equities are expected to have a good run in 2021 as demand rises and large-scale vaccination efforts around the globe improve sentiment, said Invesco global markets strategist David Chao, according to Reuters. Rising inflation and better corporate earnings, which are expected to follow the availability of a vaccine, all point to a “continued rally of value stocks,” which is good news for EMs.