Stocks slip as investors fret over Ukraine conflict
US stocks continued to slip on Friday on the back of the war, with the tech-heavy Nasdaq falling 1.7% and the S&P 500 slipping 0.8% in volatile trading, the Financial Times reports. Investors flocked from equities to safe haven assets including gold and government bonds.
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|
EGX30 |
11,306 |
+1.0% (YTD: -5.4%) |
|
|
USD (CBE) |
Buy 15.66 |
Sell 15.76 |
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USD at CIB |
Buy 15.66 |
Sell 15.76 |
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Interest rates CBE |
8.25% deposit |
9.25% lending |
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Tadawul |
12,756 |
+0.8% (YTD: +13.1%) |
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ADX |
9,683 |
-0.6% (YTD: +14.1%) |
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DFM |
3,449 |
-0.9% (YTD: +7.9%) |
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S&P 500 |
4,329 |
-0.8% (YTD: -9.2%) |
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FTSE 100 |
6,987 |
-3.5% (YTD: -5.4%) |
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Brent crude |
USD 118.11 |
+6.9% |
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Natural gas (Nymex) |
USD 5.02 |
+6.2% |
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Gold |
USD 1,967 |
+1.6% |
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BTC |
USD 39,295 |
+0.5% (as of midnight) |
THE CLOSING BELL-
The EGX30 rose 1.0% at Thursday’s close on turnover of EGP 865 mn (13% below the 90-day average). Foreign investors were net sellers. The index is down 5.4% YTD.
In the green: AMOC (+6.0%), Sidi Kerir Petrochem (+5.0%) and Ezz Steel (+4.7%).
In the red: Oriental Weavers (-1.2%), TMG Holding (-1.1%) and Fawry (-1.0%).