The Market Yesterday
EGP / USD CBE market average: Buy 16.06 | Sell 16.19
EGP / USD at CIB: Buy 16.08 | Sell 16.18
EGP / USD at NBE: Buy 16.09 | Sell 16.19
EGX30 (Monday): 14,301 (+0.5%)
Turnover: EGP 641 mn (10% below the 90-day average)
EGX 30 year-to-date: +9.7%
THE MARKET ON MONDAY: The EGX30 ended Monday’s session up 0.5%. CIB, the index’s heaviest constituent, ended up 0.6%. EGX30’s top performing constituents were Madinet Nasr Housing up 3.5%, Ezz Steel up 3.3%, and Orascom Development Egypt up 2.2%. Yesterday’s worst performing stocks were Ibnsina Pharma down 3.0%, Egyptian Resorts down 1.1% and Eastern Co down 1.1%. The market turnover was EGP 641 mn, and foreign investors were the sole net buyers.
Foreigners: Net long | EGP +27.2 mn
Regional: Net short | EGP -0.2 mn
Domestic: Net short | EGP -27.0 mn
Retail: 64.7% of total trades | 63.3% of buyers | 66.1% of sellers
Institutions: 35.3% of total trades | 36.7% of buyers | 33.9% of sellers
WTI: USD 55.82 (+0.0%)
Brent: USD 61.57 (-0.7%)
Natural Gas (Nymex, futures prices) USD 2.46 MMBtu, (+0.7%, November 2019 contract)
Gold: USD 1,494.10 / troy ounce (-0.1%)
TASI: 7,784 (-1.4%) (YTD: -0.5%)
ADX: 5,134 (-0.3%) (YTD: +4.5%)
DFM: 2,777 (-0.4%) (YTD: +9.8%)
KSE Premier Market: 6,284 (-0.1%)
QE: 10,222 (-0.8%) (YTD: -0.8%)
MSM: 4,005 (+0.5%) (YTD: -7.4%)
BB: 1,523 (-0.3%) (YTD: +13.9%)