The Market Yesterday
EGP / USD CBE market average: Buy 16.07 | Sell 16.20
EGP / USD at CIB: Buy 16.08 | Sell 16.18
EGP / USD at NBE: Buy 16.08 | Sell 16.18
EGX30 (Wednesday): 14,608 (-0.4%)
Turnover: EGP 611 mn (17% below the 90-day average)
EGX 30 year-to-date: +12.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.4%. CIB, the index’s heaviest constituent, ended down 0.7%. EGX30’s top performing constituents were Egyptian Resorts up 2.3%, Juhayna up 1.7%, and Cleopatra Hospitals up 1.4%. Yesterday’s worst performing stocks were CIRA down 2.5%, Ibnsina Pharma down 1.9% and AMOC down 1.3%. The market turnover was EGP 611 mn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -56.1 mn
Regional: Net short | EGP -9.9 mn
Domestic: Net long | EGP +66.0 mn
Retail: 56.3% of total trades | 60.4% of buyers | 52.1% of sellers
Institutions: 43.7% of total trades | 39.6% of buyers | 47.9% of sellers
WTI: USD 57.12 (+0.6%)
Brent: USD 62.56 (+0.8%)
Natural Gas (Nymex, futures prices) USD 2.60 MMBtu, (-0.8%, December 2019 contract)
Gold: USD 1,463 / troy ounce (+0.7%)
TASI: 7,932 (-0.6%) (YTD: +1.4%)
ADX: 5,069 (-0.1%) (YTD: +3.2%)
DFM: 2,650 (-0.5%) (YTD: +4.8%)
KSE Premier Market: 6,268 (+0.1%)
QE: 10,227 (+0.5%) (YTD: -0.2%)
MSM: 4,066 (+0.3%) (YTD: -6.0%)
BB: 1,510 (+0.0%) (YTD: +12.9%)