The Market Yesterday
EGP / USD CBE market average: Buy 16.05 | Sell 16.17
EGP / USD at CIB: Buy 16.05 | Sell 16.15
EGP / USD at NBE: Buy 16.05 | Sell 16.15
EGX30 (Sunday): 14,050 (-0.3%)
Turnover: EGP 252 mn (65% below the 90-day average)
EGX 30 year-to-date: +7.8%
THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session down 0.3%. CIB, the index’s heaviest constituent, ended down 0.6%. EGX30’s top performing constituents were Egyptian Iron & Steel up 1.9%, Juhayna up 1.9%, and Eastern Company up 0.8%. Yesterday’s worst performing stocks were Orascom Construction down 2.5%, Abu Dhabi Islamic Bank down 1.1% and Orascom Development Egypt down 1.1%. The market turnover was EGP 252 mn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -16.1 mn
Regional: Net short | EGP -7.4 mn
Domestic: Net local | EGP +23.5 mn
Retail: 62.7% of total trades | 59.8% of buyers | 65.6% of sellers
Institutions: 37.3% of total trades | 40.2% of buyers | 34.4% of sellers
WTI: USD 57.77 (-1.4%)
Brent: USD 63.39 (-0.9%)
Natural Gas: (Nymex, futures prices) USD 2.67 MMBtu, (+3.8%, December 2019 contract)
Gold: USD 1,470.50 / troy ounce (+0.0%)
TASI: 7,999 (-0.8%) (YTD: +2.2%)
ADX: 5,041 (-0.0%) (YTD: +2.6%)
DFM: 2,687 (+0.1%) (YTD: +6.2%)
KSE Premier Market: 6,339 (+0.4%)
QE: 10,253 (-0.1%) (YTD: -0.4%)
MSM: 4,081 (-0.0%) (YTD: -5.6%)
BB: 1,505 (-0.0%) (YTD: +12.6%)