The Market Yesterday
EGP / USD CBE market average: Buy 15.75 | Sell 15.88
EGP / USD at CIB: Buy 15.76 | Sell 15.86
EGP / USD at NBE: Buy 15.79 | Sell 15.89
EGX30 (Sunday): 13,919 (+0.7%)
Turnover: EGP 404 mn (39% below the 90-day average)
EGX 30 year-to-date: -0.3%
THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session up 0.7%. CIB, the index’s heaviest constituent, ended up 2.4%. EGX30’s top performing constituents were CIB up 2.4%, Kima up 2.4%, and Qalaa Holdings up 1.3%. Yesterday’s worst performing stocks were Ezz Steel down 2.6%, Egyptian Iron & Steel down 2.4% and Pioneers Holding down 2.0%. The market turnover was EGP 404 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -2.7 mn
Regional: Net long | EGP +1.8 mn
Domestic: Net long | EGP +0.9 mn
Retail: 67.7% of total trades | 61.4% of buyers | 74.0% of sellers
Institutions: 32.3% of total trades | 38.6% of buyers | 26.0% of sellers
WTI: USD 58.54 (+0.0%)
Brent: USD 64.85 (+0.4%)
Natural Gas: (Nymex, futures prices) USD 2.00 MMBtu, (-3.6%, February 2020 contract)
Gold: USD 1,560.30 / troy ounce (+0.6%)
TASI: 8,449 (-0.1%) (YTD: +0.7%)
ADX: 5,174 (-0.1%) (YTD: +1.9%)
DFM: 2,863 (+1.2%) (YTD: +3.6%)
KSE Premier Market: 7,140 (+0.7%)
QE: 10,712 (+0.1%) (YTD: +2.8%)
MSM: 4,073 (+0.3%) (YTD: +2.3%)
BB: 1,641 (+0.1%) (YTD: +2.0%)