The Market Yesterday
EGP / USD CBE market average: Buy 15.72 | Sell 15.85
EGP / USD at CIB: Buy 15.73 | Sell 15.83
EGP / USD at NBE: Buy 15.76 | Sell 15.86
EGX30 (Tuesday): 13,460 (-1.0%)
Turnover: EGP 415 mn (36% below the 90-day average)
EGX 30 year-to-date: -2.3%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 1.0%. CIB, the index’s heaviest constituent, ended down 0.9%. The EGX30’s top performing constituent was Juhayna up 0.7%. Yesterday’s worst performing stocks were Egyptian Resorts down 4.7%, Abu Dhabi Islamic Bank down 3.1% and Qalaa Holdings down 3.1%. The market turnover was EGP 415 mn, and regional investors were the sole net buyers.
Foreigners: Net short | EGP -18.6 mn
Regional: Net long | EGP +32.3 mn
Domestic: Net short | EGP -13.7 mn
Retail: 55.9% of total trades | 57.1% of buyers | 54.7% of sellers
Institutions: 44.1% of total trades | 42.9% of buyers | 45.3% of sellers
WTI: USD 58.34 (-0.3%)
Brent: USD 64.54 (-1.0%)
Natural Gas (Nymex, futures prices) USD 1.90 MMBtu, (-5.4%, February 2020 contract)
Gold: USD 1,557.90 / troy ounce (-0.2%)
TASI: 8,445 (-0.3%) (YTD: +0.7%)
ADX: 5,184 (-0.6%) (YTD: +2.1%)
DFM: 2,854 (+0.1%) (YTD: +3.3%)
KSE Premier Market: 7,106 (-0.2%)
QE: 10,694 (+0.0%) (YTD: +2.6%)
MSM: 4,059 (-0.4%) (YTD: +2.0%)
BB: 1,643 (+0.1%) (YTD: +2.1%)