The Market Yesterday
EGP / USD CBE market average: Buy 15.69 | Sell 15.79
EGP / USD at CIB: Buy 15.70 | Sell 15.80
EGP / USD at NBE: Buy 15.68 | Sell 15.78
EGX30 (Tuesday): 9,875 (-2.8%)
Turnover: EGP 864 mn (36% above the 90-day average)
EGX 30 year-to-date: -29.3%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 2.8%. CIB, the index’s heaviest constituent, ended down 3.8%. EGX30’s top performing constituents were Dice up 9.5%, Orascom Investment Holding up 4.7%, and Heliopolis Housing up 3.0%. Yesterday’s worst performing stocks were Egypt Kuwait Holding down 6.5%, Sidi Kerir Petrochemicals down 5.2% and AMOC down 4.2%. The market turnover was EGP 864 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -225.6 mn
Regional: Net Long | EGP +15.7 mn
Domestic: Net Long | EGP +209.9 mn
Retail: 52.1% of total trades | 75.9% of buyers | 28.4% of sellers
Institutions: 47.9% of total trades | 24.1% of buyers | 71.6% of sellers
WTI: USD 13.17 (+13.18%)
Brent: USD 19.17 (-0.83%)
Natural Gas (Nymex, futures prices) USD 1.83 MMBtu, (+0.71%, May 2020 contract)
Gold: USD 1,709.70 / troy ounce (+1.30%)
TASI: 6,496.72 (-1.58%) (YTD: -22.56%)
ADX: 3,860.46 (-2.74%) (YTD: -23.94%)
DFM: 1,825.63 (-3.28%) (YTD: -33.97%)
KSE Premier Market: 5,055.41 (-2.62%)
QE: 8,325.85 (-1.41%) (YTD: -20.14%)
MSM: 3,442.34 (-1.19%) (YTD: -13.53%)
BB: 1,312.78 (-0.47%) (YTD: -18.47%)