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Sunday, 10 July 2016

BY THE NUMBERS

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USD CBE auction (Tuesday, 28 June): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Saturday, 10 July): 11.04-11.10 (compared to 11.05-11.08 on Tuesday, 28 June, Al Mal)

EGX30 (Monday): 7,183 (+2.9%)
Turnover: EGP 607.1 mn (39% above the 90-day average)
EGX 30 year-to-date: +2.5%

THE MARKET ON MONDAY (4 July 2016): Speculation that further devaluation of the official exchange rate may be in the works sent the benchmark EGX30 up 2.9% last Monday (the final trading session last week before the start of the Eid holiday). As noted in the Monday edition of Enterprise, Amer told the domestic press that defending the EGP over the past five years had been a mistake. Blue-chip CIB, a proxy for Egypt and fast approaching its GDR cap, accounted for nearly 27% of all turnover on Monday. Significant gainers included SODIC (up 9.9%), South Valley Cement (+9.2%) and Talaat Moustafa Group (+0.1%); Juhayna and Edita were the only EGX30 constituents to close in the red, losing less than 1% each. With total market turnover at EGP 607.1 mn, foreign investors were the sole net sellers of the day.

Foreigners: Net short | EGP +118.0 mn
Regional: Net long | EGP +3.0 mn
Domestic: Net long | EGP +115.0 mn

Retail: 52.5% of total trades | 49.2% of buyers | 55.8% of sellers
Institutions: 47.5% of total trades | 50.8% of buyers | 44.2% of sellers

Foreign: 25.9% of total | 16.2% of buyers | 35.6% of sellers
Regional: 6.4% of total | 6.7% of buyers | 6.2% of sellers
Domestic: 67.7% of total | 77.1% of buyers | 58.1% of sellers

WTI: USD 45.41 (+0.60%)
Brent: USD 46.76 (+0.78%)
Natural Gas (Nymex, futures prices) USD 2.82 MMBtu, (+0.57%, August 2016 contract)
Gold: USD 1,358.40 / troy ounce (-0.27%)

TASI: closed
ADX: 4,575.8 (+0.6%) (YTD: 6.24%)
DFM: 3,371.2 (+1.0%) (YTD: 6.99%)
KSE Weighted Index: 351.1 (+0.1%) (YTD: -8.01%)
QE: 9,980.1 (+0.6%) (YTD: -4.46%)
MSM: 5,811.8 (unchanged) (YTD: +7.50%)
BB: 1,142.6 (0.85%) (YTD:-5.21%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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