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Tuesday, 8 January 2019

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 17.87 | Sell 17.96

GP / USD at CIB: Buy 17.89 | Sell 17.96
EGP / USD at NBE: Buy 17.78 | Sell 17.88

EGX30 (Sunday): 13,343 (+0.6%)
Turnover: EGP 571 mn (28% below the 90-day average)
EGX 30 year-to-date: +2.4%

THE MARKET ON SUNDAY: The EGX30 ended Monday’s session up 0.6%. CIB, the index heaviest constituent ended up 0.3%. EGX30’s top performing constituents were Egypt Aluminum up 4.4%, Orascom Construction up 3.2%, and Sidi Kerir Petrochemicals up 2.4%. Monday’s worst performing stocks were Egyptian Iron & Steel down 0.5%, Arab Cotton Ginning down 0.1% and TMG Holding down 0.1%. The market turnover was EGP 571 mn, and local investors were the sole net buyers.

Foreigners: Net Short | EGP -11.9 mn
Regional: Net Short | EGP -17.4 mn
Domestic: Net Long | EGP +29.3 mn

Retail: 70.9% of total trades | 73.1% of buyers | 68.7% of sellers
Institutions: 29.1% of total trades | 26.9% of buyers | 31.3% of sellers

WTI: USD 48.70 (+0.37%)
Brent: USD 57.33 (+0.47%)

Natural Gas (Nymex, futures prices) USD 2.97 MMBtu, (+0.92%, Feb 2019 contract)
Gold: USD 1,289.20 / troy ounce (-0.05%)

TASI: 8,047.58 (+1.45%) (YTD: +2.82%)
ADX: 4,934.29 (+0.62%) (YTD: +0.39%)
DFM: 2,534.80 (+0.14%) (YTD: +0.20%)
KSE Premier Market: 5,402.64 (+0.47%)
QE: 10,494.22 (+1.37%) (YTD: +1.90%)
MSM: 4,312.25 (+0.23%) (YTD: -0.27%)
BB: 1,330.85 (+0.01%) (YTD: -0.48%)

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. © 2021 Enterprise Ventures LLC.