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Monday, 26 August 2019

The Market Yesterday

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EGP / USD CBE market average: Buy 16.50 | Sell 16.63
EGP / USD at CIB:
Buy 16.52 | Sell 16.62
EGP / USD at NBE: Buy 16.52 | Sell 16.62

EGX30 (Sunday): 14,341 (+0.1%)
Turnover: EGP 974 mn (66% above the 90-day average)
EGX 30 year-to-date: +10.0%

THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session up 0.1%. CIB, the index’s heaviest constituent, ended up 1.1%. EGX30’s top performing constituents were Egyptian Resorts up 2.0%, KIMA up 1.3%, and CIB up 1.1%. Yesterday’s worst performing stocks were Abu Dhabi Islamic Bank down 3.4%, Orascom Development Egypt down 2.5% and Egyptian Iron & Steel down 2.3%. The market turnover was EGP 974 mn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -53.9 mn
Regional: Net long | EGP +16.0mn
Domestic: Net long | EGP +37.9 mn

Retail: 66.3% of total trades | 65.9% of buyers | 66.6% of sellers
Institutions: 33.7% of total trades | 34.1% of buyers | 33.4% of sellers

WTI: USD 53.43 (-1.37%)
Brent: USD 58.67 (-1.13%)

Natural Gas (Nymex, futures prices) USD 2.18 MMBtu, (+1.39%, September 2019 contract)
Gold: USD 1,555.30 / troy ounce (+1.15%)

TASI: 8,241.67 (-2.42%) (YTD: +5.30%)
ADX: 4,968.17 (-1.41%) (YTD: +1.08%)
DFM: 2,715.68 (-1.92%) (YTD: +7.35%)
KSE Premier Market: 6,496.37 (-1.72%)
QE: 9,817.67 (-1.02%) (YTD: -4.67%)
MSM: 3,979.86 (-0.20%) (YTD: -7.95%)
BB: 1,533.79 (+0.01%) (YTD: +14.70%)

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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