The Market Yesterday
EGP / USD CBE market average: Buy 16.20 | Sell 16.33
EGP / USD at CIB: Buy 16.21 | Sell 16.31
EGP / USD at NBE: Buy 16.23 | Sell 16.33
EGX30 (Tuesday): 14,496 (+1.7%)
Turnover: EGP 779 mn (15% above the 90-day average)
EGX 30 year-to-date: +11.2%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.7%. CIB, the index’s heaviest constituent, ended up 2.8%. EGX30’s top performing constituents were Ezz Steel up 7.8%, Pioneers Holding up 4.9%, and Egyptian Iron & Steel up 3.5%. Yesterday’s worst performing stocks were Cairo for Investment and Real Estate down 1.9%, Eastern Company down 0.9% and Egyptian Resorts down 0.7%. The market turnover was EGP 779 mn, and local investors were the sole net sellers.
Foreigners: Net long | EGP +32.0 mn
Regional: Net long | EGP +38.2 mn
Domestic: Net short | EGP -70.2 mn
Retail: 65.1% of total trades | 61.3% of buyers | 68.8% of sellers
Institutions: 34.9% of total trades | 38.7% of buyers | 31.2% of sellers
WTI: USD 53.97 (+0.7%)
Brent: USD 59.17 (+0.5%)
Natural Gas (Nymex, futures prices) USD 2.30 MMBtu, (+0.7%, November 2019 contract)
Gold: USD 1,487 / troy ounce (-0.11%)
TASI: 8,052 (-0.5%) (YTD: +2.9%)
ADX: 5,054 (-0.1%) (YTD: +2.8%)
DFM: 2,778 (-0.1%) (YTD: +9.8%)
KSE Premier Market: 6,161 (-0.2%)
QE: 10,434 (+0.7%) (YTD: +1.3%)
MSM: 4,036 (+0.5%) (YTD: -6.7%)
BB: 1,515 (-0.1%) (YTD: +13.3%)