The Market Yesterday
EGP / USD CBE market average: Buy 16.24 | Sell 16.36
EGP / USD at CIB: Buy 16.24 | Sell 16.34
EGP / USD at NBE: Buy 16.23 | Sell 16.33
EGX30 (Tuesday): 14,349 (-0.6%)
Turnover: EGP 657 mn (5% below the 90-day average)
EGX 30 year-to-date: +10.0%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.6%. CIB, the index’s heaviest constituent, endeddown 0.2%. EGX30’s top performing constituents were Orascom Investment Holding up 2.4%, Kima up 1.1%, and Oriental Weavers up 1.0%. Yesterday’s worst performing stocks were CIRA down 3.5%, ADIB down 2.8% and Egyptian Iron & Steel down 2.7%. The market turnover was EGP 657 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -8.9 mn
Regional: Net long | EGP +4.2 mn
Domestic: Net long | EGP +4.8 mn
Retail: 67.9% of total trades | 66.8% of buyers | 68.9% of sellers
Institutions: 32.1% of total trades | 33.2% of buyers | 31.1% of sellers
WTI: USD 52.63 (-0.2%)
Brent: USD 58.12 (-0.4%)
Natural Gas (Nymex, futures prices) USD 2.29 MMBtu, (-0.7%, November 2019 contract)
Gold: USD 1,503.90 / troy ounce (-0.0%)
TASI: 7,832 (-0.6%) (YTD: -0.1%)
ADX: 5.070 (-0.1%) (YTD: +3.2%)
DFM: 2,786 (-0.2%) (YTD: +10.6%)
KSE Premier Market: 6,236 (+0.1%)
QE: 10,271 (-0.3%) (YTD: -0.3%)
MSM: 4,035 (+0.2%) (YTD: -6.7%)
BB: 1,517 (-0.1%) (YTD: +13.5%)