The Market Yesterday
EGP / USD CBE market average: Buy 16.21 | Sell 16.33
EGP / USD at CIB: Buy 16.22 | Sell 16.32
EGP / USD at NBE: Buy 16.23 | Sell 16.33
EGX30 (Thursday): 14,302 (+0.8%)
Turnover: EGP 634 mn (9% below the 90-day average)
EGX 30 year-to-date: +9.7%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.8%. CIB, the index’s heaviest constituent, ended up 1.1%. EGX30’s top performing constituents were CIRA up 3.9%, Egyptian Resorts up 3.1%, and Heliopolis Housing up 2.6%. Thursday’s worst performing stocks were Orascom Construction down 1.0%, Palm Hills down 0.5% and EFG Hermes down 0.2%. The market turnover was EGP 634 mn, and foreign investors were the sole net buyers.
Foreigners: Net long | EGP +43.5 mn
Regional: Net short | EGP -25.3 mn
Domestic: Net short | EGP -18.3 mn
Retail: 60.2% of total trades | 51.3% of buyers | 69.1% of sellers
Institutions: 39.8% of total trades | 48.7% of buyers | 30.9% of sellers
WTI: USD 54.70 (+2.2%)
Brent: USD 60.51 (+2.4%)
Natural Gas (Nymex, futures prices) USD 2.21 MMBtu, (-0.2%, November 2019 contract)
Gold: USD 1,488.70 / troy ounce (-0.8%)
TASI: 7,695 (-0.3%) (YTD: -1.7%)
ADX: 5,073 (+0.4%) (YTD: +3.2%)
DFM: 2,810 (+0.0%) (YTD: +11.1%)
KSE Premier Market: 6,213 (+0.0%)
QE: 10,227 (+0.3%) (YTD: -0.7%)
MSM: 4,013 (-0.7%) (YTD: -7.2%)
BB: 1,523 (+0.3%) (YTD: +13.9%)