The Market Yesterday
EGP / USD CBE market average: Buy 16.19 | Sell 16.31
EGP / USD at CIB: Buy 16.2 | Sell 16.3
EGP / USD at NBE: Buy 16.22 | Sell 16.32
EGX30 (Sunday): 14,220 (-0.6%)
Turnover: EGP 345 mn (51% below the 90-day average)
EGX 30 year-to-date: +9.1%
THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session down 0.6%. CIB, the index’s heaviest constituent, ended down 0.9%. EGX30’s top performing constituents were Ezz Steel up 3.5%, Egyptian Iron & Steel up 2.9%, and Juhayna up 1.1%. Yesterday’s worst performing stocks were Madinet Nasr Housing down 1.5%, Sidi Kerir Petrochemicals down 1.4% and Orascom Development Egypt down 1.4%. The market turnover was EGP 345 mn, and regional investors were the sole net buyers.
Foreigners: Net short | EGP -0.9 mn
Regional: Net long | EGP +1.4 mn
Domestic: Net short | EGP -0.5 mn
Retail: 82.6% of total trades | 83.2% of buyers | 81.9% of sellers
Institutions: 17.4% of total trades | 16.8% of buyers | 18.1% 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: 7,631 (-0.8%) (YTD: -2.5%)
ADX: 5,088 (+0.3%) (YTD: +3.5%)
DFM: 2,824 (+0.5%) (YTD: +11.7%)
KSE Premier Market: 6,226 (+0.2%)
QE: 10,284 (+0.6%) (YTD: -0.1%)
MSM: 4,012 (-0.0%) (YTD: -7.2%)
BB: 1,519 (-0.2%) (YTD: +13.7%)