The Market Yesterday
EGP / USD CBE market average: Buy 16.16 | Sell 16.28
EGP / USD at CIB: Buy 16.17 | Sell 16.27
EGP / USD at NBE: Buy 16.19 | Sell 16.29
EGX30 (Tuesday): 14,061 (-0.9%)
Turnover: EGP 444 mn (37% below the 90-day average)
EGX 30 year-to-date: +7.9%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.9%. CIB, the index’s heaviest constituent, ended down 0.4%. EGX30’s top performing constituents were AMOC up 0.9%, Credit Agricole up 0.7%, and Oriental Weavers up 0.5%. Yesterday’s worst performing stocks were Ezz Steel down 3.6%, Egyptian Iron & Steel down 2.9%, and Ibnsina Pharma down 2.5%. The market turnover was EGP 444 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -41.1 mn
Regional: Net long | EGP +14.1 mn
Domestic: Net long | EGP +27.1 mn
Retail: 61.8% of total trades | 65.6% of buyers | 58.0% of sellers
Institutions: 38.2% of total trades | 34.4% of buyers | 42.0% of sellers
WTI: USD 52.94 (+0.3%)
Brent: USD 58.74 (-1.0%)
Natural Gas (Nymex, futures prices) USD 2.35 MMBtu, (+0.3%, November 2019 contract)
Gold: USD 1,484.50 / troy ounce (0.1%)
TASI: 7,481 (-1.6%) (YTD: -4.4%)
ADX: 5,081 (-0.1%) (YTD: +3.4%)
DFM: 2,823 (-0.5%) (YTD: +11.6%)
KSE Premier Market: 6,246 (+0.3%)
QE: 10,430 (+0.3%) (YTD: +1.3%)
MSM: 4,016 (+0.1%) (YTD: -7.1%)
BB: 1,519 (-0.1%) (YTD: +13.6%)