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Monday, 21 October 2019

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 16.16 | Sell 16.28
EGP / USD at CIB:
Buy 16.16 | Sell 16.26
EGP / USD at NBE: Buy 16.18 | Sell 16.28

EGX30 (Sunday): 14,239 (+0.2%)
Turnover: EGP 336 mn (53% below the 90-day average)
EGX 30 year-to-date: +9.2%

THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session up 0.2%. CIB, the index’s heaviest constituent, ended up 1.1%. EGX30’s top performing constituents were Pioneers Holding up 1.3%, Egypt Kuwait Holding up 1.2%, and CIB up 1.1%. Yesterday’s worst performing stocks were SODIC down 2.1%, Ezz Steel down 2.0% and Egyptian Resorts down 1.8%. The market turnover was EGP 336 mn, and foreign investors were the sole net buyers.

Foreigners: Net long | EGP +15.7 mn
Regional: Net short | EGP -1.2 mn
Domestic: Net short | EGP -14.5 mn

Retail: 82.0% of total trades | 77.0% of buyers | 87.1% of sellers
Institutions: 18.0% of total trades | 23.0% of buyers | 12.9% of sellers

WTI: USD 58.78 (-0.3%)
Brent: USD 59.42 (-0.8%)

Natural Gas (Nymex, futures prices) USD 2.32 MMBtu, (+0.1%, November 2019 contract)
Gold: USD 1,494.10 / troy ounce (-0.3%)

TASI: 7,784 (+2.0%) (YTD: -0.5%)
ADX: 5,089 (-0.1%) (YTD: +3.6%)
DFM: 2,766 (-0.5%) (YTD: +9.3%)
KSE Premier Market: 6,252 (-0.8%)
QE: 10,412 (-0.2%) (YTD: +1.1%)
MSM: 4,015 (+0.3%) (YTD: -7.1%)
BB: 1,527 (+0.0%) (YTD: +14.2%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.