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Thursday, 31 October 2019

The Market Yesterday

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

EGP / USD CBE market average: Buy 16.08 | Sell 16.20
EGP / USD at CIB: Buy 16.09 | Sell 16.19
EGP / USD at NBE: Buy 16.09 | Sell 16.19

EGX30 (Wednesday): 14,478 (+0.1%)
Turnover: EGP 835 mn (16% above the 90-day average)
EGX 30 year-to-date: +11.1%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.1%. CIB, the index’s heaviest constituent, ended down 0.4%. EGX30’s top performing constituents were Sidi Kerir Petrochemicals up 12.2%, AMOC up 2.8%, and Qalaa Holdings up 2.4%. Yesterday’s worst performing stocks were Egyptian Iron & Steel down 1.9%, Ezz Steel down 1.6% and Orascom Investment Holding down 1.4%. The market turnover was EGP 835 mn, and foreign investors were the sole net buyers.

Foreigners: Net long | EGP +39.7 mn
Regional: Net short | EGP -30.6 mn
Domestic: Net short | EGP -9.0 mn

Retail: 67.9% of total trades | 68.3% of buyers | 67.5% of sellers
Institutions: 32.1% of total trades | 31.7% of buyers | 32.5% of sellers

WTI: USD 54.92 (-0.3%)
Brent: USD 60.61 (-1.6%)

Natural Gas (Nymex, futures prices) USD 2.69 MMBtu, (+0.0%, December 2019 contract)
Gold: USD 1,497.60 / troy ounce (+0.1%)

TASI: 7,792 (+1.3%) (YTD: -0.4%)
ADX: 5,173 (+2.0%) (YTD: +5.3%)
DFM: 2,754 (+0.6%) (YTD: +8.9%)
KSE Premier Market: 6,230 (-0.8%)
QE: 10,283 (+0.6%) (YTD: -0.2%)
MSM: 4,012 (+0.2%) (YTD: -7.2%)
BB: 1,522 (-0.2%) (YTD: +13.8%)

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