The Market Yesterday
EGP / USD CBE market average: Buy 16.07 | Sell 16.19
EGP / USD at CIB: Buy 16.07 | Sell 16.17
EGP / USD at NBE: Buy 16.09 | Sell 16.19
EGX30 (Tuesday): 14,790 (+1.1%)
Turnover: EGP 824 mn (14% above the 90-day average)
EGX 30 year-to-date: +13.5%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.1%. CIB, the index’s heaviest constituent, ended up 2.7%. EGX30’s top performing constituents were Egypt Kuwait Holding up 1.7%, Cleopatra Hospital up 1.3%, and Abu Dhabi Islamic Bank up 1.1%. Yesterday’s worst performing stocks were Qalaa Holding down 1.6%, KIMA down 1.5% and Orascom Construction down 1.4%. The market turnover was EGP 824 mn, and foreign investors were the sole net buyers.
Foreigners: Net long | EGP +78.4 mn
Regional: Net short | EGP -13.2 mn
Domestic: Net short | EGP -65.2 mn
Retail: 57.1% of total trades | 50.4% of buyers | 63.7% of sellers
Institutions: 42.9% of total trades | 49.6% of buyers | 36.3% of sellers
WTI: USD 57.17 (-0.1%)
Brent: USD 62.96 (+1.3%)
Natural Gas (Nymex, futures prices) USD 2.87 MMBtu, (+0.4%, December 2019 contract)
Gold: USD 1,485 / troy ounce (+0.1%)
TASI: 7,782 (+1.7%) (YTD: -0.6%)
ADX: 5,154 (+0.9%) (YTD: +4.9%)
DFM: 2,687 (-0.7%) (YTD: +6.3%)
KSE Premier Market: 6,150 (-0.4%)
QE: 10,303 (+1.0%) (YTD: +0.1%)
MSM: 4,026 (+0.1%) (YTD: -6.9%)
BB: 1,518 (-0.2%) (YTD: +13.5%)