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Wednesday, 13 November 2019

The Market Yesterday

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

EGP / USD CBE market average: Buy 16.08 | Sell 16.21
EGP / USD at CIB: Buy 16.09 | Sell 16.19
EGP / USD at NBE: Buy 16.08 | Sell 16.18

EGX30 (Tuesday): 14,670 (-0.7%)
Turnover: EGP 698 mn (5% below the 90-day average)
EGX 30 year-to-date: +12.5%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.7%. CIB, the index’s heaviest constituent, ended down 0.4%. EGX30’s top performing constituents were Egyptian Resorts up 5.2%, Palm Hills up 2.9%, and Madinet Nasr Housing up 1.7%. Yesterday’s worst performing stocks were Sidi Kerir Petrochemicals down 6.0%, Eastern Company down 5.0% and AMOC down 2.1%. The market turnover was EGP 698 mn, and regional investors were the sole net sellers.

Foreigners: Net long | EGP +9.7 mn
Regional: Net short | EGP -26.6 mn
Domestic: Net long | EGP +16.9 mn

Retail: 64.6% of total trades | 68.6% of buyers | 60.5% of sellers
Institutions: 35.4% of total trades | 31.4% of buyers | 39.5% of sellers

WTI: USD 56.75 (-0.1%)
Brent: USD 62.06 (-0.2%)

Natural Gas (Nymex, futures prices) USD 2.63 MMBtu, (+0.2%, December 2019 contract)
Gold: USD 1,457.90 / troy ounce (+0.3%)

TASI: 7,981 (+0.7%) (YTD: +2.0%)
ADX: 5,075 (-0.2%) (YTD: +3.3%)
DFM: 2,662 (-0.4%) (YTD: +5.3%)
KSE Premier Market: 6,259 (+0.0%)
QE: 10,226 (-0.8%) (YTD: -0.7%)
MSM: 4,053 (-0.5%) (YTD: -6.3%)
BB: 1,510 (-0.4%) (YTD: +12.9%)

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