The Market Yesterday
EGP / USD CBE market average: Buy 16.06 | Sell 16.18
EGP / USD at CIB: Buy 16.06 | Sell 16.16
EGP / USD at NBE: Buy 16.07 | Sell 16.17
EGX30 (Monday): 14,379 (-1.2%)
Turnover: EGP 535 mn (26% below the 90-day average)
EGX 30 year-to-date: +10.3%
THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 1.2%. CIB, the index’s heaviest constituent, ended down 1.0%. EGX30’s top performing constituents were Egyptian Resorts up 1.3%, Abu Dhabi Islamic Bank up 0.1%, and Ibnsina Pharma up 0.1%. Yesterday’s worst performing stocks were Orascom Investment Holding down 3.1%, Madinet Nasr Housing down 3.0% and TMG Housing down 2.6%. The market turnover was EGP 535 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -11.9 mn
Regional: Net long | EGP +6.0 mn
Domestic: Net long | EGP +6.0 mn
Retail: 47.8% of total trades | 48.1% of buyers | 47.5% of sellers
Institutions: 52.2% of total trades | 51.9% of buyers | 52.5% of sellers
WTI: USD 56.94 (-0.2%)
Brent: USD 62.44 (-1.4%)
Natural Gas (Nymex, futures prices) USD 2.55 MMBtu, (-0.8%, December 2019 contract)
Gold: USD 1,470.70 / troy ounce (-0.1%)
TASI: 8,000 (+0.9%) (YTD: +2.2%)
ADX: 5,046 (-0.3%) (YTD: +2.7%)
DFM: 2,682 (-0.9%) (YTD: +6.0%)
KSE Premier Market: 6,279 (+0.3%)
QE: 10,296 (-0.2%) (YTD: -0.0%)
MSM: 4,085 (-0.2%) (YTD: -5.5%)
BB: 1,501 (+0.2%) (YTD: +12.3%)