The Market Yesterday
EGP / USD CBE market average: Buy 16.04 | Sell 16.16
EGP / USD at CIB: Buy 16.04 | Sell 16.14
EGP / USD at NBE: Buy 16.05 | Sell 16.15
EGX30 (Wednesday): 14,224 (-0.6%)
Turnover: EGP 595 mn (18% below the 90-day average)
EGX 30 year-to-date: +9.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.6%. CIB, the index’s heaviest constituent, ended down 1.0%. EGX30’s top performing constituents were Kima up 3.2%, Sidi Kerir Petrochemicals up 1.3%, and AMOC up 1.2%. Yesterday’s worst performing stocks were Egyptian Resorts down 2.6%, Juhayna down 2.0% and Heliopolis Housing down 1.8%. The market turnover was EGP 595 mn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -5.7 mn
Regional: Net short | EGP -17.9 mn
Domestic: Net long | EGP +23.5 mn
Retail: 58.7% of total trades | 60.6% of buyers | 56.8% of sellers
Institutions: 41.3% of total trades | 39.4% of buyers | 43.2% of sellers
WTI: USD 57.11 (+3.44%)
Brent: USD 61.54 (+2.5%)
Natural Gas (Nymex, futures prices) USD 2.56 MMBtu, (+2.0%, December 2019 contract)
Gold: USD 1,474.20 / troy ounce (-0.0%)
TASI: 8,054 (+0.1%) (YTD: +2.9%)
ADX: 5,092 (+0.1%) (YTD: +3.6%)
DFM: 2,703 (+0.1%) (YTD: +6.9%)
KSE Premier Market: 6,311 (+0.1%)
QE: 10,336 (-0.0%) (YTD: +0.4%)
MSM: 4,085 (-0.0%) (YTD: -5.5%)
BB: 1,509 (+0.2%) (YTD: +12.9%)