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Thursday, 21 November 2019

The Market Yesterday

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

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%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.