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Monday, 25 November 2019

The Market Yesterday

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

EGP / USD CBE market average: Buy 16.05 | Sell 16.17
EGP / USD at CIB: Buy 16.05 | Sell 16.15
EGP / USD at NBE: Buy 16.05 | Sell 16.15

EGX30 (Sunday): 14,050 (-0.3%)
Turnover: EGP 252 mn (65% below the 90-day average)
EGX 30 year-to-date: +7.8%

THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session down 0.3%. CIB, the index’s heaviest constituent, ended down 0.6%. EGX30’s top performing constituents were Egyptian Iron & Steel up 1.9%, Juhayna up 1.9%, and Eastern Company up 0.8%. Yesterday’s worst performing stocks were Orascom Construction down 2.5%, Abu Dhabi Islamic Bank down 1.1% and Orascom Development Egypt down 1.1%. The market turnover was EGP 252 mn, and local investors were the sole net buyers.

Foreigners: Net short | EGP -16.1 mn
Regional: Net short | EGP -7.4 mn
Domestic: Net local | EGP +23.5 mn

Retail: 62.7% of total trades | 59.8% of buyers | 65.6% of sellers
Institutions: 37.3% of total trades | 40.2% of buyers | 34.4% of sellers

WTI: USD 57.77 (-1.4%)

Brent: USD 63.39 (-0.9%)

Natural Gas: (Nymex, futures prices) USD 2.67 MMBtu, (+3.8%, December 2019 contract)

Gold: USD 1,470.50 / troy ounce (+0.0%)

TASI: 7,999 (-0.8%) (YTD: +2.2%)
ADX: 5,041 (-0.0%) (YTD: +2.6%)
DFM: 2,687 (+0.1%) (YTD: +6.2%)
KSE Premier Market: 6,339 (+0.4%)
QE: 10,253 (-0.1%) (YTD: -0.4%)
MSM: 4,081 (-0.0%) (YTD: -5.6%)
BB: 1,505 (-0.0%) (YTD: +12.6%)

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. © 2020 Enterprise Ventures LLC.