The Market Yesterday
EGP / USD CBE market average: Buy 16.07 | Sell 16.17
EGP / USD at CIB: Buy 16.06 | Sell 16.16
EGP / USD at NBE: Buy 16.05 | Sell 16.15
EGX30 (Monday): 13,974 (-0.5%)
Turnover: EGP 549 mn (23% below the 90-day average)
EGX 30 year-to-date: +7.2%
THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 0.5%. CIB, the index’s heaviest constituent, ended down 0.7%. EGX30’s top performing constituents were Credit Agricole up 1.8%, Orascom Construction up 1.7%, and SODIC up 0.8%. Yesterday’s worst performing stocks were Juhayna down 2.5%, TMG Holding down 2.3% and Egyptian Resorts down 1.9%. The market turnover was EGP 549 mn, and regional investors were the sole net sellers.
Foreigners: Net long | EGP +16.3 mn
Regional: Net short | EGP -58.1 mn
Domestic: Net long | EGP +41.8 mn
Retail: 42.2% of total trades | 43.5% of buyers | 40.8% of sellers
Institutions: 57.8% of total trades | 56.5% of buyers | 59.2% of sellers
WTI: USD 57.94 (-0.1%)
Brent: USD 63.65 (+0.4%)
Natural Gas (Nymex, futures prices) USD 2.52 MMBtu, (-0.4%, December 2019 contract)
Gold: USD 1,460.20 / troy ounce (-0.3%)
TASI: 8,013 (+0.2%) (YTD: +2.4%)
ADX: 5,091 (+1.0%) (YTD: +3.6%)
DFM: 2,705 (+0.7%) (YTD: +7.0%)
KSE Premier Market: 6,421 (+1.3%)
QE: 10,310 (+0.6%) (YTD: +0.1%)
MSM: 4,083 (+0.0%) (YTD: -5.6%)
BB: 1,520 (+1.0%) (YTD: +13.7%)