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 16.05 | Sell 16.15
EGX30 (Tuesday): 13,782 (-1.4%)
Turnover: EGP 1.1 bn (52% above the 90-day average)
EGX 30 year-to-date: +5.7%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 1.4%. CIB, the index’s heaviest constituent, ended down 1.1%. EGX30’s top performing constituents were Emaar Misr up 1.1%, Elsewedy Electric up 0.5%, and Credit Agricole up 0.3%. Yesterday’s worst performing stocks were AMOC down 4.5%, Egypt Kuwait Holding down 4.2% and Egyptia Iron & Steel down 3.8%. The market turnover was EGP 1.1 bn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -228.1 mn
Regional: Net short | EGP -30.3 mn
Domestic: Net long | EGP +258.4 mn
Retail: 27.1% of total trades | 33.6% of buyers | 20.6% of sellers
Institutions: 72.9% of total trades | 66.4% of buyers | 79.4% of sellers
WTI: USD 58.24 (-0.3%)
Brent: USD 64.27 (+1.0%)
Natural Gas (Nymex, futures prices) USD 2.47 MMBtu, (-2.4%, January 2020 contract)
Gold: USD 1,467.60 / troy ounce (+0.0%)
TASI: 7,877 (-1.7%) (YTD: +0.7%)
ADX: 5,046 (-0.9%) (YTD: +2.7%)
DFM: 2,705 (-0.0%) (YTD: +6.9%)
KSE Premier Market: 6,373 (-0.8%)
QE: 10,190 (-1.2%) (YTD: -1.1%)
MSM: 4,064 (-0.5%) (YTD: -6.0%)
BB: 1,520 (-0.0%) (YTD: +13.7%)