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Wednesday, 27 November 2019

The Market Yesterday

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

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%)

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.