The Market Yesterday
EGP / USD CBE market average: Buy 16.05 | Sell 16.18
EGP / USD at CIB: Buy 16.06 | Sell 16.16
EGP / USD at NBE: Buy 16.05 | Sell 16.15
EGX30 (Wednesday): 13,760 (-0.2%)
Turnover: EGP 354 mn (51% below the 90-day average)
EGX 30 year-to-date: +5.6%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.2%. CIB, the index’s heaviest constituent, ended up 0.2%. EGX30’s top performing constituents were Cleopatra Hospitals up 1.7%, Ibnsina Pharma up 1.5%, and Orascom Development Egypt up 1.2%. Yesterday’s worst performing stocks were AMOC down 3.3%, Egyptian Resorts down 3.2% and Egyptian Iron & Steel down 2.8%. The market turnover was EGP 354 mn, and regional investors were the sole net sellers.
Foreigners: Net long | EGP +14.7 mn
Regional: Net short | EGP -16.0 mn
Domestic: Net long | EGP +1.3 mn
Retail: 49.9% of total trades | 43.7% of buyers | 56.1% of sellers
Institutions: 50.1% of total trades | 56.3% of buyers | 43.9% of sellers
WTI: USD 57.92 (-0.3%)
Brent: USD 64.06 (-0.3%)
Natural Gas (Nymex, futures prices) USD 2.50 MMBtu, (-0.2%, January 2020 contract)
Gold: USD 1,462.50 / troy ounce (+0.1%)
TASI: 7,853 (-0.3%) (YTD: +0.3%)
ADX: 5,043 (-0.1%) (YTD: +2.6%)
DFM: 2,711 (+0.2%) (YTD: +7.2%)
KSE Premier Market: 6,449 (+1.2%)
QE: 10,171 (-0.2%) (YTD: -1.2%)
MSM: 4,064 (-0.5%) (YTD: -6.0%)
BB: 1,518 (-0.1%) (YTD: +13.6%)