The Market Yesterday
EGP / USD CBE market average: Buy 16.06 | Sell 16.18
EGP / USD at CIB: Buy 16.07 | Sell 16.17
EGP / USD at NBE: Buy 16.05 | Sell 16.15
EGX30 (Tuesday): 13,470 (-0.5%)
Turnover: EGP 716 mn (0% below the 90-day average)
EGX 30 year-to-date: +3.3%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.5%. CIB, the index’s heaviest constituent, ended down 0.7%. EGX30’s top performing constituents were Qalaa Holdings up 2.4%, Palm Hills up 2.1%, and Heliopolis Housing up 1.3%. Yesterday’s worst performing stocks were Elsewedy Electric down 2.5%, Egyptian Resorts down 2.3% and Orascom Development Egypt down 1.9%. The market turnover was EGP 716 mn, and regional investors were the sole net sellers.
Foreigners: Net Long | EGP +26.0 mn
Regional: Net Short | EGP -36.8 mn
Domestic: Net Long | EGP +10.8 mn
Retail: 51.8% of total trades | 48.4% of buyers | 55.3% of sellers
Institutions: 48.2% of total trades | 51.6% of buyers | 44.7% of sellers
WTI: USD 56.41 (+0.55%)
Brent: USD 60.82 (-0.16%)
Natural Gas (Nymex, futures prices) USD 2.45 MMBtu, (+0.45%, January 2020 contract)
Gold: USD 1,482.40 / troy ounce (-0.13%)
TASI: 7,883.30 (+0.63%) (YTD: +0.72%)
ADX: 5,030.76 (-0.25%) (YTD: +2.35%)
DFM: 2,678.70 (-1.22%) (YTD: +5.89%)
KSE Premier Market: 6,622.68 (-0.59%)
QE: 10,186.09 (+1.79%) (YTD: -1.10%)
MSM: 4,056.79 (-0.45%) (YTD: -6.17%)
BB: 1,540.53 (+0.17%) (YTD: +15.20%)