The Market Yesterday
EGP / USD CBE market average: Buy 16.08 | Sell 16.20
EGP / USD at CIB: Buy 16.08 | Sell 16.18
EGP / USD at NBE: Buy 16.07 | Sell 16.17
EGX30 (Wednesday): 13,427 (-0.6%)
Turnover: EGP 636 mn (13% below the 90-day average)
EGX 30 year-to-date: +3.0%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down -0.6%. CIB, the index’s heaviest constituent, ended up 0.1%. EGX30’s top performing constituents were Egyptian Resorts up 2.5%, Ibnsina Pharma up 0.1%, and CIB up 0.1%. Yesterday’s worst performing stocks were Sidi Kerir Petrochemicals down 8.1%, Madinet Nasr Housing down 3.2% and Orascom Development Egypt down 3.2%. The market turnover was EGP 636 mn, and domestic investors were the sole net buyers.
Foreigners: Net Short | EGP -70.9 mn
Regional: Net Short | EGP -6.4 mn
Domestic: Net Long | EGP +77.3 mn
Retail: 46.1% of total trades | 42.5% of buyers | 49.8% of sellers
Institutions: 53.9% of total trades | 57.5% of buyers | 50.2% of sellers
WTI: USD 58.76 (-0.81%)
Brent: USD 63.97 (-0.58%)
Natural Gas (Nymex, futures prices) USD 2.25 MMBtu (+0.27%, January 2020 contract)
Gold: USD 1,479.20 / troy ounce (+0.28%)
TASI: 8,133.72 (+0.83%) (YTD: +3.92%)
ADX: 5,040.23 (+0.40%) (YTD: +2.55%)
DFM: 2,713.57 (+0.97%) (YTD: +7.27%)
KSE Premier Market: 6,749.89 (+0.02%)
QE: 10,339.36 (+0.22%) (YTD: +0.39%)
MSM: 4,014.04 (-0.9%) (YTD: -7.16%)
BB: 1,555.16 (+0.35%) (YTD: +16.29%)