The Market Yesterday
EGP / USD CBE market average: Buy 15.81 | Sell 15.94
EGP / USD at CIB: Buy 15.83 | Sell 15.93
EGP / USD at NBE: Buy 15.85 | Sell 15.95
EGX30 (Tuesday): 13,756 (+0.4%)
Turnover: EGP 763 mn (14% above the 90-day average)
EGX 30 year-to-date: -1.5%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.4%. CIB, the index’s heaviest constituent, ended up 0.7%. EGX30’s top performing constituents were Egyptian Resorts up 3.5%, Abu Dhabi Islamic Bank up 3.3%, and Credit Agricole up 1.9%. Yesterday’s worst performing stocks were Pioneers Holding down 4.0%, Sidi Kerir down 0.9% and SODIC down 0.8%. The market turnover was EGP 763 mn, and regional investors were the sole net sellers.
Foreigners: Net long | EGP +68.5 mn
Regional: Net short | EGP -121.9 mn
Domestic: Net long| EGP +53.3 mn
Retail: 46.6% of total trades | 43.8% of buyers | 49.3% of sellers
Institutions: 53.4% of total trades | 56.2% of buyers | 50.7% of sellers
WTI: USD 58.14 (+0.1%)
Brent: USD 64.44 (+0.4%)
Natural Gas (Nymex, futures prices) USD 2.18 MMBtu, (-0.1%, February 2020 contract)
Gold: USD 1,546 / troy ounce (-0.3%)
TASI: 8,474 (+0.4%) (YTD: +1.0%)
ADX: 5,168 (+1.1%) (YTD: +1.8%)
DFM: 2,802 (+1.0%) (YTD: +1.4%)
KSE Premier Market: 7,061 (+1.9%)
QE: 10,636 (+0.7%) (YTD: +2.0%)
MSM: 3,977 (+0.8%) (YTD: -0.1%)
BB: 1,620 (+1.2%) (YTD: +0.6%)