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Sunday, 19 January 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 15.76 | Sell 15.88
EGP / USD at CIB: Buy 15.77 | Sell 15.87
EGP / USD at NBE: Buy 15.80 | Sell 15.90

EGX30 (Thursday): 13,824 (+0.4%)
Turnover: EGP 740 mn (11% above the 90-day average)
EGX 30 year-to-date: -1.0%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.4%. CIB, the index’s heaviest constituent, ended up 0.6%. EGX30’s top performing constituents were Abu Dhabi Islamic Bank up 3.4%, Juhayna up 2.3%, and Orascom Construction up 1.9%. Thursday’s worst performing stocks were Egyptian Iron & Steel down 2.3%, Pioneers Holding down 1.8% and Cleopatra Hospitals down 1.6%. The market turnover was EGP 740 mn, and local investors were the sole net buyers.

Foreigners: Net short | EGP -25.7 mn
Regional: Net short | EGP -15.1 mn
Domestic: Net long | EGP +40.8 mn

Retail: 51.0% of total trades | 49.0% of buyers | 53.0% of sellers
Institutions: 49.0% of total trades | 51.0% of buyers | 47.0% of sellers

WTI: USD 58.54 (+0.0%)
Brent: USD 64.85 (+0.4%)

Natural Gas (Nymex, futures prices) USD 2.00 MMBtu, (-3.6%, February 2020 contract)
Gold: USD 1,560.30 / troy ounce (+0.6%)

TASI: 8,459 (+0.3%) (YTD: +0.8%)
ADX: 5,179 (+0.1%) (YTD: +2.0%)
DFM: 2,828 (+0.4%) (YTD: +2.3%)
KSE Premier Market: 7,089 (-0.0%)
QE: 10,698 (+0.6%) (YTD: +2.6%)
MSM: 4,060 (+0.5%) (YTD: +2.0%)
BB: 1,639 (+0.2%) (YTD: +1.8%)

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