The Market Yesterday
EGP / USD CBE market average: Buy 15.72 | Sell 15.85
EGP / USD at CIB: Buy 15.73 | Sell 15.83
EGP / USD at NBE: Buy 15.76 | Sell 15.86
EGX30 (Monday): 13,774 (-1.0%)
Turnover: EGP 511 mn (22% below the 90-day average)
EGX 30 year-to-date: -1.4%
THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 1.0%. CIB, the index’s heaviest constituent, ended down 1.0%. EGX30’s top performing constituents were Abu Dhabi Islamic Bank up 0.5%, Telecom Egypt up 0.1%, and Egypt Kuwait Holding up 0.1%. Yesterday’s worst performing stocks were Ezz Steel down 3.4%, Egyptian Resorts down 3.3% and Cleopatra Hospital down 3.2%. The market turnover was EGP 511 mn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -19.9 mn
Regional: Net short | EGP -36.7 mn
Domestic: Net long | EGP +56.6 mn
Retail: 56.1% of total trades | 52.9% of buyers | 59.3% of sellers
Institutions: 43.9% of total trades | 47.1% of buyers | 40.7% of sellers
WTI: USD 58.66 (+0.2%)
Brent: USD 65.25 (+0.6%)
Natural Gas (Nymex, futures prices) USD 1.94 MMBtu, (-3.2%, February 2020 contract)
Gold: USD 1,560.60 / troy ounce (+0.0%)
TASI: 8,469 (+0.2%) (YTD: +1.0%)
ADX: 5,213 (+0.8%) (YTD: +2.7%)
DFM: 2,850 (-0.4%) (YTD: +3.1%)
KSE Premier Market: 7,123 (-0.2%)
QE: 10,689 (-0.2%) (YTD: +2.5%)
MSM: 4,075 (+0.1%) (YTD: +2.4%)
BB: 1,642 (+0.1%) (YTD: +2.0%)