The Market Yesterday
EGP / USD CBE market average: Buy 15.73 | Sell 15.86
EGP / USD at CIB: Buy 15.73 | Sell 15.83
EGP / USD at NBE: Buy 15.76 | Sell 15.86
EGX30 (Thursday): 13,728 (-0.2%)
Turnover: EGP 468 mn (28% below the 90-day average)
EGX 30 year-to-date: -1.7%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 0.2%. CIB, the index’s heaviest constituent, ended down 0.8%. EGX30’s top performing constituents were Telecom Egypt up 4.6%, Juhayna up 2.1%, and Egyptian Iron & Steel up 2.0%. Thursday’s worst performing stocks were Eastern Co down 1.8%, CIRA down 1.3% and Heliopolis Housing down 1.0%. The market turnover was EGP 468 mn, and regional investors were the sole net buyers.
Foreigners: Net long | EGP -10.0 mn
Regional: Net short | EGP -24.5 mn
Domestic: Net long | EGP +14.5 mn
Retail: 51.6% of total trades | 53.2% of buyers | 50.0% of sellers
Institutions: 48.4% of total trades | 46.8% of buyers | 50.0% of sellers
WTI: USD 54.19 (-2.5%)
Brent: USD 60.69 (-2.2%)
Natural Gas (Nymex, futures prices) USD 1.89 MMBtu, (-1.7%, February 2020 contract)
Gold: USD 1,578.20 / troy ounce (+0.4%)
TASI: 8,386 (-0.5%) (YTD: -0.0%)
ADX: 5,244 (+0.2%) (YTD: +3.3%)
DFM: 2,837 (-0.4%) (YTD: +2.6%)
KSE Premier Market: 7,105 (+0.2%)
QE: 10,624 (-0.5%) (YTD: +1.9%)
MSM: 4,069 (+0.3%) (YTD: +2.2%)
BB: 1,653 (+0.1%) (YTD: +2.7%)