The Market Yesterday
EGP / USD CBE market average: Buy 15.74 | Sell 15.84
EGP / USD at CIB: Buy 15.74 | Sell 15.84
EGP / USD at NBE: Buy 15.75 | Sell 15.85
EGX30 (Wednesday): 13,762 (+1.0%)
Turnover: EGP 624 mn (2% below the 90-day average)
EGX 30 year-to-date: -1.4%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.0%. CIB, the index’s heaviest constituent, ended up 0.1%. EGX30’s top performing constituents were Telecom Egypt up 10.0%, Sidi Kerir Petrochemicals up 6.2%, and Ezz Steel up 5.9%. Yesterday’s worst performing stocks were Ibnsina Pharma down 1.8%, Egypt Kuwait Holding down 0.5% and Emaar Misr down 0.4%. The market turnover was EGP 624 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -82.4 mn
Regional: Net long | EGP +42.7 mn
Domestic: Net long | EGP +39.8 mn
Retail: 58.1% of total trades | 61.3% of buyers | 54.9% of sellers
Institutions: 41.9% of total trades | 38.7% of buyers | 45.1% of sellers
WTI: USD 53.09 (-0.7%)
Brent: USD 59.57 (+0.1%)
Natural Gas (Nymex, futures prices) USD 1.88 MMBtu, (-3.0%, February 2020 contract)
Gold: USD 1,581.60 / troy ounce (+0.4%)
TASI: 8,185 (+0.2%) (YTD: -2.4%)
ADX: 5,165 (-0.3%) (YTD: +1.8%)
DFM: 2,805 (+0.5%) (YTD: +1.5%)
KSE Premier Market: 7,059 (+0.5%)
QE: 10,440 (+0.2%) (YTD: +0.2%)
MSM: 4,079 (-0.2%) (YTD: +2.5%)
BB: 1,659 (+0.8%) (YTD: +3.0%)