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Tuesday, 4 February 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 15.75 | Sell 15.85
EGP / USD at CIB: Buy 15.74 | Sell 15.84
EGP / USD at NBE: Buy 15.75 | Sell 15.85

EGX30 (Monday): 13,878 (-0.1%)
Turnover: EGP 470 mn (25% below the 90-day average)
EGX 30 year-to-date: -0.6%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 0.1%. CIB, the index’s heaviest constituent, ended up 0.8%. EGX30’s top performing constituents were AMOC up 2.0%, Sidi Kerir Petrochemicals up 1.0%, and CIB up 0.8%. Yesterday’s worst performing stocks were Telecom Egypt down 6.4%, Juhayna down 1.9% and Heliopolis Housing down 1.8%. The market turnover was EGP 470 mn, and regional investors were the sole net sellers.

Foreigners: Net Long | EGP +24.8 mn
Regional: Net Short | EGP -28.9 mn
Domestic: Net Long | EGP +4.1 mn

Retail: 57.0% of total trades | 50.2% of buyers | 63.7% of sellers
Institutions: 43.0% of total trades | 49.8% of buyers | 36.3% of sellers

WTI: USD 50.39 (+0.56%)
Brent: USD 54.68 (+0.42%)

Natural Gas (Nymex, futures prices) USD 1.82 MMBtu, (+0.05%, March 2020 contract)
Gold: USD 1,580.70 / troy ounce (-0.11%)

TASI: 8,112.69 (-0.55%) (YTD: -3.30%)
ADX: 5,076.67 (-0.77%) (YTD: +0.02%)
DFM: 2,771.31 (+0.18%) (YTD: +0.23%)
KSE Premier Market: 6,976.57 (-0.36%)
QE: 10,251.52 (-1.07%) (YTD: -1.67%)
MSM: 4,115.50 (+0.56%) (YTD: +3.37%)
BB: 1,662.50 (+0.17%) (YTD: +3.25%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2020 Enterprise Ventures LLC.