The Market Yesterday
EGP / USD CBE market average: Buy 15.74 | Sell 15.84
EGP / USD at CIB: Buy 15.72 | Sell 15.82
EGP / USD at NBE: Buy 15.74 | Sell 15.84
EGX30 (Wednesday): 13,987 (+0.5%)
Turnover: EGP 615 mn
EGX 30 year-to-date: +0.2%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.5%. CIB, the index’s heaviest constituent, ended up 0.3%. EGX30’s top performing constituents were Telecom Egypt up 5.3%, Dice up 4.9%, and Eastern Company up 2.9%. Yesterday’s worst performing stocks were KIMA down 2.9%, Ibnsina Pharma down 1.6% and Orascom Development Egypt down 1.0%. The market turnover was EGP 615 mn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +86.0 mn
Regional: Net Short | EGP -31.7 mn
Domestic: Net Short | EGP -54.4 mn
Retail: 49.9% of total trades | 44.4% of buyers | 55.5% of sellers
Institutions: 50.1% of total trades | 55.6% of buyers | 44.5% of sellers
WTI: USD 51.89 (+2.25%)
Brent: USD 56.30 (+1.85%)
Natural Gas (Nymex, futures prices) USD 1.88 MMBtu, (+0.75%, March 2020 contract)
Gold: USD 1,558.20 / troy ounce (-0.29%)
TASI: 8,094.36 (-0.54%) (YTD: -3.51%)
ADX: 5,080.79 (-0.29%) (YTD: +0.10%)
DFM: 2,771.76 (+0.16%) (YTD: +0.25%)
KSE Premier Market: 6,963.46 (-0.17%)
QE: 10,297.54 (+0.27%) (YTD: -1.23%)
MSM: 4,125.08 (-0.48%) (YTD: +3.61%)
BB: 1,654.99 (-0.51%) (YTD: +2.78%)