The Market Yesterday
EGP / USD CBE market average: Buy 15.66 | Sell 15.76
EGP / USD at CIB: Buy 15.66 | Sell 15.76
EGP / USD at NBE: Buy 15.68 | Sell 15.78
EGX30 (Wednesday): 13,485 (-1.2%)
Turnover: EGP 427 mn (29% below the 90-day average)
EGX 30 year-to-date: -0.8%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.2%. CIB, the index’s heaviest constituent, ended down 1.3%. EGX30’s top performing constituents were Orascom Construction up 1.5%, GB Auto up 0.9%, and Egypt Kuwait Holding up 0.4%. Yesterday’s worst performing stocks were Sidi Kerir Petrochemicals down 5.3%, Heliopolis Housing down 2.6% and AMOC down 2.6%. The market turnover was EGP 427 mn, and domestic investors were the sole net buyers.
Foreigners: Net Short | EGP -11.3 mn
Regional: Net Short | EGP -15.5 mn
Domestic: Net Long | EGP +26.7 mn
Retail: 63.9% of total trades | 68.4% of buyers | 59.3% of sellers
Institutions: 36.1% of total trades | 31.6% of buyers | 40.7% of sellers
WTI: USD 51.41 (+0.47%)
Brent: USD 55.94 (+0.27%)
Natural Gas (Nymex, futures prices) USD 1.84 MMBtu, (-0.05%, March 2020 contract)
Gold: USD 1,574.10 / troy ounce (+0.16%)
TASI: 7,915.36 (+0.25%) (YTD: -5.65%)
ADX: 5,065.69 (-0.15%) (YTD: -0.20%)
DFM: 2,729.92 (-0.45%) (YTD: -1.26%)
KSE Premier Market: 6,909.98 (-0.19%)
QE: 9,953.37 (-1.42%) (YTD: -4.53%)
MSM: 4,108.12 (+0.06%) (YTD: +3.19%)
BB: 1,661.73 (-0.07%) (YTD: +3.20%)