The Market Yesterday
EGP / USD CBE market average: Buy 15.57 | Sell 15.70
EGP / USD at CIB: Buy 15.58 | Sell 15.68
EGP / USD at NBE: Buy 15.58 | Sell 15.68
EGX30 (Sunday): 12,223 (-6.0%)
Turnover: EGP 598 mn (2% above the 90-day average)
EGX 30 year-to-date: -12.46%
THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session down 6.0%. CIB, the index’s heaviest constituent, ended down 5.3%. Yesterday’s worst performing stocks were Orascom Development Egypt down 14.4%, Heliopolis Housing down 13.8% and Ezz Steel down 12.3%. The market turnover was EGP 598 mn, and regional investors were the sole net buyers.
Foreigners: Net short | EGP -9.5 mn
Regional: Net long | EGP +11.2 mn
Domestic: Net short | EGP -1.8 mn
Retail: 58.4% of total trades | 58.8% of buyers | 58.0% of sellers
Institutions: 41.6% of total trades | 41.2% of buyers | 42.0% of sellers
WTI: USD 44.76 (-4.95%)
Brent: USD 49.67 (-3.98%)
Natural Gas: (Nymex, futures prices) USD 1.68 MMBtu, (-3.88%, April 2020 contract)
Gold: USD 1,566.70 / troy ounce (-4.61%)
TASI: 7,345 (-3.71%) (YTD: -12.45%)
ADX: 4,723 (-3.62%) (YTD: -6.93%)
DFM: 2,473 (-4.49%) (YTD: -10.53%)
KSE Premier Market: 5,991 (-10.98%)
QE: 9,490 (-0.61%) (YTD: -6.15%)
MSM: 4,081 (-1.20%) (YTD: +2.52%)
BB: 1,604 (-3.37%) (YTD: -0.35%)