The Market Yesterday
EGP / USD CBE market average: Buy 15.58 | Sell 15.71
EGP / USD at CIB: Buy 15.59 | Sell 15.69
EGP / USD at NBE: Buy 15.60 | Sell 15.70
EGX30 (Tuesday): 12,420 (+1.1%)
Turnover: EGP 659 mn (12% above the 90-day average)
EGX 30 year-to-date: -11.0%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.1%. CIB, the index’s heaviest constituent, ended up 0.2%. EGX30’s top performing constituents were Credit Agricole up 7.1%, Palm Hills up 5.3%, and Orascom Development Egypt up 5.0%. Yesterday’s worst performing stocks were Dice down 1.1%, Juhayna down 0.5% and Ibnsina Pharma down 0.5%. The market turnover was EGP 659 mn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -58.3 mn
Regional: Net short | EGP -29.7 mn
Domestic: Net long | EGP +88.0 mn
Retail: 47.7% of total trades | 43.9% of buyers | 51.6% of sellers
Institutions: 52.3% of total trades | 56.1% of buyers | 48.4% of sellers
WTI: USD 46.97 (-0.45%)
Brent: USD 51.86 (-0.08%)
Natural Gas (Nymex, futures prices) USD 1.80 MMBtu, (-0.28%, April 2020 contract)
Gold: USD 1,647.40/ troy ounce (+0.18%)
TASI: 7,556 (+2.82%) (YTD: -9.93%)
ADX: 4,806 (+0.90%) (YTD: -5.31%)
DFM: 2,536 (-0.02%) (YTD: -8.27%)
KSE Premier Market: 6,515 (+2.28%)
QE: 9,258 (+0.47%) (YTD: -11.19%)
MSM: 4,096 (+0.37%) (YTD: +2.89%)
BB: 1,637 (-0.18%) (YTD: +1.73%)