The Market Yesterday
EGP / USD CBE market average: Buy 15.59 | Sell 15.69
EGP / USD at CIB: Buy 15.59 | Sell 15.69
EGP / USD at NBE: Buy 15.60 | Sell 15.70
EGX30 (Wednesday): 12,182 (-1.9%)
Turnover: EGP 483 mn (18% below the 90-day average)
EGX 30 year-to-date: -12.7%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.9%. CIB, the index’s heaviest constituent, ended down 3.0%. EGX30’s top performing constituents were Emaar Misr up 3.8%, Orascom Development Egypt up 3.5%, and Heliopolis Housing up 0.7%. Yesterday’s worst performing stocks were Credit Agricole down 3.8%, Madinet Nasr Housing down 3.3% and CIB down 3.0%. The market turnover was EGP 483 mn, and foreign investors were the sole net buyers.
Foreigners: Net long | EGP +21.9 mn
Regional: Net short | EGP -21.8 mn
Domestic: Net short | EGP -0.2 mn
Retail: 49.5% of total trades | 53.2% of buyers | 45.9% of sellers
Institutions: 50.5% of total trades | 46.8% of buyers | 54.1% of sellers
WTI: USD 46.78 (-0.85%)
Brent: USD 51.57 (-0.56%)
Natural Gas (Nymex, futures prices) USD 1.83 MMBtu, (+1.50%, April 2020 contract)
Gold: USD 1,643.00 / troy ounce (-0.09%)
TASI: 7,524 (-0.42%) (YTD: -10.31%)
ADX: 4,669 (-2.84%) (YTD: -8.0%)
DFM: 2,479 (-2.24%) (YTD: -10.32%)
KSE Premier Market: 6,452 (-0.98%)
QE: 9,246 (-0.13%) (YTD: -11.31%)
MSM: 4,101 (+0.13%) (YTD: +3.02%)
BB: 1,629 (-0.52%) (YTD: +1.20%)