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Wednesday, 18 March 2020

The Market Yesterday

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EGP / USD CBE market average: Buy 15.68 | Sell 15.81
EGP / USD at CIB: Buy 15.70 | Sell 15.80
EGP / USD at NBE: Buy 15.68 | Sell 15.78

EGX30 (Tuesday): 9,202 (-2.4%)
Turnover: EGP 552 mn (7% below the 90-day average)
EGX 30 year-to-date: -34.1%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 2.4%. CIB, the index’s heaviest constituent, ended up 0.9%. EGX30’s top performing constituents were CIB up 0.9%, Eastern Company up 0.9%, and Credit Agricole up 0.8%. Yesterday’s worst performing stocks were Egyptian Resorts down 10.0%, EFG Hermes down 10.0% and Sidi Kerir Petrochemicals down 9.8%. The market turnover was EGP 552 mn, and local investors were the sole net buyers.

Foreigners: Net short | EGP -20.3 mn
Regional: Net short | EGP -34.4 mn
Domestic: Net long | EGP +54.7 mn

Retail: 54.1% of total trades | 54.1% of buyers | 54.1% of sellers
Institutions: 45.9% of total trades | 45.9% of buyers | 45.9% of sellers

WTI: USD 29.96 (+0.04%)
Brent: USD 28.96 (+0.80%)

Natural Gas (Nymex, futures prices) USD 1.70 MMBtu, (-1.62%, April 2020 contract)
Gold: USD 1,534.50 / troy ounce (+0.57%)

TASI: 6,107 (+2.47%) (YTD: -27.20%)
ADX: 3,323 (-6.33%) (YTD: -34.53%)
DFM: 1,750 (-4.98%) (YTD: -36.68%)
KSE Premier Market: 4,707 (+0.99%)
QE: 8,521 (+1.06%) (YTD: -18.27%)
MSM: 3,660 (-0.58%) (YTD: -8.06%)
BB: 1,379 (-1.13%) (YTD: -14.33%)

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