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Thursday, 19 March 2020

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 15.69 | Sell 15.79
EGP / USD at CIB: Buy 15.70 | Sell 15.80
EGP / USD at NBE: Buy 15.68 | Sell 15.78

EGX30 (Wednesday): 8,757 (-4.8%)
Turnover: EGP 524 mn (11% below the 90-day average)
EGX 30 year-to-date: -37.3%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 4.8%. CIB, the index’s heaviest constituent, ended down 4.4%. EGX30’s top performing constituents were Juhayna up 1.4%, and Cleopatra Hospital up 0.5%. Yesterday’s worst performing stocks were Orascom Development Egypt down 9.7%, Dice down 9.7% and GB Auto down 9.7%. The market turnover was EGP 524 mn, and local investors were the sole net buyers.

Foreigners: Net short | EGP -136.1 mn
Regional: Net short | EGP -33.8 mn
Domestic: Net long | EGP +169.8 mn

Retail: 37.1% of total trades | 38.4% of buyers | 35.9% of sellers
Institutions: 62.9% of total trades | 61.6% of buyers | 64.1% of sellers

WTI: USD 20.37 (-24.4%)
Brent: USD 24.67 (-14.1%)

Natural Gas (Nymex, futures prices) USD 1.61 MMBtu, (-6.71%, April 2020 contract)
Gold: USD 1,496 / troy ounce (-1.90%)

TASI: 6,154 (+0.78%) (YTD: -26.63%)
ADX: 3,399 (+2.29%) (YTD: -33.02%)
DFM: 1,768 (+1.03%) (YTD: -36.02%)
KSE Premier Market: 4,664 (-0.91%)
QE: 8,661 (+1.65%) (YTD: -16.92%)
MSM: 3,607 (-1.45%) (YTD: -9.4%)
BB: 1,374 (-0.33%) (YTD: -14.61%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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