The Market Yesterday
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%)