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Thursday, 26 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): 9,866 (+1.0%)
Turnover: EGP 614 mn (2% above the 90-day average)
EGX 30 year-to-date: +29.3%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1%. CIB, the index’s heaviest constituent, ended down 0.3%. EGX30’s top performing constituents were Egyptian Resorts up 9.4%, Kima up 6.5%, and AMOC up 6.4%. Yesterday’s worst performing stocks were Credit Agricole down 2.9%, GB Auto down 2.8% and TMG Holding down 0.9%. The market turnover was EGP 614 mn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -153.2 mn
Regional: Net long | EGP +2.3 mn
Domestic: Net long | EGP +150.8 mn

Retail: 43.7% of total trades | 49.7% of buyers | 37.7% of sellers
Institutions: 56.3% of total trades | 50.3% of buyers | 62.3% of sellers

WTI: USD 24.56 (+2.3%)
Brent: USD 27.55 (+1.5%)

Natural Gas (Nymex, futures prices) USD 1.66 MMBtu, (+0.48%, April 2020 contract)
Gold: USD 1,642.00 / troy ounce (-1.28%)

TASI: 6,208 (+0.24%) (YTD: -25.99%)
ADX: 3,921 (+7.39%) (YTD: -22.74%)
DFM: 1,823 (+6.24%) (YTD: -34.07%)
KSE Premier Market: 5,342 (+2.72%)
QE: 8,534 (+3.12%) (YTD: -18.14%)
MSM: 3,556 (+0.06%) (YTD: -10.68%)
BB: 1,385 (+1.82%) (YTD: -13.98%)

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