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Wednesday, 6 May 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 (Tuesday): 10,188 (+1.1%)
Turnover: EGP 689 mn (1% above the 90-day average)
EGX 30 year-to-date: -27.0%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.1%. CIB, the index’s heaviest constituent, ended up 0.9%. EGX30’s top performing constituents were GB Auto up 4.0%, Telecom Egypt up 3.0%, and Ibnsina Pharma up 2.7%. Yesterday’s worst performing stocks were Dice down 6.8%, EFG Hermes down 1.4% and Credit Agricole down 0.8%. The market turnover was EGP 689 mn, and local investors were the sole net sellers.

Foreigners: Net Long | EGP +23.7 mn
Regional: Net Long | EGP +4.7 mn
Domestic: Net Short | EGP -28.3 mn

Retail: 65.1% of total trades | 66.2% of buyers | 63.9% of sellers
Institutions: 34.9% of total trades | 33.8% of buyers | 36.1% of sellers

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PHAROS VIEW

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WTI: USD 24.15 (+18.44%)
Brent: USD 30.31 (+11.43%)

Natural Gas (Nymex, futures prices) USD 2.14 MMBtu, (+7.38%, Jun 2020 contract)
Gold: USD 1,707.60 / troy ounce (-0.33%)

TASI: 6,710.51 (+1.74%) (YTD: -20.01%)
ADX: 4,103.82 (+1.63%) (YTD: -19.15%)
DFM: 1,931.66 (+0.36%) (YTD: -30.14%)
KSE Premier Market: 5,273.81 (+1.76%)
QE: 8,799.73 (+1.52%) (YTD: -15.59%)
MSM: 3,493.16 (-0.20%) (YTD: -12.26%)
BB: 1,298.37 (-0.20%) (YTD: -19.36%)

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