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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%)

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. © 2020 Enterprise Ventures LLC.