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Thursday, 7 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 (Wednesday): 10,294 (+1.0%)
Turnover: EGP 909 mn (33% above the 90-day average)
EGX 30 year-to-date: -26.3%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.0%. CIB, the index’s heaviest constituent, ended up 0.8%. EGX30’s top performing constituents were Dice up 7.4%, AMOC up 3.6%, and GB Auto up 3.2%. Yesterday’s worst performing stocks were Emaar Misr down 0.4%, Madinet Nasr Housing down 0.4% and Heliopolis Housing down 0.2%. The market turnover was EGP 909 mn, and foreign investors were the sole net buyers.

Foreigners: Net long | EGP +136.0 mn
Regional: Net short | EGP -7.3 mn
Domestic: Net short | EGP -128.8 mn

Retail: 58.5% of total trades | 43.0% of buyers | 74.0% of sellers
Institutions: 41.5% of total trades | 57.0% of buyers | 26.0% of sellers

WTI: USD 23.99 (-2.3%)
Brent: USD 29.72 (-4%)

Natural Gas: (Nymex, futures prices) USD 1.94 MMBtu, (-0.15%, June 2020 contract)
Gold: USD 1,689.90 / troy ounce (+0.08%)

TASI: 6,655 (-0.83%) (YTD: -20.67%)
ADX: 4,021 (-2.0%) (YTD: -20.77%)
DFM: 1,919 (-0.65%) (YTD: -30.59%)
KSE Premier Market: 5,288 (+0.28%)
QE: 8,758 (-0.46%) (YTD: -15.99%)
MSM: 3,473 (-0.57%) (YTD: -12.76%)
BB: 1,288 (-0.77%) (YTD: -19.99%)

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