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Tuesday, 2 June 2020

The Market Yesterday

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Pharos Holding - http://www.pharosholding.com/

EGP / USD CBE market average: Buy 15.87 | Sell 15.97
EGP / USD at CIB: Buy 15.88 | Sell 15.98
EGP / USD at NBE: Buy 15.86 | Sell 15.96

EGX30 (Monday): 10,227 (+0.1%)
Turnover: EGP 937 mn (31% above the 90-day average)
EGX 30 year-to-date: -26.8%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session up 0.1%. CIB, the index’s heaviest constituent, ended down 0.4%. EGX30’s top performing constituents were Telecom Egypt up 7.4%, Pioneers Holding up 3.4%, and SODIC up 1.9%. Yesterday’s worst performing stocks were Egyptian Resorts down 4.5%, Cleopatra Hospital down 2.6% and Ezz Steel down 2.0%. The market turnover was EGP 937 mn, and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -6.8 mn
Regional: Net Long | EGP +30.3 mn
Domestic: Net Short | EGP -23.5 mn

Retail: 50.4% of total trades | 53.2% of buyers | 47.6% of sellers
Institutions: 49.6% of total trades | 46.8% of buyers | 52.4% of sellers

WTI: USD 35.62 (+0.37%)
Brent: USD 38.58 (+1.96%)

Natural Gas (Nymex, futures prices) USD 1.78 MMBtu, (-3.62%, July 2020 contract)
Gold: USD 1,750.60 / troy ounce (-0.06%)

TASI: 7,288.81 (+1.05%) (YTD: -13.12%)
ADX: 4,170.71 (+0.70%) (YTD: -17.83%)
DFM: 1,973.72 (+1.47%) (YTD: -28.61%)
KSE Premier Market: 5,438.43 (+0.26%)
QE: 9,019.68 (+1.98%) (YTD: -13.48%)
MSM: 3,534.91 (-0.27%) (YTD: -11.21%)
BB: 1,269.86 (+0.02%) (YTD: -21.14%)

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. © 2018 Enterprise Ventures LLC.