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Sunday, 7 June 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 16.15 | Sell 16.25
EGP / USD at CIB: Buy 16.15 | Sell 16.25
EGP / USD at NBE: Buy 16.13 | Sell 16.23

EGX30 (Thursday): 10,621 (+1.9%)
Turnover: EGP 1.4 bn (91% above the 90-day average)
EGX 30 year-to-date: -23.9%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 1.9%. CIB, the index’s heaviest constituent, ended up 3.2%. EGX30’s top performing constituents were Credit Agricole up 7.5%, Orascom Development up 7.0%, and CIB up 3.2%. Thursday’s worst performing stocks were Juhayna down 4.0%, CIRA down 1.4% and AMOC down 0.4%. The market turnover was EGP 1.4 bn, and domestic investors were the sole net buyers.

Foreigners: Net Short | EGP -104.3 mn
Regional: Net Short | EGP -70.8 mn
Domestic: Net Long | EGP +175.1 mn

Retail: 52.4% of total trades | 49.4% of buyers | 55.4% of sellers
Institutions: 47.6% of total trades | 50.6% of buyers | 44.6% of sellers

WTI: USD 39.55 (+5.72%)
Brent: USD 42.30 (+5.78%)

Natural Gas (Nymex, futures prices) USD 1.78 MMBtu, (-2.20%, July 2020 contract)
Gold: USD 1,683.00 / troy ounce (-2.57%)

TASI: 7,207.78 (-0.20%) (YTD: -14.08%)
ADX: 4,303.14 (+0.43%) (YTD: -15.22%)
DFM: 2,039.48 (+1.99%) (YTD: -26.24%)
KSE Premier Market: 5,458.96 (+0.09%)
QE: 9,252.07 (+0.42%) (YTD: -11.26%)
MSM: 3,517.60 (-0.49%) (YTD: -11.64%)
BB: 1,273.34 (-0.16%) (YTD: -20.92%)

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. © 2022 Enterprise Ventures LLC.

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