The Market Yesterday
EGP / USD CBE market average: Buy 16.13 | Sell 16.23
EGP / USD at CIB: Buy 16.13 | Sell 16.23
EGP / USD at NBE: Buy 16.12 | Sell 16.22
EGX30 (Wednesday): 10,934 (-1.2%)
Turnover: EGP 911 mn (21% above the 90-day average)
EGX 30 year-to-date: -21.7%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.2%. CIB, the index’s heaviest constituent, ended down 1.8%. EGX30’s top performing constituents were Egyptian Resorts up 3.8%, Cleopatra Hospital up 3.5%, and Telecom Egypt up 3.1%. Yesterday’s worst performing stocks were Eastern Company down 3.1%, Ezz Steel down 2.6% and Dice down 2.4%. The market turnover was EGP 911 mn, and domestic investors were the sole net buyers.
Foreigners: Net Short | EGP -127.9 mn
Regional: Net Short | EGP -14.3 mn
Domestic: Net Long | EGP +142.1 mn
Retail: 60.8% of total trades | 59.2% of buyers | 62.3% of sellers
Institutions: 39.2% of total trades | 40.8% of buyers | 37.7% of sellers
WTI: USD 39.14 (+0.51%)
Brent: USD 41.26 (+0.19%)
Natural Gas (Nymex, futures prices) USD 1.79 MMBtu, (+1.36%, July 2020 contract)
Gold: USD 1,747.90 / troy ounce (+1.51%)
TASI: 7,328.09 (-0.02%) (YTD: -12.65%)
ADX: 4,331.27 (-0.02%) (YTD: -14.67%)
DFM: 2,124.99 (+0.02%) (YTD: -23.14%)
KSE Premier Market: 5,529.73 (-1.75%)
QE: 9,186.11 (-0.78%) (YTD: -11.89%)
MSM: 3,524.85 (+0.04%) (YTD: -11.46%)
BB: 1,282.55 (+0.11%) (YTD: -20.35%)