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 16.11 | Sell 16.21
EGX30 (Thursday): 10,858 (-0.4%)
Turnover: EGP 1.3 bn (68% above the 90-day average)
EGX 30 year-to-date: -22.2%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 0.4%. CIB, the index’s heaviest constituent, ended down 0.7%. EGX30’s top performing constituents were Dice up 2.1%, Cleopatra Hospital up 2.0%, and Orascom Construction up 1.8%. Thursday’s worst performing stocks were GB Auto down 4.3%, SODIC down 2.3% and Orascom Development down 2.3%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -285.1 mn
Regional: Net Long | EGP +0.7 mn
Domestic: Net Long | EGP +284.4 mn
Retail: 41.4% of total trades | 42.7% of buyers | 40.2% of sellers
Institutions: 58.6% of total trades | 57.3% of buyers | 59.8% of sellers
WTI: USD 39.75 (+2.34%)
Brent: USD 42.19 (+1.64%)
Natural Gas (Nymex, futures prices) USD 1.67 MMBtu, (+1.89%, July 2020 contract)
Gold: USD 1,753.00 / troy ounce (+1.27%)
TASI: 7,355.66 (+0.63%) (YTD: -12.32%)
ADX: 4,345.28 (-0.71%) (YTD: -14.39%)
DFM: 2,078.38 (+0.36%) (YTD: -24.83%)
KSE Premier Market: 5,443.32 (-0.62%)
QE: 9,320.18 (+0.98%) (YTD: -10.60%)
MSM: 3,515.76 (-0.14%) (YTD: -11.69%)
BB: 1,274.30 (0.00%) (YTD: -20.86%)