The Market Yesterday
EGP / USD CBE market average: Buy 16.12 | Sell 16.22
EGP / USD at CIB: Buy 16.12 | Sell 16.22
EGP / USD at NBE: Buy 16.10 | Sell 16.20
EGX30 (Wednesday): 11,040 (+2.6%)
Turnover: EGP 1.4 bn (74% above the 90-day average)
EGX 30 year-to-date: -20.9%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 2.6%. CIB, the index’s heaviest constituent, ended up 2.0%. EGX30’s top performing constituents were GB Auto up 8.4%, TMG Holding up 7.6%, and CIRA up 7.6%. Yesterday’s worst performing stock was Dice down 0.5%. The market turnover was EGP 1.4 bn, and domestic investors were the sole net buyers.
Foreigners: Net Short | EGP -93.6 mn
Regional: Net Short | EGP -21.9 mn
Domestic: Net Long | EGP +115.6 mn
Retail: 72.4% of total trades | 71.5% of buyers | 73.3% of sellers
Institutions: 27.6% of total trades | 28.5% of buyers | 26.7% of sellers
WTI: USD 38.11 (+0.26%)
Brent: USD 40.31 (-5.44%)
Natural Gas (Nymex, futures prices) USD 1.58 MMBtu, (-0.94%, July 2020 contract)
Gold: USD 1,770.60 / troy ounce (-0.25%)
TASI: 7,213.36 (-0.71%) (YTD: -14.02%)
ADX: 4,329.72 (+0.24%) (YTD: -14.70%)
DFM: 2,099.21 (-1.01%) (YTD: -24.08%)
KSE Premier Market: 5,669.35 (+1.45%)
QE: 9,225.92 (-0.38%) (YTD: -11.51%)
MSM: 3,524.55 (0.00%) (YTD: -11.47%)
BB: 1,280.83 (+0.04%) (YTD: -20.45%)