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Tuesday, 30 June 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 16.11 | Sell 16.21
EGP / USD at CIB: Buy 16.11 | Sell 16.21
EGP / USD at NBE: Buy 16.09 | Sell 16.19

EGX30 (Monday): 10,750 (-0.9%)
Turnover: EGP 771 mn (4% below the 90-day average)
EGX 30 year-to-date: -23.0%

THE MARKET ON MONDAY: The EGX30 ended Monday’s session down 0.9%. CIB, the index’s heaviest constituent, ended down 1.4%. EGX30’s top performing constituents were Juhayna up 2.3%, Ezz Steel up 2.0%, and Ibnsina Pharma up 0.9%. Yesterday’s worst performing stocks were CIRA down 3.3%, Porto Group down 3.1% and GB Auto down 1.9%. The market turnover was EGP 771 mn, and foreign investors were the sole net sellers.

Foreigners: Net Short | EGP -83.6 mn
Regional: Net Long | EGP +4.5 mn
Domestic: Net Long | EGP +79.1 mn

Retail: 52.2% of total trades | 54.5% of buyers | 49.9% of sellers
Institutions: 47.8% of total trades | 45.5% of buyers | 50.1% of sellers

WTI: USD 39.63 (+2.96%)
Brent: USD 41.67 (+1.58%)

Natural Gas (Nymex, futures prices) USD 1.69 MMBtu, (+9.65%, August 2020 contract)
Gold: USD 1,781.20 / troy ounce (+0.05%)

TASI: 7,287.41 (-0.07%) (YTD: -13.13%)
ADX: 4,275.33 (-0.68%) (YTD: -15.77%)
DFM: 2,080.66 (-0.21%) (YTD: -24.75%)
KSE Premier Market: 5,620.30 (-0.64%)
QE: 9,052.29 (-0.83%) (YTD: -13.17%)
MSM: 3,520.57 (-0.11%) (YTD: -11.57%)
BB: 1,277.71 (+0.04%) (YTD: -20.65%)

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. © 2020 Enterprise Ventures LLC.