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Wednesday, 8 July 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 15.99 | Sell 16.09
EGP / USD at CIB: Buy 15.97 | Sell 16.07
EGP / USD at NBE: Buy 16.01 | Sell 16.11

EGX30 (Tuesday): 11,050 (-0.3%)
Turnover: EGP 1.8 bn (111% above the 90-day average)
EGX 30 year-to-date: -20.9%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.3%. CIB, the index’s heaviest constituent, ended down 0.5%. EGX30’s top performing constituents were Sodic up 7.0%, Orascom Development up 3.5%, and Egyptian Resorts up 2.4%. Yesterday’s worst performing stocks were Ezz Steel down 3.4%, TMG Holding down 2.4% and Porto Group down 2.4%. The market turnover was EGP 1.8 bn, and local investors were the sole net buyers.

Foreigners: Net short | EGP -142.7 mn
Regional: Net short | EGP -3.7 mn
Domestic: Net long | EGP +146.4 mn

Retail: 47.6% of total trades | 46.9% of buyers | 48.4% of sellers
Institutions: 52.4% of total trades | 53.1% of buyers | 51.6% of sellers

WTI: USD 40.49 (-0.34%)
Brent: USD 42.93 (-0.39%)

Natural Gas (Nymex, futures prices) USD 1.88 MMBtu, (+2.73%, August 2020 contract)
Gold: USD 1,807.50 / troy ounce (+0.78%)

TASI: 7,400 (+0.13%) (YTD: -11.79%)
ADX: 4,341 (+0.52%) (YTD: -14.48%)
DFM: 2,097 (+0.50%) (YTD: -24.12%)
KSE Premier Market: 5,636 (+0.16%)
QE: 9,243 (+0.51%) (YTD: -11.33%)
MSM: 3,503 (-0.23%) (YTD: -12.01%)
BB: 1,280 (+0.28%) (YTD: -20.64%)

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