The Market Yesterday
EGP / USD CBE market average: Buy 15.92 | Sell 16.02
EGP / USD at CIB: Buy 15.92 | Sell 16.02
EGP / USD at NBE: Buy 15.92 | Sell 16.02
EGX30 (Tuesday): 10,558 (+1.7%)
Turnover: EGP 1.3 bn (41% above the 90-day average)
EGX 30 year-to-date: -24.4%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 1.7%. CIB, the index’s heaviest constituent, ended up 2.7%. EGX30’s top performing constituents were Porto Group up 9.3%, Palm Hills up 3.3%, and Sidi Kerir up 3.3%. Yesterday’s worst performing stocks were Ibnsina Pharma down 3.8%, Egypt Kuwait Holding down 0.4% and Credit Agricole down 0.4%. The market turnover was EGP 1.3 bn, and regional investors were the sole net sellers.
Foreigners: Net long | EGP +15.2 mn
Regional: Net short | EGP -22.0 mn
Domestic: Net long | EGP +6.8 mn
Retail: 55.7% of total trades | 53.5% of buyers | 57.8% of sellers
Institutions: 44.3% of total trades | 46.5% of buyers | 42.2% of sellers
WTI: USD 41.96 (+2.82%)
Brent: USD 43.96 (+1.57%)
Natural Gas (Nymex, futures prices) USD 1.68 MMBtu, (+2.07%, August 2020 contract)
Gold: USD 1,841.92 / troy ounce (+0.01%)
TASI: 7,417 (+0.54%) (YTD: -11.59%)
ADX: 4,256 (+0.43%) (YTD: -16.14%)
DFM: 2,088 (+1.14%) (YTD: -24.46%)
KSE Premier Market: 5,420 (-0.2%)
QE: 9,396 (+0.26%) (YTD: -9.87%)
MSM: 3,746 (+0.51%) (YTD: -12.67%)
BB: 1,302 (+0.73%) (YTD: -19.08%)