The Market Yesterday
EGP / USD CBE market average: Buy 15.93 | Sell 16.03
EGP / USD at CIB: Buy 15.92 | Sell 16.02
EGP / USD at NBE: Buy 15.92 | Sell 16.02
EGX30 (Wednesday): 10,460 (-0.9%)
Turnover: EGP 887 mn (4% below the 90-day average)
EGX 30 year-to-date: -25.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.9%. CIB, the index’s heaviest constituent, ended down 1.8%. EGX30’s top performing constituents were Juhayna up 3.5%, EFG Hermes up 3.4%, and Porto Group up 2.6%. Wednesday’s worst performing stocks were Ibnsina Pharma down 4.3%, Cleopatra Hospitals down 1.9% and CIB down 1.8%. The market turnover was EGP 887 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -104.9 mn
Regional: Net long | EGP +6.9 mn
Domestic: Net long | EGP +98.0 mn
Retail: 65.5% of total trades | 67.8% of buyers | 63.1% of sellers
Institutions: 34.5% of total trades | 32.2% of buyers | 36.9% of sellers
WTI: USD 41.34 (+0.66%)
Brent: USD 43.34 (+0.07%)
Natural Gas: (Nymex, futures prices) USD 1.81 MMBtu, (+1.29%, August 2020 contract)
Gold: USD 1,925.20 / troy ounce (+0.41%)
TASI: 7,426 (-0.01%) (YTD: -11.47%)
ADX: 4,261 (-0.03%) (YTD: -16.05%)
DFM: 2,052 (-0.61%) (YTD: -25.76%)
KSE Premier Market: 5,279 (+0.36%)
QE: 9,368 (-0.19%) (YTD: -10.14%)
MSM: 3,563 (+1.20%) (YTD: -10.48%)
BB: 1,284 (-0.64%) (YTD: -20.22%)