The Market Yesterday
EGP / USD CBE market average: Buy 15.88 | Sell 15.98
EGP / USD at CIB: Buy 15.88 | Sell 15.98
EGP / USD at NBE: Buy 15.88 | Sell 15.98
EGX30 (Wednesday): 11,160 (+0.6%)
Turnover: EGP 1.3 bn (27% above the 90-day average)
EGX 30 year-to-date: -20.07%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.6%. CIB, the index’s heaviest constituent, ended up 0.6%. EGX30’s top performing constituents were GB Auto up 4.7%, Orascom Development Egypt up 3.8%, and Egyptian Resorts up 3.8%. Wednesday’s worst performing stocks were Credit Agricole down 1.0%, Cleopatra Hospital down 0.8% and SODIC down 0.4%. The market turnover was EGP 1.3 bn, and domestic investors were the sole net buyers.
Foreigners: Net Short | EGP -37.9 mn
Regional: Net Short | EGP -2.9 mn
Domestic: Net Long | EGP +40.8 mn
Retail: 68.3% of total trades | 68.7% of buyers | 67.9% of sellers
Institutions: 31.7% of total trades | 31.3% of buyers | 32.1% of sellers
WTI: USD 42.34 (-1.12%)
Brent: USD 44.35 (-1.22%)
Natural Gas (Nymex, futures prices) USD 2.45 MMBtu (+4.08%, September 2020 contract)
Gold: USD 1,947.00 / troy ounce (+0.03%)
TASI: 7,842.84 (-0.13%) (YTD: -6.51%)
ADX: 4,542.96 (+0.94%) (YTD: -10.50%)
DFM: 2,235.58 (-0.50%) (YTD: -19.14%)
KSE Premier Market: 5,754.92 (+0.25%)
QE: 9,767.18 (-0.47%) (YTD: -6.31%)
MSM: 3,628.90 (+0.59%) (YTD: -8.85%)
BB: 1,355.31 (+0.47%) (YTD: -15.83%)