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Sunday, 30 August 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 15.81 | Sell 15.91
EGP / USD at CIB: Buy 15.82 | Sell 15.92
EGP / USD at NBE: Buy 15.83 | Sell 15.93

EGX30 (Thursday): 11,462 (+0.1%)
Turnover: EGP 1.5 bn (40% above the 90-day average)
EGX 30 year-to-date: -17.9%

THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session up 0.1%. CIB, the index’s heaviest constituent, ended up 0.1%. EGX30’s top performing constituents were Edita up 8.2%, Dice up 3.8%, and Sidi Kerir Petrochemicals up 3.1%. Thursday’s worst performing stocks were Egyptian Iron and Steel down 2.95%, Orascom Development Egypt down 2.55%, and Juhayna down 2.0%. The market turnover was EGP 1.5 bn, and regional investors were the sole net buyers.

Foreigners: Net short | EGP -5.5 mn
Regional: Net long | EGP +9.6 mn
Domestic: Net short | EGP -4.2 mn

Retail: 78.5% of total trades | 80.0% of buyers | 77.0% of sellers
Institutions: 21.5% of total trades | 20.0% of buyers | 23.0% of sellers

WTI: USD 42.97 (-0.16%)
Brent: USD 45.81 (+0.46%)

Natural Gas (Nymex, futures prices) USD 2.66 MMBtu, (-1.96%, October 2020 contract)
Gold: USD 1,974.90 / troy ounce (+2.19%)

TASI: 7,934 (-0.26%) (YTD: -5.42%)
ADX: 4,535 (+0.12%) (YTD: -10.65%)
DFM: 2,269 (-0.86%) (YTD: -17.92%)
KSE Premier Market: 5,853 (+0.42%)
QE: 9,882 (-0.16%) (YTD: -5.20%)
MSM: 3,737 (-0.28%) (YTD: -6.12%)
BB: 1,380 (+0.57%) (YTD: -14.24%)

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