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Wednesday, 2 September 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 15.81 | Sell 15.91
EGP / USD at NBE: Buy 15.82 | Sell 15.92

EGX30 (Tuesday): 11,234 (-1.2%)
Turnover: EGP 1.3 bn (20% above the 90-day average)
EGX 30 year-to-date: -19.5%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 1.2%. CIB, the index’s heaviest constituent, ended down 1.1%. EGX30’s top performing constituents were Telecom Egypt up 3%, Credit Agricole up 1.1%, and Orascom Construction up 0.2%. Yesterday’s worst performing stocks were Kima down 4.9%, Porto Group down 4.1% and Qalaa Holding down 4.1%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -400.3 mn
Regional: Net long | EGP +415.8 mn
Domestic: Net long | EGP +984.5 mn

Retail: 45.9% of total trades | 61.0% of buyers | 30.7% of sellers
Institutions: 54.1% of total trades | 39.0% of buyers | 69.3% of sellers

WTI: USD 43.00 (+0.92%)
Brent: USD 45.79 (+1.13%)

Natural Gas (Nymex, futures prices) USD 2.52 MMBtu, (-4.30%, October 2020 contract)
Gold: USD 1,976.60 / troy ounce (-0.10%)

TASI: 7,898 (-0.53%) (YTD: -5.85%)
ADX: 4,525 (+0.13%) (YTD: -10.84%)
DFM: 2,252 (+0.32%) (YTD: -18.54%)
KSE Premier Market: 5,889 (+0.59%)
QE: 9,850 (+0.06%) (YTD: -5.51%)
MSM: 3,780 (+0.22%) (YTD: -5.05%)
BB: 1,405 (+1.79%) (YTD: -12.70%)

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