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Thursday, 3 September 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 15.79 | Sell 15.89
EGP / USD at CIB: Buy 15.80 | Sell 15.90
EGP / USD at NBE: Buy 15.81 | Sell 15.91

EGX30 (Wednesday): 11,214 (-0.2%)
Turnover: EGP 1.2 bn (11% above the 90-day average)
EGX 30 year-to-date: -19.68%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.2%. CIB, the index’s heaviest constituent, ended down 0.3%. EGX30’s top performing constituents were Orascom Development up 4.7%, AMOC up 3.2%, and Telecom Egypt up 2.8%. Yesterday’s worst performing stocks were Egyptian Resorts down 3.1%, Kima down 3.0% and Heliopolis Housing down 2.7%. The market turnover was EGP 1.2 bn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -106.4 mn
Regional: Net long | EGP +9.9 mn
Domestic: Net long | EGP +96.5 mn

Retail: 77.6% of total trades | 78.3% of buyers | 76.8% of sellers
Institutions: 22.4% of total trades | 21.7% of buyers | 23.2% of sellers

WTI: USD 41.51 (-2.92%)
Brent: USD 44.42 (-2.55%)

Natural Gas: (Nymex, futures prices) USD 2.49 MMBtu, (-1.62%, October 2020 contract)
Gold: USD 1,944 / troy ounce (-1.73%)

TASI: 8,013 (+1.45%) (YTD: -4.48%)
ADX: 4,547 (+0.48%) (YTD: -10.41%)
DFM: 2,259 (+0.32%) (YTD: -18.27%)
KSE Premier Market: 5,874 (-0.25%)
QE: 9,811 (-0.40%) (YTD: -5.89%)
MSM: 3,769 (-0.30%) (YTD: -5.33%)
BB: 1,398 (-0.52%) (YTD: -13.16%)

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