The Market Yesterday
EGP / USD CBE market average: Buy 15.70 | Sell 15.80
EGP / USD at CIB: Buy 15.70 | Sell 15.80
EGP / USD at NBE: Buy 15.72 | Sell 15.82
EGX30 (Tuesday): 11,028 (-0.1%)
Turnover: EGP 934 mn (17% below the 90-day average)
EGX 30 year-to-date: -21.0%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 0.1%. CIB, the index’s heaviest constituent, ended up 0.5%. EGX30’s top performing constituents were Sidi Kerir Petrochemicals up 2.1%, Dice up 1.7%, and Sodic up 1.2%. Yesterday’s worst performing stocks were Orascom Investment Holding down 2.3%, Porto Group down 2.3% and TMG Holding down 2.2%. The market turnover was EGP 934 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -55.2 mn
Regional: Net long | EGP +25.9 mn
Domestic: Net long | EGP +29.3 mn
Retail: 80.7% of total trades | 81.0% of buyers | 80.3% of sellers
Institutions: 19.3% of total trades | 19.0% of buyers | 19.7% of sellers
WTI: USD 38.57 (+0.76%)
Brent: USD 40.79 (+0.64%)
Natural Gas: (Nymex, futures prices) USD 2.37 MMBtu, (+0.42%, October 2020 contract)
Gold: USD 1,960.20 / troy ounce (-0.31%)
TASI: 8,321 (+0.80%) (YTD: -0.80%)
ADX: 4,509 (-0.14%) (YTD: -11.17%)
DFM: 2,293 (+0.47%) (YTD: -17.06%)
KSE Premier Market: 5,882 (+0.09%)
QE: 9,892 (+0.20%) (YTD: -5.11%)
MSM: 3,677 (-0.18%) (YTD: -7.62%)
BB: 1,401 (-0.03%) (YTD: -12.98%)