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 15.70 | Sell 15.80
EGX30 (Tuesday): 10,969 (+0.5%)
Turnover: EGP 1.3 bn (16% above the 90-day average)
EGX 30 year-to-date:-21.5%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.5%. CIB, the index’s heaviest constituent, ended up 0.5%. EGX30’s top performing constituents were AMOC up 7.1%, Sidi Kerir Petrochemicals up 6.6%, and Ezz Steel up 5.4%. Yesterday’s worst performing stocks were Orascom Development Egypt down 2.4%, Orascom Investment Holding down 1.5% and Porto Group down 1.3%. The market turnover was EGP 1.3 bn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -44.6 mn
Regional: Net long | EGP +12.3 mn
Domestic: Net long | EGP -+32.3 mn
Retail: 82.5% of total trades | 82.5% of buyers | 82.4% of sellers
Institutions: 17.5% of total trades | 17.5% of buyers | 17.6% of sellers
WTI: USD 39.60 (+0.74%)
Brent: USD 41.74 (+0.72%)
Natural Gas: (Nymex, futures prices) USD 1.85 MMBtu, (+0.60%, October 2020 contract)
Gold: USD 1,905.50 / troy ounce (-0.27%)
TASI: 8,244 (-0.56%) (YTD: -1.72%)
ADX: 4,498 (+0.13%) (YTD: -11.38%)
DFM: 2,264 (-0.26%) (YTD: -18.11%)
KSE Premier Market: 6,178 (+1.02%)
QE: 9,841 (+0.79%) (YTD:-5.60%)
MSM: 3,626 (+0.01%) (YTD: -8.90%)
BB: 1,442 (+0.17%) (YTD: -10.39%)