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Wednesday, 30 September 2020

The Market Yesterday

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

EGP / USD CBE market average: Buy 15.70 | Sell 15.80
EGP / USD at CIB: Buy 15.71 | Sell 15.81
EGP / USD at NBE: Buy 15.70 | Sell 15.80

EGX30 (Tuesday): 10,987 (+0.2%)
Turnover: EGP 1.5 bn (33% above the 90-day average)
EGX 30 year-to-date: -21.3%

THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.2%. CIB, the index’s heaviest constituent, ended down 0.3%. EGX30’s top performing constituents were EFG Hermes up 3.4%, Madinet Nasr Housing up 2.3%, and Elsewedy Electric up 2.2%. Yesterday’s worst performing stocks were Dice down 2.1%, Qalaa Holdings down 2.0% and Egyptian Resorts down 1.7%. The market turnover was EGP 1.5 bn, and foreign investors were the sole net sellers.

Foreigners: Net short | EGP -39.0 mn
Regional: Net long | EGP +8.3 mn
Domestic: Net long | EGP +30.6 mn

Retail: 65.4% of total trades | 65.3% of buyers | 65.4% of sellers
Institutions: 34.6% of total trades | 34.7% of buyers | 34.6% of sellers

WTI: USD 39.17 (-3.52%)
Brent: USD 40.90 (-3.61%)

Natural Gas: (Nymex, futures prices) USD 2.51 MMBtu, (-10.38%, November 2020 contract)
Gold: USD 1,903.10 / troy ounce (+1.11%)

TASI: 8,284 (-0.60%) (YTD: -1.25%)
ADX: 4,494 (+0.06%) (YTD: -11.45%)
DFM: 2,252 (-0.38%) (YTD: -18.52%)
KSE Premier Market: 6,020 (-2.19%)
QE: 9,910 (+0.27%) (YTD: -4.94%)
MSM: 3,614 (-0.19%) (YTD: -9.21%)
BB: 1,430 (-1.26%) (YTD: -11.14%)

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