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Sunday, 11 October 2020

The Market Yesterday

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EGP / USD CBE market average: Buy 15.66 | Sell 15.76
EGP / USD at CIB: Buy 15.65 | Sell 15.75
EGP / USD at NBE: Buy 15.67 | Sell 15.77

EGX30 (Wednesday): 11,327 (+1.6%)
Turnover: EGP 1.6 bn (42% above the 90-day average)
EGX 30 year-to-date: -18.9%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 1.6%. CIB, the index’s heaviest constituent, closed up 2.0%. EGX30’s top performing constituents were Heliopolis Housing and Development (+6.1%), GB Auto (+6.0%), and Sodic (+4.6%). Wednesday’s worst performing stocks were Elsewedy Electric (-2.5%), Porto Group (-0.6%) and Egypt Kuwait Holding (-0.4%). Market turnover was EGP 1.6 bn and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -3.0 mn
Regional: Net Long | EGP +56.7 mn
Domestic: Net Short | EGP -53.7 mn

Retail: 77.3% of total trades | 79.8% of buyers | 74.9% of sellers
Institutions: 22.7% of total trades | 20.2% of buyers | 25.1% of sellers

WTI: USD 40.60 (-1.43%)
Brent: USD 42.85 (-1.13%)

Natural Gas: (Nymex, futures prices) USD 2.74 MMBtu, (+4.34%, November 2020 contract)
Gold: USD 1,926.20 / troy ounce (+1.64%)

TASI: 8,412.55 (+0.64%) (YTD: +0.28%)
ADX: 4,512.51 (+0.40%) (YTD: -11.10%)
DFM: 2,214.32 (+0.07%) (YTD: -19.91%)
KSE Premier Market: 6,372.82 (+0.75%)
QE: 10,032.13 (+1.00%) (YTD: -3.77%)
MSM: 3,604.21 (-0.11%) (YTD: -9.47%)
BB: 1,458.41 (+0.62%) (YTD: -9.43%)

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