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Monday, 12 October 2020

The Market Yesterday

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EGP / USD CBE market average: Buy 15.65 | Sell 15.75
EGP / USD at CIB: Buy 15.64 | Sell 15.74
EGP / USD at NBE: Buy 15.66 | Sell 15.76

EGX30 (Sunday): 11,360 (+0.3%)
Turnover: EGP 1.6 bn (42% above the 90-day average)
EGX 30 year-to-date: -18.6%

THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session up 0.3%. CIB, the index’s heaviest constituent, ended down 0.6%. EGX30’s top performing constituents were Madinet Nasr Housing up 9.0%, Kima up 5.2%, and GB Auto up 4.9%. Yesterday’s worst performing stocks were Orascom Construction down 1.8%, Ezz Steel down 1.4% and Eastern Company down 1.4%. The market turnover was EGP 1.6 bn, and foreign investors were the sole net buyers.

Foreigners: Net Short | EGP -7.5 mn
Regional: Net Long | EGP +136.2 mn
Domestic: Net Short | EGP -128.7 mn

Retail: 81.7% of total trades | 84.1% of buyers | 79.3% of sellers
Institutions: 18.3% of total trades | 15.9% of buyers | 20.7% of sellers

WTI: USD 40.60 (-1.42%)
Brent: USD 42.85 (-1.13%)

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

TASI: 8,513.26 (+1.20%) (YTD: +1.48%)
ADX: 4,492.63 (-0.44%) (YTD: -11.49%)
DFM: 2,223.57 (+0.42%) (YTD: -19.58%)
KSE Premier Market: 6,433.73 (+0.96%)
QE: 10,001.15 (-0.31%) (YTD: -4.07%)
MSM: 3,590.79 (-0.37%) (YTD: -9.81%)
BB: 1,472.61 (+0.97%) (YTD: -8.54%)

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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