The Market Yesterday
EGP / USD CBE market average: Buy 15.64 | Sell 15.74
EGP / USD at CIB: Buy 15.63 | Sell 15.73
EGP / USD at NBE: Buy 15.65 | Sell 15.75
EGX30 (Tuesday): 11,291 (-1.0%)
Turnover: EGP 1.5 bn (33% above the 90-day average)
EGX 30 year-to-date: -19.1%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session down 1.0%. CIB, the index’s heaviest constituent, ended down 0.5%. EGX30’s top performing constituents were CIRA up 1.0%, Pioneers Holding up 0.2%, and Eastern Company up 0.1%. Yesterday’s worst performing stocks were Heliopolis Housing down 4.3%, Sidi Kerir Petrochemicals down 3.6% and AMOC down 2.9%. The market turnover was EGP 1.5 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -25.9 mn
Regional: Net Long | EGP +8.3 mn
Domestic: Net Long | EGP +17.6 mn
Retail: 78.5% of total trades | 81.9% of buyers | 75.1% of sellers
Institutions: 21.5% of total trades | 18.1% of buyers | 24.9% of sellers
WTI: USD 40.18 (+1.90%)
Brent: USD 42.40 (+1.63%)
Natural Gas: (Nymex, futures prices) USD 2.76 MMBtu, (-4.06%, November 2020 contract)
Gold: USD 1,894.50 / troy ounce (-1.78%)
TASI: 8,601.07 (+0.66%) (YTD: +2.53%)
ADX: 4,545.18 (+0.27%) (YTD: -10.45%)
DFM: 2,237.36 (+0.11%) (YTD: -19.08%)
KSE Premier Market: 6,413.48 (-0.4%)
QE: 10,056.86 (0.00%) (YTD: -3.56%)
MSM: 3,594.65 (+0.29%) (YTD: -9.71%)
BB: 1,482.23 (+0.25%) (YTD: -7.95%)