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Thursday, 15 October 2020

The Market Yesterday

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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 (Wednesday): 11,334 (+0.4%)
Turnover: EGP 1.3 bn (16% above the 90-day average)
EGX 30 year-to-date: -18.8%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.4%. CIB, the index’s heaviest constituent, ended up 0.03%. EGX30’s top performing constituents were GB Auto up 8.0%, Oriental Weavers up 5.1%, and Dice up 4.0%. Yesterday’s worst performing stocks were Egyptian Iron & Steel down 3.4%, Emaar Misr down 1.2% and Heliopolis Housing and Development down 1.0%. The market turnover was EGP 1.3 bn, and regional investors were the sole net buyers.

Foreigners: Net Short | EGP -2.9 mn
Regional: Net Long | EGP +55.1 mn
Domestic: Net Short | EGP -52.2 mn

Retail: 73.5% of total trades | 74.6% of buyers | 72.5% of sellers
Institutions: 26.5% of total trades | 25.4% of buyers | 27.5% of sellers

WTI: USD 41.03 (+2.06%)
Brent: USD 43.31 (+2.03%)

Natural Gas: (Nymex, futures prices) USD 2.65 MMBtu (-7.22%, November 2020 contract)
Gold: USD 1,904.90 / troy ounce (+0.54%)

TASI: 8,592.10 (-0.10%) (YTD: +2.423%)
ADX: 4,573.00 (+0.61%) (YTD: -9.91%)
DFM: 2,218.21 (-0.86%) (YTD: -19.77%)
KSE Premier Market: 6,398.54 (-0.23%)
QE: 10,026.04 (-0.31%) (YTD: -3.83%)
MSM: 3,593.84 (-0.02%) (YTD: -9.73%)
BB: 1,476.61 (-0.38%) (YTD: -8.30%)

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