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Thursday, 22 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 15.65 | Sell 15.75
EGP / USD at NBE: Buy 15.65 | Sell 15.75

EGX30 (Wednesday): 11,101 (-0.5%)
Turnover: EGP 1.1 bn (2% below the 90-day average)
EGX 30 year-to-date: -20.5%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.5%. CIB, the index’s heaviest constituent, ended down 0.2%. EGX30’s top performing constituents were CIRA up 2.0%, Telecom Egypt up 0.6%, and Cleopatra Hospitals up 0.4%. Yesterday’s worst performing stocks were Egyptian Iron & Steel down 5.0%, GB Auto down 4.0% and Beltone Financial Holding down 3.8%. The market turnover was EGP 1.1 bn, and domestic investors were the sole net sellers.

Foreigners: Net Long | EGP +11.8 mn
Regional: Net Long | EGP +17.0 mn
Domestic: Net Short | EGP -28.7 mn

Retail: 78.4% of total trades | 76.4% of buyers | 80.3% of sellers
Institutions: 21.6% of total trades | 23.6% of buyers | 19.7% of sellers

WTI: USD 40.09 (-3.86%)
Brent: USD 41.79 (-3.17%)

Natural Gas: (Nymex, futures prices) USD 3.03 MMBtu (+4.05%, November 2020 contract)
Gold: USD 1,926.20 / troy ounce (+0.56%)

TASI: 8,496.85 (-0.42%) (YTD: +1.28%)
ADX: 4,543.70 (+0.02%) (YTD: -10.48%)
DFM: 2,171.18 (-0.44%) (YTD: -21.47%)
KSE Premier Market: 6,280.60 (+0.57%)
QE: 9,965.03 (-0.50%) (YTD: -4.42%)
MSM: 3,586.55 (-0.01%) (YTD: -9.91%)
BB: 1,453.56 (-0.07%) (YTD: -9.73%)

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