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Monday, 26 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 15.65 | Sell 15.75

EGX30 (Sunday): 10,600.3 (-3.5%)
Turnover: EGP 871 mn (22% below the 90-day average)
EGX 30 year-to-date: -24.1%

THE MARKET ON SUNDAY: The EGX30 ended Sunday’s session down 3.5%. CIB, the index’s heaviest constituent, ended down 7.2%. EGX30’s top performing constituents were Ibnsina Pharma up 2.2%, Sidi Kerir Petrochemicals up 1.4%, and Eastern Company up 0.6%. Yesterday’s worst performing stocks were CIB down 7.2%, Egyptian Iron & Steel down 5.1% and Dice down 4.5%. The market turnover was EGP 871 mn, and domestic investors were the sole net buyers.

Foreigners: Net Short | EGP -92.0 mn
Regional: Net Short | EGP -17.5 mn
Domestic: Net Long | EGP +109.4 mn

Retail: 70.3% of total trades | 72.1% of buyers | 68.5% of sellers
Institutions: 29.7% of total trades | 27.9% of buyers | 31.5% of sellers

WTI: USD 39.85 (-1.94%)
Brent: USD 41.77 (-1.63%)

Natural Gas: (Nymex, futures prices) USD 2.97 MMBtu (-1.20%, November 2020 contract)
Gold: USD 1,905.20 / troy ounce (+0.03%)

TASI: 8,154.59 (-4.12%) (YTD: -2.80%)
ADX: 4,568.08 (+0.25%) (YTD: -10.00%)
DFM: 2,177.46 (-0.37%) (YTD: -21.25%)
KSE Premier Market: 6,157.79 (-1.17%)
QE: 9,808.34 (-1.51%) (YTD: -5.92%)
MSM: 3,564.11 (+0.19%) (YTD: -10.48%)
BB: 1,435.20 (-0.85%) (YTD: -10.87%)

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