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Thursday, 12 November 2020

The Market Yesterday

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EGP / USD CBE market average: Buy 15.60 | Sell 15.70
EGP / USD at CIB: Buy 15.60 | Sell 15.70
EGP / USD at NBE: Buy 15.61 | Sell 15.71

EGX30 (Wednesday): 10,998 (-0.7%)
Turnover: EGP 1.6 bn (42% above the 90-day average)
EGX 30 year-to-date: -21.2%

THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.7%. CIB, the index’s heaviest constituent, ended up 0.1%. EGX30’s top performing constituents were Export and Development Bank up 4.2%, Dice up 3.9%, and Orascom Development up 3.4%. Yesterday’s worst performing stocks were Eastern Company down 12.4%, Telecom Egypt down 1.6% and Ibnsina Pharma down 1.1%. The market turnover was EGP 1.6 bn, and local investors were the sole net sellers.

Foreigners: Net long | EGP +23.1 mn
Regional: Net long | EGP +5.9 mn
Domestic: Net short | EGP -29.1 mn

Retail: 73.2% of total trades | 71.3% of buyers | 75.1% of sellers
Institutions: 26.8% of total trades | 28.7% of buyers | 24.9% of sellers

WTI: USD 41.45 (+0.22%)
Brent: USD 43.72 (+0.25%)

Natural Gas: (Nymex, futures prices) USD 3.03 MMBtu, (+2.78%, December 2020 contract)
Gold: USD 1,861.60 / troy ounce (-0.79%)

TASI: 8,449 (+0.53%) (YTD: +0.72%)
ADX: 4,832 (+1.34%) (YTD: -4.80%)
DFM: 2,283 (+0.78%) (YTD: -17.43%)
KSE Premier Market: 6,132 (-1.61%)
QE: 10,119 (-0.12%) (YTD: -2.93%)
MSM: 3,611 (+0.98%) (YTD: -9.28%)
BB: 1,449 (-0.16%) (YTD: -10.00%)

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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