What the markets are doing on 9 December 2020
The EGX30 rose 0.2% yesterday on turnover of EGP 1.6 bn (27.4% above the 90-day average). Foreign investors were net sellers. The index is down 21.1% YTD.
In the green: Dice (+15.0%), Egyptian Iron & Steel (+4.5%) and Export Development Bank (+2.4%).
In the red: Oriental Weavers (-1.9%), Juhayna (-1.6%) and TMG Holding (-1.6%).
Asian markets are up this morning and futures suggest that Europe and Wall Street will both follow suit later today.
|
|
EGX30 |
11,019 |
+0.2% (YTD: -21.1%) |
|
|
USD (CBE) |
Buy 15.63 |
Sell 15.73 |
|
|
USD at CIB |
Buy 15.63 |
Sell 15.73 |
|
|
Interest rates CBE |
8.25% deposit |
9.25% lending |
|
|
Tadawul |
8,612 |
-0.3% (YTD: +2.7%) |
|
|
ADX |
5,062 |
+0.4% (YTD: -0.3%) |
|
|
DFM |
2,532 |
+2.0% (YTD: -8.4%) |
|
|
S&P 500 |
3,702 |
+0.3% (YTD: +14.6%) |
|
|
FTSE 100 |
6,559 |
+0.1% (YTD: -13.0%) |
|
|
Brent crude |
USD 48.84 |
+0.1% |
|
|
Natural gas (Nymex) |
USD 2.45 |
+2.0% |
|
|
Gold |
USD 1,837.80 |
-0.1% |
|
|
BTC |
USD 18,325.11 |
-4.6% |
Private sector activity in the UAE worsened for the second straight month in November due to sluggish demand, according to the IHS Markit PMI (pdf). The country saw the first contraction in activity since May as covid weighed on output, exports and jobs.
There’s plenty of news out of Europe this morning, where the eurozone economy expanded at a record 12.5% clip between July and September, there are rising calls for the European Central Bank to “cancel debts,” and EU-based tech startups are on track to raise a record USD 41 bn.
Chinese healthcare company JD Health’s share price jumped 75% in their trading debut after the company raised USD 3.5 bn in Hong Kong’s biggest IPO of the year.