What the markets are doing on 10 January 2021
MARKET WATCH- Friday was a record-breaking day for emerging markets: EM stocks reached a record high during Friday’s session after their fastest rally in history amid a flood of liquidity and optimism over a global recovery driving risk appetite, says Bloomberg. The recovery from the Great Covid Crash of 2020 has added USD 10.8 tn to the market cap of EM stocks in just a little over nine months, bringing the MSCI benchmark index even higher than the peak it witnessed before the 2008 financial crisis.
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EGX30 |
10,952 |
+1.1% (YTD: +1.0%) |
|
|
USD (CBE) |
Buy 15.63 |
Sell 15.73 |
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USD at CIB |
Buy 15.64 |
Sell 15.74 |
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Interest rates CBE |
8.25% deposit |
9.25% lending |
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Tadawul |
8,737 |
+0.8% (YTD: +0.6%) |
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ADX |
5,163 |
+0.7% (YTD: +2.4%) |
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DFM |
2,625 |
+0.8% (YTD: +5.4%) |
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S&P 500 |
3,824 |
+0.6% (YTD: +1.8%) |
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|
FTSE 100 |
6,873 |
+0.2% (YTD: +6.4%) |
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Brent crude |
USD 55.99 |
+3.0% |
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Natural gas (Nymex) |
USD 2.70 |
-1.1% |
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Gold |
USD 1,835 |
-4.1% |
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BTC |
USD 40,748 |
+0.1% |
The EGX30 rose 1.1% on Wednesday on turnover of EGP 1.4 bn (5.3% above the 90-day average). Foreign investors were net buyers. The index is up 1% YTD.
In the green: SODIC (+5.9%), Sidi Kerir Petrochemical (+5.3%) and Ezz Steel (+4.3%).
In the red: GB Auto (-1.1%), Eastern Co (-0.8%) and Credit Agricole (-0.7%).