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Wednesday, 27 January 2021

What the markets are doing on 27 January 2021

The EGX30 rose 0.1% yesterday on turnover of EGP 1.7 bn (19.5% above the 90-day average). Foreign investors were net sellers. The index is up 6.3% YTD.

In the green: Dice (+6%), Pioneers (+4.1%) and Juhayna (+3.9%).

In the red: Orascom Development Egypt (-3%), Oriential Weavers (-1.2%) and Madinet Nasr Housing (-1.2%).

Asian markets are mostly in the red this morning following a steep sell-off on Tuesday. US and major European indices look to follow them later today ahead of the Federal Reserve meeting.

Up

EGX30

11,527

+0.1% (YTD: +6.3%)

Up

USD (CBE)

Buy 15.68

Sell 15.78

Down

USD at CIB

Buy 15.67

Sell 15.77

None

Interest rates CBE

8.25% deposit

9.25% lending

Down

Tadawul

8,789

-0.65% (YTD: +1.15%)

Down

ADX

5,582

-0.63% (YTD: +10.65%)

Down

DFM

2,698

-0.93% (YTD: +8.27%)

Down

S&P 500

3,849

-0.15% (YTD: +2.49%)

Up

FTSE 100

6,654.01

+0.23% (YTD: +2.99%)

Up

Brent crude

USD 55.91

+0.05%

Down

Natural gas (Nymex)

USD 2.65

-0.19%

Down

Gold

USD 1,853.30

-0.08%

Up

BTC

USD 32,600.59

+0.65%

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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