The Market Yesterday
EGP / USD CBE market average: Buy 17.6672 | Sell 17.7672
EGP / USD at CIB: Buy 17.66 | Sell 17.76
EGP / USD at NBE: Buy 17.60 | Sell 17.70
EGX30 (Wednesday): 14,582 (+0.3%)
Turnover: EGP 1.7 bn (67% above the 90-day average)
EGX 30 year-to-date: +18.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.3%. CIB, the index heaviest constituent ended up 1.2%. EGX30’s top performing constituents were ACC up 3.7%, Egyptian Iron & Steel up 3.0%, and Heliopolis Housing up 2.7%. Wednesday’s worst performing stocks were Amer Group down 2.9%, Orascom Telecom Media & Technology down 2.7%, and Palm Hills down 2.1%. The market turnover was EGP 1.7 bn, and local investors were the sole net sellers.
Foreigners: Net Long | EGP +179.3 mn
Regional: Net Long | EGP +1.6 mn
Domestic: Net Short | EGP -180.9 mn
Retail: 54.1% of total trades | 53.2% of buyers | 55.0% of sellers
Institutions: 45.9% of total trades | 46.8% of buyers | 45.0% of sellers
Foreign: 25.8% of total | 31.1% of buyers | 20.5% of sellers
Regional: 9.6% of total | 9.6% of buyers | 9.5% of sellers
Domestic: 64.7% of total | 59.3% of buyers | 70.0% of sellers
WTI: USD 58.36 (+1.67%)
Brent: USD 63.73 (+1.76%)
Natural Gas (Nymex, futures prices) USD 3.06 MMBtu, (+1.19%, January 2018 contract)
Gold: USD 1,282.30 / troy ounce (+0.44%)
TASI: 7,003.97 (+0.46%) (YTD: -2.86%)
ADX: 4,283.07 (-0.28%) (YTD: -5.79%)
DFM: 3,420.97 (+0.02%) (YTD: -3.11%)
KSE Weighted Index: 398.78 (+0.29%) (YTD: +4.92%)
QE: 7,714.26 (-0.87%) (YTD: -26.09%)
MSM: 5,109.62 (+0.06%) (YTD: -11.64%)
BB: 1,283.71 (+0.59%) (YTD: +5.18%)