The Market Yesterday
EGP / USD CBE market average: Buy 17.59 | Sell 17.69
EGP / USD at CIB: Buy 17.58 | Sell 17.68
EGP / USD at NBE: Buy 17.56 | Sell 17.66
EGX30 (Wednesday): 15,473 (-0.3%)
Turnover: EGP 4.0 bn (244% ABOVE the 90-day average)
EGX 30 year-to-date: +3.0%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.3%. CIB, the index heaviest constituent closed down 1.1%. EGX30’s top performing constituents were EFG Hermes up 4.3%; Abu Dhabi Islamic Bank up 2.1%; and Eastern Co up 1.4%. Yesterday’s worst performing stocks Porto Group down 2.9%; Juhayna down 2.6%; and Emaar Misr down 2.1%. The market turnover was EGP 4.0 bn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -307.7 mn
Regional: Net Long | EGP +495.9 mn
Domestic: Net Short | EGP -188.2 mn
Retail: 19.7% of total trades | 19.8% of buyers | 19.6% of sellers
Institutions: 80.3% of total trades | 80.2% of buyers | 80.4% of sellers
Foreign: 50.1% of total | 46.2% of buyers | 54.0% of sellers
Regional: 21.7% of total | 28.0% of buyers | 15.4% of sellers
Domestic: 28.2% of total | 25.8% of buyers | 30.6% of sellers
WTI: USD 61.7 (-2.08%)
Brent: USD 65.78 (-1.28%)
Natural Gas (Nymex, futures prices) USD 2.67 MMBtu, (-0.34%, April 2018 contract)
Gold: USD 1,319.7 / troy ounce (+0.08%)
TASI: 7,418.8 (-0.63%) (YTD: +2.66%)
ADX: 4,597.66 (-0.03%) (YTD: +4.53%)
DFM: 3,244.12 (-1.29%) (YTD: -3.74%)
KSE Weighted Index: 413.98 (+0.26%) (YTD: +3.13%)
QE: 8,653.32 (-3.09%) (YTD: +1.52%)
MSM: 5,003.37 (+0.2%) (YTD: -1.88%)
BB: 1,369.9 (+0.3%) (YTD: +2.87%)