The Market Yesterday
EGP / USD CBE market average: Buy 17.5814 | Sell 17.6786
EGP / USD at CIB: Buy 17.56 | Sell 17.66
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Wednesday): 17,147 (+0.2%)
Turnover: EGP 1.8 bn (57% ABOVE the 90-day average)
EGX 30 year-to-date: +14.2%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.2%. CIB, the index heaviest constituent ended down 1.7%. EGX30’s top performing constituents were SODIC up 8.3%, Qalaa Holdings up 6.7%, and AMOC up 6.0%. Yesterday’s worst performing stocks Amer Group down 3.1%, Egyptian Aluminum down 2.4%, and CIB down 1.7%. The market turnover was EGP 1.8 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +88.4 mn
Regional: Net Short | EGP -60.0 mn
Domestic: Net Short | EGP -28.4 mn
Retail: 65.4% of total trades | 67.2% of buyers | 63.6% of sellers
Institutions: 34.6% of total trades | 32.8% of buyers | 36.4% of sellers
Foreign: 18.2% of total | 20.7% of buyers | 15.7% of sellers
Regional: 13.7% of total | 12.0% of buyers | 15.3% of sellers
Domestic: 68.1% of total | 67.3% of buyers | 68.9% of sellers
WTI: USD 65.28 (+0.17%)
Brent: USD 69.55 (+0.12%)
Natural Gas (Nymex, futures prices) USD 2.65 MMBtu, (+0.49%, April 2018 contract)
Gold: USD 1,332.70 / troy ounce (+0.85%)
TASI: 7,761.74 (+0.48%) (YTD: +7.41%)
ADX: 4,566.66 (+0.91%) (YTD: +3.82%)
DFM: 3,206.70 (+0.75%) (YTD: -4.85%)
KSE Weighted Index: 409.25 (-0.16%) (YTD: +1.95%)
QE: 8,873.38 (-1.16%) (YTD: +4.11%)
MSM: 4,796.23 (+0.30%) (YTD: -5.94%)
BB: 1,336.43 (-0.34%) (YTD: +0.35%)