The Market Yesterday
EGP / USD CBE market average: Buy 17.5933 | Sell 17.6917
EGP / USD at CIB: Buy 17.59 | Sell 17.69
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Wednesday): 17,306 (+0.2%)
Turnover: EGP 2.2 bn (91% ABOVE the 90-day average)
EGX 30 year-to-date: +15.2%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.2%. CIB, the index heaviest constituent ended up 0.7%. EGX30’s top performing constituents were Orascom Telecom Media & Technology up 8.9%, Palm Hills up 8.1%, and Egyptian Resorts up 5.2%. Yesterday’s worst performing stocks GB Auto down 4.0%, Abu Dhabi Islamic Bank down 3.1%, and Abu Qir Fertilizer down 2.6%. The market turnover was EGP 2.2 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +145.0 mn
Regional: Net Short | EGP -49.6 mn
Domestic: Net Short | EGP -95.4 mn
Retail: 62.8% of total trades | 63.9% of buyers | 61.8% of sellers
Institutions: 37.2% of total trades | 36.1% of buyers | 38.2% of sellers
Foreign: 16.5% of total | 20.1% of buyers | 13.0% of sellers
Regional: 14.9% of total | 13.7% of buyers | 16.1% of sellers
Domestic: 68.6% of total | 66.3% of buyers | 70.9% of sellers
WTI: USD 64.60 (+0.34%)
Brent: USD 69.86 (+0.47%)
Natural Gas (Nymex, futures prices) USD 2.71 MMBtu, (+0.37%, May 2018 contract)
Gold: USD 1,331.90 / troy ounce (+0.14%)
TASI: 7,900.28 (-0.53%) (YTD: +9.33%)
ADX: 4,550.59 (-1.33%) (YTD: +3.46%)
DFM: 3,090.54 (-0.07%) (YTD: -8.29%)
KSE Weighted Index: 409.57 (+0.75%) (YTD: +2.03%)
QE: 8,553.14 (-1.62%) (YTD: +0.35%)
MSM: 4,774.04 (+0.31%) (YTD: -6.38%)
BB: 1,315.13 (-0.92%) (YTD: -1.25%)