The Market Yesterday
EGP / USD CBE market average: Buy 17.5971 | Sell 17.6968
EGP / USD at CIB: Buy 17.59 | Sell 17.69
EGP / USD at NBE: Buy 17.55 | Sell 17.65
EGX30 (Monday): 17,685 (+0.5%)
Turnover: EGP 2.5 bn (116% ABOVE the 90-day average)
EGX 30 year-to-date: +17.4%
THE MARKET ON MONDAY: The EGX30 ended Monday’s session up 0.5%. CIB, the index heaviest constituent ended down 0.6%. EGX30’s top performing constituents were Kima up 10.3%, TMG Holding up 5.4%, and Telecom Egypt up 4.5%. Yesterday’s worst performing stocks Eastern Co down 3.5%, Egyptian Resorts down 2.5%, and Porto Group down 2.4%. The market turnover was EGP 2.5 bn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +88.0 mn
Regional: Net Short | EGP -73.2 mn
Domestic: Net Short | EGP -14.8 mn
Retail: 70.3% of total trades | 67.6% of buyers | 73.0% of sellers
Institutions: 29.7% of total trades | 32.4% of buyers | 27.0% of sellers
Foreign: 14.6% of total | 16.5% of buyers | 12.8% of sellers
Regional: 14.2% of total | 12.6% of buyers | 15.6% of sellers
Domestic: 71.2% of total | 70.9% of buyers | 71.6% of sellers
WTI: USD 63.16 (+0.24%)
Brent: USD 67.80 (+0.24%)
Natural Gas (Nymex, futures prices) USD 2.68 MMBtu, (-0.11%, May 2018 contract)
Gold: USD 1,343.30 / troy ounce (-0.27%)
TASI: 7,783.48 (-0.22%) (YTD: +7.71%)
ADX: 4,581.62 (-0.04%) (YTD: +4.16%)
DFM: 3,106.95 (-0.94%) (YTD: -7.81%)
KSE Weighted Index: 415.78 (+1.52%) (YTD: +3.58%)
QE: 8,729.15 (+0.69%) (YTD: +2.41%)
MSM: 4,750.15 (+0.27%) (YTD: -6.85%)
BB: 1,294.64 (-0.65%) (YTD: -2.78%)