The Market Yesterday
EGP / USD CBE market average: Buy 17.63 | Sell 17.73
EGP / USD at CIB: Buy 17.62 | Sell 17.72
EGP / USD at NBE: Buy 17.57 | Sell 17.67
EGX30 (Thursday): 17,616 (-1.8%)
Turnover: EGP 1.6 bn (39% ABOVE the 90-day average)
EGX 30 year-to-date: +17.3%
THE MARKET ON THURSDAY: The EGX30 ended Thursday’s session down 1.8%. CIB, the index heaviest constituent ended down 2.3%. EGX30’s top performing constituents were AMOC up 2.7%, Telecom Egypt up 1.9%, and Juhayna up 0.4%. Thursday’s worst performing Madinet Nasr Housing down 5.7%, Emaar Misr down 5.2%, and Amer Group down 5.1%. The market turnover was EGP 1.6 bn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -19.8 mn
Regional: Net Short | EGP -96.9 mn
Domestic: Net Long | EGP +116.7 mn
Retail: 64.6% of total trades | 67.9% of buyers | 61.3% of sellers
Institutions: 35.4% of total trades | 32.1% of buyers | 38.7% of sellers
Foreign: 16.7% of total | 16.1% of buyers | 17.3% of sellers
Regional: 17.6% of total | 14.6% of buyers | 20.5% of sellers
Domestic: 65.7% of total | 69.3% of buyers | 62.2% of sellers
WTI: USD 67.39 (+0.48%)
Brent: USD 72.58 (+0.78%)
Natural Gas (Nymex, futures prices) USD 2.74 MMBtu, (+1.82%, May 2018 contract)
Gold: USD 1,347.90 / troy ounce (+0.45%)
TASI: 7,824.12 (+0.27%) (YTD: +8.27%)
ADX: 4,653.03 (-0.78%) (YTD: +5.79%)
DFM: 3,094.40 (-1.23%) (YTD: -8.18%)
KSE Weighted Index: 415.78 (+1.52%) (YTD: +3.58%)
QE: 8,918.48 (-1.07%) (YTD: +4.64%)
MSM: 4,776.55 (-0.27%) (YTD: -6.33%)
BB: 1,291.45 (+0.20%) (YTD: -3.02%)