The Market Yesterday
EGP / USD CBE market average: Buy 17.82 | Sell 17.92
EGP / USD at CIB: Buy 17.83 | Sell 17.93
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 15,670 (+0.6%)
Turnover: EGP 755 mn (16% below the 90-day average)
EGX 30 year-to-date: +4.3%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.6%. CIB, the index heaviest constituent ended flat. EGX30’s top performing constituents were Egyptian Resorts up 3.8%, TMG Holding up 3.2%, and Emaar Misr up 3.0%. Yesterday’s worst performing stocks were Egypt Aluminum down 1.9%, Pioneers Holding down 0.8%, and Abu Qir Fertilizers down 0.5%. The market turnover was EGP 755 mn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -23.5 mn
Regional: Net Long | EGP +17.9 mn
Domestic: Net Long | EGP +5.6 mn
Retail: 49.5% of total trades | 52.6% of buyers | 46.5% of sellers
Institutions: 50.5% of total trades | 47.4% of buyers | 53.5% of sellers
Foreign: 32.6% of total | 31.0% of buyers | 34.1% of sellers
Regional: 5.7% of total | 6.8% of buyers | 4.5% of sellers
Domestic: 61.8% of total | 62.1% of buyers | 61.4% of sellers
WTI: USD 68.07 (+0.61%)
Brent: USD 72.87 (+0.66%)
Natural Gas (Nymex, futures prices) USD 2.75 MMBtu, (-0.36%, September 2018 contract)
Gold: USD 1,228.70 / troy ounce (+0.09%)
TASI: 8,288.98 (-0.07%) (YTD: +14.71%)
ADX: 4,845.35 (-0.29%) (YTD: +10.16%)
DFM: 2,978.54 (+0.76%) (YTD: -11.62%)
KSE Premier Market: 5,310.31 (+0.25%)
QE: 9,976.51 (+1.54%) (YTD: +17.05%)
MSM: 4,340.57 (+0.09%) (YTD: -14.88%)
BB: 1,353.45 (-0.36%) (YTD: +1.63%)