The Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.96
EGP / USD at CIB: Buy 17.86 | Sell 17.96
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 15,751 (-1.1%)
Turnover: EGP 816 mn (0% below the 90-day average)
EGX 30 year-to-date: +4.9%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 1.1%. CIB, the index heaviest constituent ended down 1.0%. EGX30’s top performing constituents were QNB Alahli up 2.1%, Qalaa Holdings up 1.8%, and Sidi Kerir Petrochemicals up 0.8 %. Yesterday’s worst performing stocks were Egyptian Resorts down 3.7%, Heliopolis Housing down 3.4%, and Pioneers Holding down 3.1%. The market turnover was EGP 816 mn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -37.7 mn
Regional: Net Short | EGP -72.4 mn
Domestic: Net Long | EGP +110.0 mn
Retail: 55.9% of total trades | 55.6% of buyers | 56.3% of sellers
Institutions: 44.1% of total trades | 44.4% of buyers | 43.7% of sellers
Foreign: 20.7% of total | 18.4% of buyers | 23.0% of sellers
Regional: 9.0% of total | 4.5% of buyers | 13.4% of sellers
Domestic: 70.3% of total | 77.1% of buyers | 63.6% of sellers
WTI: USD 68.67 (-0.07%)
Brent: USD 77.27 (-1.15%)
Natural Gas (Nymex, futures prices) USD 2.79 MMBtu, (-0.11%, October 2018 contract)
Gold: USD 1,202.50 / troy ounce (+0.10%)
TASI: 7,719.10 (-3.13%) (YTD: +6.82%)
ADX: 4,972.92 (-1.12%) (YTD: +12.04%)
DFM: 2,818.44 (-0.66%) (YTD: -16.37%)
KSE Premier Market: 5,293.83 (+0.29%)
QE: 9,830.32 (+0.10%) (YTD: +15.33%)
MSM: 4,429.45 (+0.10%) (YTD: -13.34%)
BB: 1,335.26 (-0.24%) (YTD: +1.14%)