The Market Yesterday
EGP / USD CBE market average: Buy 17.85 | Sell 17.95
EGP / USD at CIB: Buy 17.86 | Sell 17.96
EGP / USD at NBE: Buy 17.78 | Sell 17.88
EGX30 (Wednesday): 14,612 (+1.8%)
Turnover: EGP 776 mn (3% above the 90-day average)
EGX 30 year-to-date: -2.7%
THE MARKET ON WEDNESDAY: The EGX30 index ended Wednesday’s session up 1.8%. CIB, the index heaviest constituent ended up 1.9%. EGX30’s top performing constituents were Egyptian Iron and Steel up 8.0%, Telecom Egypt up 5.1%, and Qalaa Holdings up 4.4%. Yesterday’s worst performing stocks were Juhayna down 2.4%, Egyptian Resorts down 1.0%, and Orascom Investment Holding down 0.8%. The market turnover was EGP 776 mn, and regional investors were the sole net buyers.
Foreigners: Net Short | EGP -7.6 mn
Regional: Net Long | EGP +45.4 mn
Domestic: Net Short | EGP -37.8 mn
Retail: 60.3% of total trades | 55.5% of buyers | 65.0% of sellers
Institutions: 39.7% of total trades | 44.5% of buyers | 35.0% of sellers
Foreign: 20.6% of total | 20.1% of buyers | 21.1% of sellers
Regional: 9.5% of total | 12.4% of buyers | 6.6% of sellers
Domestic: 69.9% of total | 67.4% of buyers | 72.3% of sellers
WTI: USD 72.04 (-0.33%)
Brent: USD 81.72 (-0.18%)
Natural Gas (Nymex, futures prices) USD 3.02 MMBtu, (-1.98%, October 2018 contract)
Gold: USD 1,198.50 / troy ounce (-0.55%)
TASI: 7,893.55 (-0.15%) (YTD: +9.23%)
ADX: 4,929.98 (+0.78%) (YTD: +12.08%)
DFM: 2,775.57 (+0.78%) (YTD: -17.64%)
KSE Premier Market: 5,336.50 (-0.06%)
QE: 9,728.50 (+0.16%) (YTD: +14.14%)
MSM: 4,501.41 (+0.36%) (YTD: -11.72%)
BB: 1,350.16 (-0.38%) (YTD: +1.39%)