The Market Yesterday
EGP / USD CBE market average: Buy 17.86 | 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): 12,587 (-0.3%)
Turnover: EGP 603 mn (24% below the 90-day average)
EGX 30 year-to-date: -16.2%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.3%. CIB, the index heaviest constituent ended up 1.2%. EGX30’s top performing constituents were CIB up 1.2%, and EFG Hermes up 0.5%, and Orascom Construction up 0.5%. Yesterday’s worst performing stocks were Heliopolis Housing down 3.3%, Pioneers Holding down 3.2% and Palm Hills down 3.0%. The market turnover was EGP 603 mn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +41.3 mn
Regional: Net Short | EGP -20.8 mn
Domestic: Net Short | EGP -20.5 mn
Retail: 67.6% of total trades | 64.2% of buyers | 71.0% of sellers
Institutions: 32.4% of total trades | 35.8% of buyers | 29.0% of sellers
WTI: USD 52.73 (-0.30%)
Brent: USD 61.56 (-0.84%)
Natural Gas (Nymex, futures prices) USD 4.44 MMBtu, (-0.63%, January 2019 contract)
Gold: USD 1,243.70 / troy ounce (+0.09%)
TASI: 7,883.63 (-0.27%) (YTD: +9.10%)
ADX: 4,830.38 (-1.38%) (YTD: +9.82%)
DFM: 2,632.15 (-1.63%) (YTD: -21.90%)
KSE Premier Market: 5,389.96 (+0.39%)
QE: 10,589.98 (-0.12%) (YTD: +24.25%)
MSM: 4,552.30 (+0.39%) (YTD: -10.73%)
BB: 1,322.28 (-0.28%) (YTD: -0.71%)