The Market Yesterday
EGP / USD CBE market average: Buy 17.87 | Sell 17.96
EGP / USD at CIB: Buy 17.89 | Sell 17.96
EGP / USD at NBE: Buy 17.79 | Sell 17.89
EGX30 (Tuesday): 13,447 (+0.8%)
Turnover: EGP 600 mn (xx% BELOW / ABOVE the 90-day average)
EGX 30 year-to-date: +3.2%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.8%. CIB, the index heaviest constituent ended up 1.7%. EGX30’s top performing constituents were Egyptian Resorts up 6.7%, Telecom Egypt up 2.6%, and Egypt Kuwait Holding up 2.1%. Yesterday’s worst performing stocks were SODIC down 1.1%, Egypt Aluminum down 1.0% and Sidi Kerir Petrochemicals down 0.8%. The market turnover was EGP 600 mn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -32.7 mn
Regional: Net Short | EGP -17.0 mn
Domestic: Net Long | EGP +49.7 mn
Retail: 66.9% of total trades | 68.6% of buyers | 65.3% of sellers
Institutions: 33.1% of total trades | 31.4% of buyers | 34.7% of sellers
WTI: USD 51.72 (+2.40%)
Brent: USD 59.98 (+1.68%)
Natural Gas (Nymex, futures prices) USD 3.46 MMBtu, (-3.68%, Feb 2019 contract)
Gold: USD 1,288.20 / troy ounce (-0.24%)
TASI: 8,347.25 (+0.93%) (YTD: +6.65%)
ADX: 4,983.42 (-0.32%) (YTD: +1.39%)
DFM: 2,490.55 (-1.45%) (YTD: -1.55%)
KSE Premier Market: 5,473.63 (+0.04%)
QE: 10,762.99 (+0.86%) (YTD: +4.51%)
MSM: 4,279.87 (-0.67%) (YTD: -1.01%)
BB: 1,340.12 (-0.27%) (YTD: +0.21%)