The Market Yesterday
EGP / USD CBE market average: Buy 17.58 | Sell 17.68
EGP / USD at CIB: Buy 17.57 | Sell 17.67
EGP / USD at NBE: Buy 17.58 | Sell 17.68
EGX30 (Tuesday): 13,977 (+0.5%)
Turnover: EGP 1.1 bn (36% above the 90-day average)
EGX 30 year-to-date: +7.2%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.5%. CIB, the index heaviest constituent ended down 0.7%. EGX30’s top performing constituents were Global Telecom up 5.5%, EFG Hermes up 3.0%, and Ibnsina Pharma up 3.0%. Yesterday’s worst performing stocks were Orascom Construction down 4.5%, Porto Group down 1.1% and Egyptian Resorts down 1.0%. The market turnover was EGP 1.1 bn, and foreign investors were the sole net sellers.
Foreigners: Net Short | EGP -147.7 mn
Regional: Net Long | EGP +5.6 mn
Domestic: Net Long | EGP +142.2 mn
Retail: 59.2% of total trades | 61.7% of buyers | 56.8% of sellers
Institutions: 40.8% of total trades | 38.3% of buyers | 43.2% of sellers
WTI: USD 53.16 (+2.25%)
Brent: USD 61.15 (+2.04%)
Natural Gas (Nymex, futures prices) USD 2.95 MMBtu, (+1.34%, Feb 2019 contract)
Gold: USD 1,316.40 / troy ounce (+0.54%)
TASI: 8,581.48 (-0.49%) (YTD: +9.64%)
ADX: 5,033.04 (-0.36%) (YTD: +2.40%)
DFM: 2,566.10 (-0.19%) (YTD: +1.44%)
KSE Premier Market: 5,415.08 (+0.39%)
QE: 10,722.49 (+0.17%) (YTD: +4.11%)
MSM: 4,172.36 (+0.30%) (YTD: -3.50%)
BB: 1,385.80 (+0.47%) (YTD: +3.63%)