The Market Yesterday
EGP / USD CBE market average: Buy 17.24 | Sell 17.34
EGP / USD at CIB: Buy 17.23 | Sell 17.33
EGP / USD at NBE: Buy 17.25 | Sell 17.35
EGX30 (Wednesday): 14,724 (+0.54%)
Turnover: EGP 718 mn (24% below the 90-day average)
EGX 30 year-to-date: +12.95%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session up 0.54%. CIB, the index heaviest constituent ended up 1.8%. EGX30’s top performing constituents were CIB, Egypt Kuwait Holding up 1.5%, and Qalaa Holdings up 1.2%. Yesterday’s worst performing stocks were Orasom Investment Holding down 1.5%, Arabia Investments down 1.3% and Egyptian Iron & Steel down 1.2%. The market turnover was EGP 718 mn, and foreign investors were the sole net sellers.
Foreigners: Net short | EGP -20.2 mn
Regional: Net long | EGP +7.4 mn
Domestic: Net long | EGP +12.8 mn
Retail: 48.7% of total trades | 50.7% of buyers | 46.7% of sellers
Institutions: 51.3% of total trades | 49.3% of buyers | 53.3% of sellers
WTI: USD 59.83 (+1.36%)
Brent: USD 68.50 (+1.32%)
Natural Gas (Nymex, futures prices) USD 2.83 MMBtu, (+0.39%, April 2019 contract)
Gold: USD 1,313.70 / troy ounce (-0.23%)
TASI: 8,640.52 (-0.21%) (YTD: +10.40%)
ADX: 5,098.32 (+0.37%) (YTD: +3.73%)
DFM: 2,643.70 (+0.09%) (YTD: +4.50%)
KSE Premier Market: 5,816.96 (+1.17%)
QE: 9,976.80 (+0.20%) (YTD: -3.13%)
MSM: 4,162.23 (+0.14%) (YTD: -3.74%)
BB: 1,423.46 (+0.22%) (YTD: +6.45%)