The Market Yesterday
EGP / USD CBE market average: Buy 17.10 | Sell 17.20
EGP / USD at CIB: Buy 17.08 | Sell 17.18
EGP / USD at NBE: Buy 17.10 | Sell 17.20
EGX30 (Wednesday): 14,027 (-2.5%)
Turnover: EGP 585 mn (30% below the 90-day average)
EGX 30 year-to-date: +7.6%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 2.5%. CIB, the index heaviest constituent ended down 0.9%. Yesterday’s worst performing stocks were Egyptian Iron & Steel down 8.2%, ACAMD down 8.1% and AMOC down 7.8%. The market turnover was EGP 585 mn, and foreign investors were the sole net buyers.
Foreigners: Net Long | EGP +111.6 mn
Regional: Net Short | EGP -28.2 mn
Domestic: Net Short | EGP -83.4 mn
Retail: 45.5% of total trades | 34.3% of buyers | 56.7% of sellers
Institutions: 54.5% of total trades | 65.7% of buyers | 43.3% of sellers
WTI: USD 61.98 (+0.94%)
Brent: USD 70.25 (+0.53%)
Natural Gas (Nymex, futures prices) USD 2.60 MMBtu, (+2.64%, Jun 2019)
Gold: USD 1,281.50 / troy ounce (-0.32%)
TASI: 8,899.80 (-0.77%) (YTD: +13.71%)
ADX: 5,123.94 (-0.01%) (YTD: +4.25%)
DFM: 2,712.87 (-0.48%) (YTD: +7.24%)
KSE Premier Market: 6,365.43 (+0.88%)
QE: 10,123.40 (-1.25%) (YTD: -1.71%)
MSM: 3,874.97 (-0.67%) (YTD: -10.38%)
BB: 1,441.06 (-0.05%) (YTD: +7.76%)