The Market Yesterday
EGP / USD CBE market average: Buy 16.55 | Sell 16.65
EGP / USD at CIB: Buy 16.54 | Sell 16.64
EGP / USD at NBE: Buy 16.56 | Sell 16.66
EGX30 (Tuesday): 13,722 (+0.7%)
Turnover: EGP 498 mn (22% below the 90-day average)
EGX 30 year-to-date: +5.3%
THE MARKET ON TUESDAY: The EGX30 ended Tuesday’s session up 0.7%. CIB, the index heaviest constituent ended down 1.3%. EGX30’s top performing constituents were Egyptian Iron & Steel up 4.5%, Arab Co. for Asset Management up 3.1%, and EFG Hermes up 2.4%. Yesterday’s worst performing stocks were Pioneers Holding down 1.7%, Sarwa Capital down 1.5% and Egypt Kuwait Holding down 1.2%. The market turnover was EGP 498 mn, and local investors were the sole net buyers.
Foreigners: Net Short | EGP -20.3 mn
Regional: Net Short | EGP -6.1 mn
Domestic: Net Long | EGP +26.3 mn
Retail: 53.8% of total trades | 55.2% of buyers | 52.4% of sellers
Institutions: 46.2% of total trades | 44.8% of buyers | 47.6% of sellers
WTI: USD 57.59 (-0.05%)
Brent: USD 64.35 (-3.20%)
Natural Gas (Nymex, futures prices) USD 2.32 MMBtu, (+0.56%, Aug 2019 contract)
Gold: USD 1,406.80 / troy ounce (-0.31%)
TASI: 9,073.01 (+0.32%) (YTD: +15.92%)
ADX: 5,077.22 (+0.70%) (YTD: +3.30%)
DFM: 2,722.47 (+0.25%) (YTD: +7.62%)
KSE Premier Market: 6,756.30 (+0.48%)
QE: 10,600.98 (+0.05%) (YTD: +2.93%)
MSM: 3,757.55 (-0.74%) (YTD: -13.09%)
BB: 1,535.48 (+0.10%) (YTD: +14.82%)