The Market Yesterday
EGP / USD CBE market average: Buy 16.53 | Sell 16.66
EGP / USD at CIB: Buy 16.55 | Sell 16.65
EGP / USD at NBE: Buy 16.52 | Sell 16.62
EGX30 (Wednesday): 14,357 (-0.5%)
Turnover: EGP 926 mn (57% above the 90-day average)
EGX 30 year-to-date: +10.1%
THE MARKET ON WEDNESDAY: The EGX30 ended Wednesday’s session down 0.5%. CIB, the index’s heaviest constituent, ended down 0.6%. EGX30’s top performing constituents were Egyptian Resorts up 5.2%, Qalaa Holdings up 2.2%, and Ibnsina Pharma up 2.2%. Yesterday’s worst performing stocks were Emaar Misr down 4.2%, TMG Holding down 2.1% and Elsewedy Electric down 1.6%. The market turnover was EGP 926 mn, and local investors were the sole net buyers.
Foreigners: Net short | EGP -51.3 mn
Regional: Net short | EGP -42.9 mn
Domestic: Net long | EGP +94.1 mn
Retail: 60.8% of total trades | 65.6% of buyers | 56.0% of sellers
Institutions: 39.2% of total trades | 34.4% of buyers | 44.0% of sellers
WTI: USD 56.01 (0.59%)
Brent: USD 60.30 (+0.45%)
Natural Gas (Nymex, futures prices) USD 2.17 MMBtu, (0.00%, September 2019 contract)
Gold: USD 1,512.10 / troy ounce (-0.24%)
TASI: 8,508.93 (-0.94%) (YTD: +8.72%)
ADX: 5,040.62 (-0.56%) (YTD: +2.55%)
DFM: 2,790.84 (+0.07%) (YTD: +/10.32%)
KSE Premier Market: 6,610.69 (-0.48%)
QE: 9,877.10 (-0.18%) (YTD: -4.10%)
MSM: 3,929.36 (+1.02%) (YTD: -9.12%)
BB: 1,532.21 (-0.16%) (YTD: +14.58%)