BY THE NUMBERS
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USD CBE auction (Tuesday, 19 April): 8.78 (unchanged since Wednesday, 16 March)
USD parallel market (Wednesday, 20 April): 11.75 (+0.75 since Tuesday, 19 April, Al Watan)
EGX30 (Wednesday): 7,799.86 (-0.82%)
Turnover: EGP 986.34 mn (127% above the 90-day average)
EGX 30 year-to-date: 11.33%
THE MARKET ON WEDNESDAY: The EGX30 was in the red for the first day after a five-day winning streak buoyed by speculation of a second devaluation, falling 0.8% on a relatively high volume. The selling wave hit all of the EGX30’s constituents except for six stocks, the most notable of which were Edita, South Valley Cement, and Global Telecom. The stocks that were most hard-hit were Porto Group, SODIC, and Amer Group. At a market turnover of EGP 986.3 mn, regional investors were the sole net buyers. Regionally, Saudi Arabia’s TASI closed down 0.3%, Dubai’s DFM General Index 0.5%, and Abu Dhabi’s ADX General Index 0.1%.
Foreigners:Net short | EGP + 38.6 mn
Regional:Net long | EGP + 97.0 mn
Domestic:Net short | EGP – 58.4 mn
Retail: 67.2% of total trades | 69.2% of buyers | 65.2% of sellers
Institutions: 32.8% of total trades | 30.8% of buyers | 34.8% of sellers
Foreign: 12.8% of total | 10.9% of buyers | 14.8% of sellers
Regional: 11.9% of total | 16.9% of buyers | 7.0% of sellers
Domestic: 75.3% of total | 72.2% of buyers | 78.2% of sellers
WTI: USD 43.94 (+8.63%)
Brent: USD 45.57 (+3.59%)
Gold: USD 1,246.30 / troy ounce (-0.46%)
TASI: 6,512.4 (-0.3%)
ADX: 4,595.9 (-0.1%)
DFM: 3,545.8 (-0.5%)
KSE Weighted Index: 364.8 (+0.1%)
QE: 10,366.9 (+0.7%)
MSM: 5,739.5 (+0.5%)